PORTLAND, Ore.--(BUSINESS WIRE)--Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, announced today that the company has contracted with Group Desarrollo Infaestructura, SA de CV (GDI) who is contracted with Transcanada Corporation’s Mexican Subsidiary, Transportadora de Gas del Noreste for a new rural infrastructure pipeline project that will bring clean-burning natural gas to businesses and citizens in Mexico. The agreement will guarantee the use of an S-64 E Aircrane to assist in the external load transport of more than 1,000 natural gas pipeline segments that will complete the 329 mile long Topolobampo Project. This project is a first for Erickson within the construction services market in Mexico.
The terrain surrounding the project is rugged and mountainous with minimal ground access. Transporting pipe segments by helicopter from a centralized staging area to multiple sites along the pipeline reduces transit time and avoids road construction. Current access roads are inaccessible for the equipment and pipe segments needed, and the helicopter allows for a more efficient project timeline. The Aircrane is an ecological and strategic solution for installation due to the lack of transportation infrastructure in this challenging location.
“This is a high priority project for the City of Los Mochis, to help build infrastructure in austere and rugged locations. We are providing an ecological solution when roadways aren’t available and the area is difficult to navigate by land. The Aircrane is very nimble in the air and our crews are a fast and affordable solution for rural infrastructure projects,” said Jeff Roberts, President and CEO.
The work will be completed early in Q2. The precision capability of the Aircrane, combined with the skill and experience of pilots and project managers, has led Erickson to be uniquely suited for this project.
About Erickson Incorporated
Erickson is a leading global provider of aviation services specializing in oil and gas, government services, legacy aircraft MRO and manufacturing, and commercial services such as firefighting, HVAC, power line, specialty, construction, and timber harvesting. Erickson operates a fleet of approximately 80 rotary-wing (light, medium, and heavy) and fixed-wing aircraft, including 20 heavy-lift S-64 Aircranes. Founded in 1971, Erickson is headquartered in Portland, Oregon, USA, and maintains operations in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit www.ericksonaviation.com.
This press release contains certain statements relating to future results (including, without limitation, “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “predict”), which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including our failure to successfully execute on our contract with Group Desarrollo Infaestructura, SA de CV, and certain other risks or uncertainties more fully described under the heading “Risk Factors” in our most recently filed Annual Report on Form 10-K as well as in the other reports we file with the SEC from time to time, which are available at the SEC’s web site located at http://www.sec.gov. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.