Corix Utilities Selected for University of Oklahoma Utilities Project
Thursday, August 05, 2010
Direct wage contribution anticipated to be $30 million to $40 million
VANCOUVER, BC —Brett Hodson, President and CEO of Corix Utilities announced that Corix was selected to enter into a 50-year utility systems partnership project by the University Oklahoma. The agreement was signed today.
"We are extremely pleased and excited to be awarded this project," Hodson said. "With our experience and expertise, Corix is confident we can help the University manage its utilities in a way that meets its overall goal of providing a superior educational environment for its students."
The utilities involved in the University's project include the central heat and power plant, heat distribution, chilled water (production and distribution), natural gas distribution, electricity distribution, potable water distribution and wastewater collection. Corix will be responsible for the long-term operation and management of these systems, with ownership of the utilities themselves remaining with the University.
"We are recognized around North America for our leadership in utility management and innovation, and we will bring these skills to the project," said Hodson. "This project also expands Corix's rapidly growing multi-utility operations in North America."
Corix's full scope of utility management expertise, which includes alternative energy, district energy systems, wastewater treatment and water conservation programs, is designed to provide cost-effective, sustainable utility infrastructure, services and solutions at a local level.
Corix Utilities is part of the Corix Group of Companies, with operations across the United States and Canada. Corix’s more than 900 United States employees – about 50% of its total employee base - work out of 24 offices in 12 different States. Corix operates several U.S. subsidiaries and was recently selected by Oklahoma Gas and Electric to be a partner in the deployment of smart meters in Oklahoma.
"We look forward to working with the University of Oklahoma, the City of Norman and all other interested parties on this project," said Hodson. "Our overall approach is designed for cost-efficient management, renewal and replacement of the University's utility assets over the long term, allowing the University to redeploy its capital to other areas."
OU President David Boren said, "The University's partnership with Corix in the utility systems project will be mutually beneficial to both entities. We look forward to our work together."
The Corix Group of Companies – based in Vancouver, B.C. – specializes in providing field metering services and products and utility solutions for sustainable infrastructure in the water, wastewater and energy sectors for clients across North America. It has over 2000 employees in 60 locations across North America. Corix is a private company whose primary owners are BC Investment Management Corporation and CAI Capital Management Inc., two large and stable members of the Canadian investment community who specialize in public pension funds. Please visit www.corix.com for more information.
For more information, contact:
Brett Hodson, President and CEO
Corix Infrastructure Inc.
Corix Media Relations
Phone: (604) 232-2128
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