ICF International (ticker: ICFI, exchange: NASDAQ Global Market (.O))
News Release -
23-Jul-2007
ICF International Awarded EPA Contract Valued Up to $37 MillionFirm to Support Agency Efforts to Assess and Address Global Climate ChangeFAIRFAX, Va., Jul 23, 2007 (BUSINESS WIRE) -- ICF International (NASDAQ:ICFI) today announced it won a new
Indefinite Delivery/Indefinite Quantity contract with the U.S.
Environmental Protection Agency (EPA) valued up to US$37 million over
five years. Under the multiple-award contract, ICF will provide
technical and outreach support services to the EPA for domestic and
global climate change initiatives. This contract replaces two smaller
ICF contracts. The capacity of this contract is nearly double the
amount of the work done under the prior contracts. The company was
awarded the contract vehicle through its subsidiary, ICF Incorporated,
LLC.
"Interest in climate change has soared recently in the United
States, and we expect EPA's policies and programs to expand and evolve
rapidly over the next five years," said Randall Freed, an ICF senior
vice president and climate change expert. "With increased interest in
controlling the emissions of greenhouse gases, ICF International is
poised to help EPA tackle this global challenge by offering expertise
in the deployment of clean technologies across all sources and sinks
of these gases."
"U.S. involvement with international programs will become
increasingly important, and we can offer lessons for domestic policy
that we've learned through our project work for clients in Europe,
Canada, and other countries that have developed climate change
policies," said Diana Pape, an ICF vice president and expert in
greenhouse gas mitigation.
ICF has supported the EPA on climate change issues continuously
since 1981. In addition to this contract, the firm holds five other
large prime contracts with the agency on the full range of climate
change issues. Additionally, the firm has more than 230 staff working
on these issues in support of the following clients:
- National governments in more than 50 countries, including the
United States, United Kingdom, Ireland, Canada, Russia, and
Ukraine;
- Financial institutions in the United States and Europe, as
well as development banks;
- Leading companies, including more than 60 of the Financial
Times' FT Global 500 and low-carbon technology suppliers.
ICF International (NASDAQ:ICFI) partners with government and
commercial clients to deliver consulting services and technology
solutions in the energy, climate change, environment, transportation,
social programs, health, defense, and emergency management markets.
The firm combines passion for its work with industry expertise and
innovative analytics to produce compelling results throughout the
entire program life cycle, from analysis and design through
implementation and improvement. Since 1969, ICF has been serving
government at all levels, major corporations, and multilateral
institutions. More than 2,500 employees serve these clients worldwide.
ICF's Web site is www.icfi.com.
This document may contain "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of
1995--that is, statements related to future--not past--events, plans,
and prospects. These statements involve known and unknown risks,
uncertainties, and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance, or
achievements expressed or implied by such forward-looking statements.
In some cases, you can identify these statements by forward-looking
words such as "guidance," "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "potential," "seek,"
"should," "will," "would," or similar words. You should read
statements that contain these words carefully because they discuss our
future expectations, contain projections of our future results of
operations or of our financial position, or state other
forward-looking information, and are subject to factors that could
cause actual results to differ materially from those anticipated. For
ICF, particular uncertainties that could adversely or positively
affect the Company's future results include but are not limited to:
risks related to the government contracting industry, including the
timely approval of government budgets, changes in client spending
priorities, and the results of government audits and investigations;
risks related to our business, including our dependence on contracts
with U.S. Federal Government agencies and departments and the State of
Louisiana; continued good relations with these and other customers;
success in competitive bidding on recompete and new contracts;
performance by ICF and its subcontractors under our contract with the
State of Louisiana, Office of Community Development, including but not
limited to the risks of failure to achieve certain levels of program
activities, termination, or material modification of the contract, and
political uncertainties relating to The Road Home program;
uncertainties as to whether revenues corresponding to the Company's
contract backlog will actually be received; the future of the energy
sector of the global economy; our ability to attract and retain
management and staff; strategic actions, including attempts to expand
our service offerings and client base, the ability to make
acquisitions, and the performance and future integration of acquired
businesses; risks associated with operations outside the United
States, including but not limited to international, regional, and
national economic conditions, including the effects of terrorist
activities, war, and currency fluctuations; and other risks and
uncertainties disclosed in the Company's filings with the Securities
and Exchange Commission. These uncertainties may cause ICF's actual
future results to be materially different than those expressed in the
Company's forward-looking statements. ICF does not undertake to update
its forward-looking statements.
SOURCE: ICF International
ICF International
Media contact:Polly Shannon,
703-934-3144
pshannon@icfi.com
|