TULSA, Okla., Sept. 28, 2017 (GLOBE NEWSWIRE) — Matrix Service Company (Nasdaq:MTRX) announced today that the Matrix Service Inc. Catoosa Fabrication facility has received the Voluntary Protection Program (VPP) Star designation, the highest designation given by the Occupational Safety & Health Association (OSHA). VPP Star status is reserved for an elite group of employers and employees who demonstrate exemplary achievement in the prevention and control of occupational safety and health hazards, and serve as role models for others. The Fabrication facility is one of only two heavy metal fabrication facilities in the United States to have achieved VPP Star status.
“We are very pleased to have received this prestigious designation,” said Matrix Service Company President and CEO, John R. Hewitt. “Safety is our Company’s number one core value and a critical competitive business differentiator. Receipt of this designation is a testament to the commitment of our employees and our Company to establish and maintain a world-class safety culture. It is the direct result of the hard work of our employees and their focus on eliminating incidents all-together.”
Achieving VPP Star status is the most challenging of the category designations and indicates the organization receiving the designation has successfully demonstrated ongoing planning, implementation, integration and control of four interdependent elements: Management leadership and employee involvement; Worksite analysis; Hazard prevention and control; and Safety and health training.
“Employee involvement and commitment to safety is foundational to our culture and to receiving the VPP Star designation. Our receipt of this designation on our first application is official recognition of the outstanding efforts of our entire team to institute a zero incident safety culture,” said Matrix Service Inc. President, James P. Ryan. “We are extremely proud of our employees and their commitment to achieving this goal.”
The Matrix Service Inc. Catoosa Fabrication facility is a 215,000 square foot state of the art fabrication facility under one roof, with both rail spur and water access. The facility’s fabrication requires more than 45,000 tons of steel per year, with its core business being the manufacture of above ground tanks for the storage of crude and refined oil, liquid natural gas and other specialty chemicals and hydrocarbons, as well as pressure vessels, towers and drums. At the time of award, the facility had completed nearly 870 days without a recordable incident, placing them within the top one percent of fabrication facilities nationwide.
About Matrix Service Company
Founded in 1984, Matrix Service Company is parent to a family of companies that include Matrix Service Inc., Matrix NAC, Matrix PDM Engineering and Matrix Applied Technologies. Our subsidiaries design, build and maintain infrastructure critical to North America’s energy, power and industrial markets. Matrix Service Company is headquartered in Tulsa, Oklahoma with subsidiary offices located throughout the United States and Canada, as well as Sydney, Australia and Seoul, South Korea.
The Company reports its financial results based on four key operating segments: Electrical Infrastructure, Storage Solutions, Oil Gas & Chemical and Industrial. To learn more about Matrix Service Company, visit matrixservicecompany.com.
For more information, please contact:
Matrix Service Company
Kevin S. Cavanah
Vice President and CFO
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as “anticipate,” “continues,” “expect,” “forecast,” “outlook,” “believe,” “estimate,” “should” and “will” and words of similar effect that convey future meaning, concerning the Company’s operations, economic performance and management’s best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences, including those factors discussed in the “Risk Factors” and “Forward Looking Statements” sections and elsewhere in the Company’s reports and filings made from time to time with the Securities and Exchange Commission. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company’s operations and its financial condition. We undertake no obligation to update information contained in this release.