Tetra Tech and International Resources Group Joint Venture Awarded Indian Ocean Tsunami Warning System Development Project
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Tuesday, August 9, 11:40 am ET
PASADENA, Calif.--(BUSINESS WIRE)--Aug. 9, 2005--Tetra Tech, Inc.
(NASDAQ:TTEK - News) announced today that its joint venture with
International Resources Group (IRG) was awarded a two-year, $6 million
task order under the worldwide water resources contract with the U.S.
Agency for International Development (USAID). USAID is leading the
U.S. government assistance program to support the development of an
Indian Ocean Tsunami Warning System (IOTWS), in coordination with the
Intergovernmental Oceanographic Commission of the United Nations
Educational, Scientific and Cultural Organization, other donor
nations, and national governments in the region.
Li-San Hwang, Tetra Tech's Chairman and CEO, said: "Tetra Tech has
done substantial work in the field of tsunami research. We are pleased
to be given this opportunity to again make a contribution for
society's benefit and to minimize human losses in the event of such
catastrophic disasters."
"IRG is pleased to support USAID in assisting the people of East
Asia to develop an effective tsunami early warning system that will
help prevent massive loss of life as occurred in that region last
December. Our intention is to build a system that also detects other
destructive natural disasters, from floods to droughts, and includes
monitoring and prediction elements, a communications process for
disseminating warning messages and information to prepare and act,"
said Asif Shaikh, International Resources Group President and CEO. "To
this end, we look forward to working with our exceptional team of
experts on USAID's behalf."
The United States is the only country in the world besides Japan
that has built and operated an "end-to-end" tsunami early warning
system. U.S. activities will support each of the essential elements of
an IOTWS, including: risk assessment; hazard monitoring, detection and
prediction; formulation, dissemination and communication of warning
messages; and knowledge and preparedness to act. The program will
provide targeted technical support to Indonesia, Sri Lanka, India,
Thailand and the Maldives in developing and implementing various
components of an IOTWS at national and local levels.
Under this task order, the joint venture will serve as the Program
Integrator, providing technical assistance, coordination, logistics,
training and administrative support to USAID's Regional Development
Mission/Asia and to international, national and local organizations
involved in the development of an IOTWS. The joint venture will
provide overarching services and coordination support to the National
Oceanic and Atmospheric Administration, U.S. Geological Survey, U.S.
Trade and Development Agency, and U.S. Forest Service.
About International Resources Group Ltd. (www.irgltd.com)
IRG is an international professional services firm that helps
governments, the private sector, communities and households manage
critical resources to build a cleaner, safer and more prosperous
world. Since its inception in 1978, IRG has completed over 650
contracts in 134 countries, delivering high-quality, cost-effective
services that promote positive economic growth, institutional and
social change, and intelligent use of resources -- human, physical,
environmental and financial.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering and
technical services. With nearly 8,000 associates located in the United
States and internationally, the Company supports commercial and
government clients in the areas of resource management, infrastructure
and communications. Tetra Tech's services include research and
development, applied science and technology, engineering design,
program management, construction management, and operations and
maintenance.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Any forward-looking
statements made in this release represent management's best judgment
as to what may occur in the future. However, Tetra Tech's actual
outcome and results are not guaranteed and are subject to certain
risks, uncertainties and assumptions ("Future Factors"), and may
differ materially from what is expressed. For a description of Future
Factors that could cause actual results to differ materially from such
forward-looking statements, see the discussion under the section "Risk
Factors" included in the Company's Form 10-K and 10-Q filings with the
Securities and Exchange Commission.
Contact:
Tetra Tech, Inc.
Mike Bieber, 626-351-4664
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