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Wednesday, June 3, 2009

Northwest Pipe (NASDAQ: NWPX) Company Announces $14 Million in Projects


Northwest Pipe (NASDAQ: NWPX) Company Announces $14 Million in Projects


VANCOUVER, WA- June 3, 2009 - Northwest Pipe Company (NASDAQ: NWPX) is pleased to announce that we have been selected as the pipe supplier for two major water pipeline projects. These two projects have a total contract value of $14 million.

The first contract is with Ames Construction of West Valley City, UT. Northwest Pipe will supply approximately 10,000 feet of 96" pipe for the Utah Lake/Spanish Fork Reach 3 project. The pipe will be manufactured at the Adelanto, CA facility with delivery scheduled to begin late in the third quarter of this year.

The second contract is with SJ Louis Construction of Mansfield, TX. Northwest Pipe will supply approximately 20,000 feet of 60" pipe for the Utah Lake/South Fork to Provo Canal/Mapleton Reach project. The pipe will be manufactured at the Saginaw, TX facility with delivery to begin early in the third quarter.
Both of these projects are part of the Central Utah Project Completion Act (CUPCA) enacted in 1992. It removed responsibility for completing the Central Utah Project (CUP), a federal water project, from the US Bureau of Reclamation. CUPCA then distributed responsibility for the project to the local water district -- the Utah Water Conservancy District. CUP is the largest water resources development program ever undertaken in the State. Water developed by the Central Utah Project will be used for municipal, industrial, irrigation, hydroelectric power, fish, wildlife, conservation and recreation. The project will improve flood control capability and assist in water quality control. These orders are for a continuation of a pipeline from the Strawberry Reservoir to the Provo Canal.
Northwest Pipe Company manufactures welded steel pipe and other products in two business groups. Its Water Transmission Group is the leading supplier of large diameter, high-pressure steel pipe products that are used primarily for water infrastructure in North America. Its Tubular Products Group manufactures smaller diameter steel pipe for a wide range of applications including construction, agricultural, energy, traffic and other commercial and industrial uses. The Company is headquartered in Vancouver, Washington and has ten manufacturing facilities across the United States and Mexico.
This release contains forward-looking statements, including statements regarding the project described above. These statements reflect management's current information about the project mentioned above and management's current views and estimates of market circumstances, industry conditions and Company performance. Actual results could vary materially from the description contained herein due to many factors including market demand, operating efficiencies, availability and price of raw materials, and other risks described from time to time in the Company's reports to the Securities and Exchange Commission.





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