CEMATRIX announces $4.5M in new contracts

CALGARY — CEMATRIX Corporation a North American manufacturer and supplier of technologically advanced cellular concrete products announced that its wholly owned operating subsidiaries, which include CEMATRIX (Canada) Inc., MixOnSite USA Inc. and Pacific International Grout Company have executed $4.5 million in new contracts in 2023.

Factoring in the $4.5M in contracts executed, converted contracts, the increase in contracts in process of $1.6 million and sales completed to the end of February 2023, the Corporation says their backlog has increased to $87.2 million. $40.2 million of the Corporation’s current backlog is now Contracted and $47.0 million is Contracts in Process. $30.9 million of the current backlog is scheduled for 2023, of which $25 million are contracted.

“The $4.5 million in contracts executed since our last contract announcement are for geotechnical infrastructure projects across North America,” stated Jeff Kendrick, CEMATRIX President and CEO. “Organic growth continues to be strong in all regions of North America as evidenced by our strong back log and our growing sales pipeline. We continue to see increased demand for our products as evidenced by our sales pipeline which now exceeds $420 million.”

The Company’s sales pipeline is defined as the estimated value of projects that the Company has been approached on for a design or quote or both and/or from the quotes that have been requested as part of a infrastructure construction tender document listed on one of the construction project data bases like Construct Connect. The Corporation’s Backlog is defined as Contracted plus Contracts in Process net of sales completed to date. Contracts in Process are defined as projects where the related contract is in office for review or signature; or signed and returned to the client for their signature; or is in the post award project submission process; or is awarded by letter of intent; or is awarded by some other form of written communication.