The Keith Companies Begins Work on Texas Wind Power Project
May 12 2004 - 7:00AM
PR Newswire (US)
The Keith Companies Begins Work on Texas Wind Power Project IRVINE,
Calif., May 12 /PRNewswire-FirstCall/ -- The Keith Companies, Inc.
, an engineering and consulting services firm headquartered in
Orange County, California, announced that it has begun work in
support of development of Phase II of the Sweetwater Wind Power
project near Sweetwater, Texas. Phase II of the Sweetwater Project
is a 91.5 megawatt (MW) addition to the existing 37 MW wind farm
utilizing 61 GE 1.5 MW wind turbines. Planning is currently
underway for the ultimate development of the 400 MW wind farm. At
the completion of Phase II, approximately 128 MW of the ultimate
400 MW will be completed. Sweetwater Wind Power LLC is a joint
development of DKRW, Babcock & Brown and Catamount Energy
Corporation. The Keith Companies' Energy & Industrial Services
group is providing Owner's Engineer Services. The Company's
participation on this second of several phases of the project is
expected to run through the remainder of 2004. "This is an
excellent opportunity to further expand our efforts in renewable
energy and asset management," said Aram Keith, Chairman and CEO of
The Keith Companies. "We have additional opportunities developing
in wind, solar, and woodwaste, as well as traditional energy
projects, and we are encouraged by the increasing level of interest
in this area." About The Keith Companies The Keith Companies, Inc.
is a fully integrated, multi-disciplined engineering and consulting
services company, with offices located throughout the Western and
Midwestern United States. The Keith Companies' professionals
provide a wide spectrum of skilled resources including land
planning, engineering, surveying, mapping, environmental studies,
and water and cultural resources, that are needed to effectively
plan, engineer, and design state-of- the-art private and public
facilities. Additionally, the Company provides mechanical,
electrical, chemical, civil, and other industrial engineering
services to design and improve the efficiency and reliability of
energy, process, production lines, and fire protection systems. The
Keith Companies benefits from a diverse public and private client
base varying from residential and commercial real estate projects
to institutional, manufacturing, energy, and processing facilities.
For more information visit the Company's website at
http://www.keithco.com/. About TKC Energy & Industrial Services
The Company's TKC Energy and Industrial Services group (TKC)
provides total energy & industrial solutions with a broad base
of management services. TKC is a multi-disciplined, full service
engineering and management team providing industrial and energy
project life-cycle support. It supports power, process, LNG/CNG,
manufacturing, pharmaceutical, water and central energy facilities.
Experience includes natural gas, liquid and coal fuels, wind,
biomass and other renewable power generation technologies.
Capabilities include initial due-diligence, feasibility studies,
design, construction management and plant operations. Certain
statements in this news release may include forward-looking
statements that express our expectation, prediction, belief, or
projection. These statements involve known and unknown risks,
uncertainties, and other factors that may cause the actual results,
performance, and achievement of The Keith Companies to be
materially and adversely different from any future results,
performance, or achievement expressed or implied by these
forward-looking statements. Factors that may cause actual results
to differ from the forward-looking statements contained in this
release and that may affect the Company's prospects in general
include, but are not limited to: changes in the economic growth in
the United States (especially in California) and other major
international economies, our ability to sustain our growth and
profitability, our ability to implement our acquisition strategy
and to successfully close and integrate acquired companies on a
timely and cost-effective basis, changes in the carrying value of
our goodwill and other long-term assets, our failure to accurately
estimate costs on fixed-price contracts or contracts with
not-to-exceed provisions, the uncertain timing of awards and
contracts, the ability to maintain acquired companies' profit
margins and/or client base, outcomes of pending and future
litigation, the ongoing financing of public works and
infrastructure enhancements and refurbishment, our ability to
attract and retain employees, the demand for electricity and the
impact on power providers' plans for expanding generation
facilities, continued incentives, financing, and legislation
supporting the development of alternative and renewable energy
projects increasing competition by foreign and domestic companies,
a downturn in the real estate market, risks inherent in doing
business outside the United States, including the difficulty of
enforcing contracts, political instability and foreign currency
fluctuations and potential exchange restrictions, the short- and
long-term impact of terrorist activities and resulting political
and military policies, and other factors as are described in the
Company's filings with the Securities and Exchange Commission. The
forward-looking information set forth in this press release is as
of the date indicated above and we undertake no duty to update this
information. For further information, please contact: Aram Keith,
CEO of The Keith Companies, Inc., +1-949-923-6001, or fax,
+1-949-923-6026; or Investor Relations, Tricia Ross of Financial
Relations Board, +1-310-407-6540, for The Keith Companies, Inc.
DATASOURCE: The Keith Companies, Inc. CONTACT: Aram Keith, CEO of
The Keith Companies, Inc., +1-949-923-6001, fax, +1-949-923-6026;
or Investor Relations, Tricia Ross of Financial Relations Board,
+1-310-407-6540, for The Keith Companies, Inc. Web site:
http://www.keithco.com/
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