CALGARY, Alberta, June 05, 2024 (GLOBE NEWSWIRE) — CEMATRIX Corporation (TSXV:CVX) (OTCQB:CTXXF) (“CEMATRIX” or the “Company“) a North American leading manufacturer and supplier of technologically advanced cellular concrete products today announced that it has executed $5.6 million in new contracts.
“The $5.6 million of new contracts are composed of various projects across North America which are all scheduled to be completed in 2024,” stated Jeff Kendrick, CEMATRIX President and CEO. “With the addition of these new contracts, a few of which were previously included in contracts in process, our current backlog now stands at $81.8 million.”
“These new contracts reflect the continued organic growth of our cellular concrete market in the United States and Canada. Increased frequency in referrals, in addition to numerous new clients, continue to provide additional support in our belief that cellular concrete is becoming the standard in the infrastructure industry. This continued market growth is a testament to not only our superior product but also to the hard work of our sales teams who have been instrumental in educating the industry and in the maintenance of our strong backlog. We continue to land numerous projects for varying applications across our market territory as the choice of cellular concrete for these applications becomes more of the preferred solution compared to the legacy products that support this industry,” …