BLUE BELL, Pa., May 4, 2011 (GLOBE NEWSWIRE) -- UniTek Global Services, Inc. ("UniTek" or the "Company") (Nasdaq:UNTK) a premier provider of permanently outsourced infrastructure services to the wireless and wireline telecommunications, broadband cable, satellite television industries and turnkey wireless systems integration, today announced that its Pinnacle Wireless division has been awarded a wireless systems integration contract for work related to the World Trade Center Transportation Hub in New York. The contract has an estimated value of $37 million. Work will begin in the second quarter, and is expected to run through June 2014.
Pinnacle was awarded this contract by Five Star Electric Corporation, which was named the prime contractor for the project. The systems integration component for which Pinnacle has been selected represents more than half of the total value of this project. This contract represents Pinnacle's 6th project at the World Trade Center site since 2005. In addition to the Transportation Hub, Pinnacle and Five Star have been awarded similar contracts for the National September 11th Museum & Memorial, World Trade Center Pavilion, World Trade Center Central Chiller Plant and World Trade Center Building 7.
"The award of this project is a great milestone for our team and an example of how our broad capabilities can lead to significant project wins. We will continue to explore new offerings in the public safety and municipal markets," said C. Scott Hisey UniTek's Chief Executive Officer. "This high profile deployment demonstrates our expertise in the development of mission critical infrastructure solutions for first responders."
About UniTek Global Services:
UniTek Global Services is a provider of engineering, construction management and installation fulfillment services to companies specializing in the telecommunications, broadband cable, wireless, two-way radio, transportation, public safety and satellite industries. UniTek has created a scalable operating platform, enabling each UniTek subsidiary to deliver quality services to its Fortune 200 customers. UniTek, based in Blue Bell, PA, utilizes a diverse workforce of over 5,400 deployed in over 106 locations in the United States and Canada. www.unitekgs.com
About Five Star Electric Corporation:
Five Star Electric is the largest electrical contractor in New York City and the eleventh largest electrical contractor in the US. For additional information, please visit. www.fivestarelectric.net.
About World Trade Center Transportation Hub:
For additional information on the World Trade Center Transportation Hub, please visit http://www.wtc.com/about/transportation-hub.
Forward Looking Statements
The Company may from time to time make written or oral "Forward-looking statements", including statements contained in this release and in the Company's filings with the Securities and Exchange Commission. These forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, estimates, and intentions that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. These risks and uncertainties include the risk that the registration statement never becomes effective and we are not able to conduct any offering of securities in connections with the registration statement, as well as other risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The words "may", "could", "should", "would", "believe", "anticipate", "estimate", "expect", "intend", "plan", and similar expressions are intended to identify forward-looking statements. All such statements are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake to update any forward looking statement, whether written or oral, which may be made from time to time by or on behalf of the Company, except as may be required by applicable law or regulations.
CONTACT: The Piacente Group, Inc. | Investor Relations Brandi Floberg | Lee Roth (212) 481-2050 firstname.lastname@example.org