SOURCE: Tetra TechDESCRIPTION:
PASADENA, Calif., August 24, 2018 /3BL Media/ - Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) awarded the Company a $650 million, multiple-award contract to develop innovative solutions to address land rights challenges around the world. Secure property rights provide a foundation for sustainable natural resource management, access to water resources, economic growth, and improved food security.
Under the five-year Strengthening Tenure and Resource Rights II (STARR II) contract, Tetra Tech will provide technical support services to USAID, including the use of geospatial tools, mobile technologies, and secure data management processes to document and formalize land tenure and property rights.
USAID also awarded Tetra Tech the first task order under the STARR II contract. The 5-year, $25 million Integrated Land and Resource Governance task order will support the development of targeted solutions to strengthen land and resource rights in Africa, Asia, Latin Americaand/or the Middle East. Tetra Tech will provide technical expertise to strengthen legal frameworks and land administration, improve land-based investments, and facilitate access of rights for women and other vulnerable populations.
“Tetra Tech is pleased to support USAID’s work to establish rights to property and natural resources for individuals and institutions,” said
Dan Batrack, Tetra Tech’s Chairman and CEO. “Tetra Tech’s land rights practice has worked for more than two decades strengthening land tenure policies to foster climate-resilient communities, sustainable resource management and economic development.”
About Tetra Tech
Tetra Tech is a leading, global provider of consulting and engineering services. We are differentiated by Leading with Science® to provide innovative technical solutions to our clients. We support global commercial and government clients focused on water, environment, infrastructure, resource management, energy, and international development. With 17,000 associates worldwide, Tetra Tech provides clear solutions to complex problems. For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Source: Tetra Tech, Inc.
Tetra Tech, Inc.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
KEYWORDS: Tetra Tech, NASDAQ:TTEK