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MEG Montrose Environmental Group Inc

38.455
0.115 (0.30%)
Last Updated: 18:23:47
Delayed by 15 minutes
Share Name Share Symbol Market Type
Montrose Environmental Group Inc NYSE:MEG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.115 0.30% 38.455 39.05 38.21 38.55 162,525 18:23:47

Montrose Environmental Group Implements Proprietary Technology to Address Colorado Air Monitoring Regulations

16/07/2024 12:00pm

PR Newswire (US)


Montrose Environmental (NYSE:MEG)
Intraday Stock Chart


Tuesday 16 July 2024

Click Here for more Montrose Environmental Charts.

LITTLE ROCK, Ark., July 16, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a high-growth global environmental solutions company, today shared insight into the use of their proprietary technology to address air monitoring regulations in Colorado.

Print (PRNewsfoto/Montrose Environmental Group, Inc.)

On June 24, 2021, Colorado Gov. Jared Polis signed HB21-1189 into law, requiring covered facilities to conduct real-time air monitoring, including fenceline and community monitoring, for three covered air toxics: benzene, hydrogen sulfide and hydrogen cyanide. The law requires facilities to implement optical remote sensing or other monitoring technology with the capability to provide real-time spatial and temporal data that quantifies and qualifies emissions. HB21-1189 also stipulates that all collected real-time data must be publicly available.

Montrose partnered with two of the four affected facilities in Colorado to install and operate a fenceline air monitoring program, including the development of a monitoring plan, to satisfy the requirements of HB21-1189, the Colorado Air Pollution Control Division (APCD) and the EPA's general project plan specifications. Key components of the program included:

  • Procuring and installing a fenceline monitoring system;
  • Building and launching a public-facing website, in both English and Spanish, utilizing Montrose's Sensible EDP™ software; and
  • Leveraging expert toxicologists from Montrose's readiness, response and recovery division, CTEH, to review data and educate the community on health-based action thresholds.

"HB21-1189 aims to protect communities by improving the quality and quantity of publicly available emissions data," said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group. "Montrose's air monitoring solution continuously monitors critical compounds at facilities, disseminates the information in partnership with industry to the public and includes community health-based thresholds to enhance community awareness of air quality safety levels. This comprehensive approach supports communities and facilities coexisting in a safe and environmentally conscious way, not just in Colorado, but across the United States."

Key outcomes of the air monitoring program include:

  • A public facing website that allows community members to see the facilities' fenceline monitoring data, measured at a five-minute resolution, in near real-time; and
  • A public alert system via reverse 911 if pollutant concentrations exceed the defined monitoring thresholds.

Implementation of the Company's proprietary software paired with health exposure and toxicology experts enables facilities to disseminate information about critical compounds to communities and comply with regulations.

About Montrose

Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what's coming tomorrow. With ~3200 employees across 100+ locations worldwide, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling Montrose to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.

Forward‐Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2023, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.

Contacts

Montrose
 Investor Relations:
 Rodny Nacier
 (949) 988-3383
 ir@montrose-env.com

Media Relations:
 Sarah Kaiser
 (225) 955-1702
 pr@montrose-env.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/montrose-environmental-group-implements-proprietary-technology-to-address-colorado-air-monitoring-regulations-302197644.html

SOURCE Montrose Environmental Group, Inc.

Copyright 2024 PR Newswire

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