Turnkey Capital (PK) (USOTC:TKCI)
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The Keith Companies, Inc. to Provide Engineering Services for Two
Wind Farm Projects
IRVINE, Calif., Nov. 9 /PRNewswire-FirstCall/ -- The Keith Companies, Inc.
(NASDAQ:TKCI), an engineering and consulting services firm headquartered in
Orange County, California, announced today that its Energy/Industrial Services
(TKC E&I) group will provide engineering services for the design of the
collector system and interconnect substation for two wind farms being built by
PPM Energy, a subsidiary of Scottish Power. Pacific Engineering Corporation,
the Portland, Oregon division office of TKCI is providing electrical, civil and
structural engineering for the 75 MW Klondike II Wind Project in Sherman
County, Oregon and the 100 MW Trimont Wind Project in southwestern Minnesota.
Both projects are expected to be operational by the end of 2005. The capital
expected to be invested in these two projects is approximately $200 million.
The company's Chairman & CEO, Aram Keith, stated, "We have positioned ourselves
solidly to provide quality services to the renewable energy production markets.
PPM's work is a significant indication of the influence of the Production Tax
Credit and its stimulus for this type of work."
Approval of the Production Tax Credit is expected to stimulate the wind energy
development business and may provide opportunities for the Company's Energy &
Industrial Services. In addition to facilities engineering, TKC E&I is
providing interconnect consulting and construction support services to
renewable energy developers in various locations around the United States.
About TKC Energy & Industrial Services
The Keith Companies, Inc. (TKCI) provides total energy & industrial solutions
with a broad base of management services. TKC is a multi-disciplined, full
service engineering and management firm providing industrial and energy project
life-cycle support. TKC supports power, process, LNG/CNG, manufacturing,
pharmaceutical, water and central energy facilities. The company's 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.
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, power/energy engineering, and other industrial
engineering services to design and improve the efficiency and reliability of
automated and manufacturing processes, 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, and processing facilities. For more information
visit the Company's website at http://www.keithco.com/.
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 (especially Brazil), 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 renewable energy projects, client's ability to continue
benefiting from tax incentive programs to facilitate projects, the long-term
sustainability of renewable energy projects, the impact of oil prices on
financial success of alternative energy programs, our ability to attract and
retain employees, the demand for electricity and the impact on power providers'
plans for building or expanding generation facilities, 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, +1-617-520-7064, for The Keith Companies,
Inc.
DATASOURCE: The Keith Companies, Inc.
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, +1-617-520-7064, for The Keith Companies, Inc.
Web site: http://www.keithco.com/
Web site: http://www.ppmenergy.com/