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Fortress International Group, Inc. (NASDAQ:FIGI - News) ("Fortress," or the "Company"), a leading provider of consulting and engineering, construction management and 24/7/365 site services for mission-critical facilities, today announced that it has been awarded six contracts totaling approximately $39.4 million spanning all three of its divisions -- technology consulting, construction management and facilities management. Including the new project awards, Fortress International has closed $46.5 million in new business since the end of the second quarter.
The bulk of the contract awards come from four significant design and construction projects for two of Fortress International's co-location customers totaling $36.4 million. Revenue related to these projects will span over the next eight months with projects located in Chicago, Toronto and Atlanta.
In addition, Fortress' technology consulting division has been selected to be part of the professional services team to assist the U.S. Social Security Administration to develop and design their new data center in Baltimore. The initial contract with Fortress is for $300,000, however due to the size and complexity of the project, Fortress believes that its involvement will evolve from this initial contract.
Fortress was also awarded a $2.7 million facility management contract over a three year period to commission and service multiple containerized data center modules.
"Our private sector project wins are the direct result of the credit markets opening up in our sector," said Chief Executive Officer Thomas P. Rosato. "Capital spending has been very slow since October of 2008. We are now beginning to see our capacity-constrained data center customers executing their facilities expansion plans to meet pent up demand. The credit markets are responding favorably to this segment and we expect to see increased project spending over the next few quarters." About Fortress International Group, Inc.: Fortress International Group, Inc. is leading mission-critical facilities into a new era of maximum uptime and efficiency. By combining the knowledge and experience of Total Site Solutions and Rubicon Professional Services, two experts in critical facilities infrastructure, Fortress International provides consulting and engineering, construction management and 24/7/365 site services for the world's most technology dependent organizations. Serving as a trusted advisor, Fortress delivers the strategic guidance and pre-planning that makes every stage of the critical facility lifecycle more efficient. For those who own, lease or manage mission-critical facilities, Fortress provides innovative end-to-end capital management, energy, IT strategy, procurement, design, construction, implementation and operations solutions that optimize performance and reduce cost.
Fortress International Group, Inc. -- setting a new standard for the optimized critical facility.
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