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California High-Speed Rail Authority Selects Atlas and Its JV Partners for $400 Million Program Management Contract

<strong>California High-Speed Rail Authority Selects Atlas and Its JV Partners for $400 Million Program Management Contract</strong>

Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading Infrastructure and Environmental solutions provider, announced today that it is a member of the joint venture team that was selected to provide program delivery support for the California High-Speed Rail project. The joint venture, led by AECOM, includes Atlas, other partners and 26 small businesses, disadvantaged business enterprises, and disabled veteran business enterprise firms. The $400 million contract awarded by the California High Speed Rail Authority has a term of four years, with two, one-year extension options. Atlas will book approximately $65 million in fourth quarter 2022 backlog with work expected to begin immediately.

“We are extremely proud to be part of the AECOM-led joint venture and look forward to implementing a best-in-class quality management system for the California High-Speed Rail project, which will help California lead the nation in building world-class infrastructure and combat climate change,” said L. Joe Boyer, Atlas’ Chief Executive Officer. “This win highlights the success we have had in expanding our technical capabilities and scale through acquisitions, enabling us to partner with our clients and communities nationally to transform the way mega-infrastructure projects are delivered.”

As part of the joint venture team, Atlas will develop and implement a quality management system that assures plans, processes, and actions of this world-class transportation program are executed in an interconnected, unified, and mutually beneficial manner while ensuring compliance with internal and external requirements.

The California High-Speed Rail project is the first of its kind in the United States. It will transform how people commute and travel, spur economic growth, and promote a cleaner environment by connecting NorCal to SoCal via reliable rail. There are currently 119 miles of rail line under construction and 52 miles under advanced design in the Central Valley with service expected to begin by the end of the decade. Through disciplined environmental initiatives that outline land preservation measures, recycling programs, and renewable energy investment, the project will ensure the protection of natural resources at every step; per year, California High-Speed Rail operations are projected to generate greenhouse gas emissions savings of roughly two million metric tons in carbon dioxide equivalent.