IRVING, Texas–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) announced today that Lone Star Constructors, its joint venture with Austin Bridge & Road, has been granted final notice-to-proceed by the Texas Department of Transportation (TxDOT) that releases the full contract value and positions the venture for construction to begin on Phase 2 in summer of 2022 for the Interstate 35E (I-35E) project from Interstate 635 in Dallas to the Denton County line in Carrollton, Texas. The Fluor-led team was initially awarded the contract for this project in July 2021. Fluor booked its share of the approximately $640 million contract value in the third quarter of 2021.

“This project is part of TxDOT’s long-term plan to meet current and future travel demands by improving overall mobility, operational efficiency, accessibility, safety and emergency response,” said Thomas Nilsson, president of Fluor’s Infrastructure business. “When completed, this project will help alleviate traffic congestion to the surrounding communities and improve connectivity for all people in the Dallas metroplex.”

The 6.3-mile design-build project includes full reconstruction and expansion of six existing lanes to eight with new auxiliary lanes at entrance and exit ramps, along with the reconstruction of frontage roads along the corridor. Two existing reversible toll lanes will also be reconstructed.

The project’s anticipated completion is early 2026.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $12.4 billion in 2021 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#infra

Contacts

Brian Mershon

Media Relations

469.398.7621

Jason Landkamer

Investor Relations

469.398.7222

CARPINTERIA, Calif.–(BUSINESS WIRE)–Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today released the results of its 2022 Customer Return On Invest (ROI) report. The report explores how the Procore platform is helping customers tackle the most daunting challenges in the industry, including sustainability, safety and the labor shortage by analyzing responses from 2,600+ customers across North and South America, Asia and Europe.

Key takeaways include:

• Building Scalable Businesses: Customer respondents state that using Procore enables their project teams to manage 48 percent more construction volume per person, on average.
• Reduced Rework: 75 percent of respondents agree Procore has helped reduce the amount of rework.
• Improved Efficiency: Customer respondents reported saving an average of 15 days on the overall schedule on a typical project.
• Safer Jobsites: 79 percent of customer respondents that use Quality and Safety agree Procore has improved their company’s safety programs.

Rising material costs and supply chain issues, labor shortages, slimming margins, continued project delays, increasing carbon emissions due to rework and waste and the need for more sustainable solutions are just a few obstacles the industry is facing and will continue to face in the years to come.

“We are proud to partner with the construction industry to help them do what they do best; build, maintain and power the places where we live, learn, work and play,” said Tooey Courtemanche, Founder & CEO of Procore. “Each year, our annual ROI report helps industry leaders and construction professionals gain insights into how their peers are leveraging construction tech to grow their businesses. This annual survey and report is one of the many avenues through which we get continuous feedback and work to improve the lives of everyone in our industry through our offerings.”

Key takeaways and supporting customer responses can be found below:

Building Scalable Businesses: Customer respondents believe using Procore enables their project teams to manage on average 48 percent more construction volume per person.

“If we didn’t have Procore, we wouldn’t be able to handle the many projects we have in our pipeline. Procore removes the tedious time-wasters like filling out reports and spreadsheets, giving us time to do other things, like going after more work.” – Marc Vicano, Project Manager, Vicano, General Contractor, Canada

Reduced Rework: 75 percent of customer respondents agree Procore has helped reduce the amount of rework taking place on their projects which leads to less carbon waste, more efficiency and delivering more projects on-time and on-budget.

“Implementing Procore has streamlined five systems into one central platform. We have gained new levels of automation and 100 percent visibility into projects, which lets us focus on enhancing our quality and compliance. Our next phase of implementation will see us introduce our subcontractors into Procore for better efficiency and productivity outcomes.” – Sebastian Jonsson, Director, Greenway, Specialty Contractor, New Zealand

Improved Efficiency: Customer respondents reported saving an average of 15 days on the overall schedule on a typical project.

“Procore saves me at least two hours every week. In the past, I’d spend the first two hours of my day truing-up items in the different systems. Now, all that’s taken care of for me in a few clicks. We’re talking about a total of 30 seconds.” – Gabriel Gutierrez, Financial Controller, Dolan Concrete, Specialty Contractor, United States

Safer Jobsites: 79 percent of customer respondents that use Quality and Safety agree Procore has improved their company’s safety program.

“With Procore, all health and safety issues or areas for improvement are rectified quicker and faster. Communication on health and safety issues has improved which makes sites safer and makes me happy.” – Kamil Kotowski, Head of Health and Safety, Kenham, General Contractor, United Kingdom

Procore’s sole focus is construction, from preconstruction to closeout, the Procore platform is purpose-built and developed to meet the needs of the construction industry. Continually recognized with top honors by leading user review sites such as G2, the Procore platform helps customers produce more value, deliver better project outcomes, and develop stronger, safer, and more productive teams.

To discover the tools that are driving results for construction leaders across the globe, download the Procore 2022 ROI Report today.

About Procore

Procore is a leading global provider of construction management software. Over one million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe. Learn more at Procore.com.

PROCORE-IR

Contacts

Media Contact
Andee Brooker

press@procore.com

Investor Contact
Matthew Puljiz

ir@procore.com

TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has entered the college and university student housing market with the first installation of its SmartSuite® technology.

“We continue to seek to expand into new market verticals such as the growing student housing market,” said Paul Ghezzi, CEO of Kontrol Technologies. “Our SmartSuite® technology is designed to provide building automation and in-suite control over heating, cooling and ventilation through a unified, cloud-based solution. By consolidating the management of each suite and building to one platform, our products are designed to enable our customers across various sectors to drive energy savings and reduce emissions to improve the performance of their buildings.”

How SmartSuite® Technology Operates

Designed for the commercial, multi-residential and hospitality building sectors and driven by the move to smart buildings and smart cities, the SmartSuite® thermostat and cloud technology is designed to deliver energy savings, corresponding GHG emission reductions and a unified platform to manage all suites and buildings from the cloud.

The SmartSuite® capabilities include:

• Real-time energy management and conversation
• Data management, analytics and trending analysis
• Multiple user interfaces
• Integrated with window and door sensors
• Ability to communicate with utilities for demand response

The first SmartSuite® installation is for a student housing REIT which operates across Canada and manages and develops purpose-built rental housing for the university and college student housing market.

According to Cushman & Wakefield, total university-owned (on-campus) and privately-owned (off-campus) housing provide about 145,000 beds in these markets, which represents about 15% of total full-time students. Of this total, about 45,000 beds are located in privately-owned, off-campus student residences.¹

According to the National Multi-Family Housing Association Council (NMHC), there are 8.6 million student beds in the U.S., which will grow to 9.2 million by 2031.²

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

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Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: potential benefits of the Company’s products for its customers and potential customers; the growth of the student housing market; the future success of any of Kontrol’s products; and customer demand relating to energy management.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that future products of the Company can be installed as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; that the anticipated performance of the installation of and energy saving and emission reduction relating to the SmartSuite will go as planned for the college and university student market; and that demand will continue for energy management products and for the Company’s products in particular.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not be as accepting of the Company’s product and service offerings as expected and/or that demand for such products and services will not continue; that Kontrol SmartSuite will not be replicated in the future; that the markets the Company participates in will not expand as currently anticipated; and that the Company will not maintain its existing relationships or contracts on the same terms or at all.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

¹ https://www.cushmanwakefield.com/en/canada/insights/canadian-student-housing-outlook
² www.nmhc.org/news/press-release/2021/student-housing-demand-will-remain-strong-but-will-be-more-diverse-and-focused-on-affordability/

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8

Tel: (905) 766.0400

Investor Relations:

Brooks Hamilton

MZ Group – MZ North America

KNRLF@mzgroup.us
Tel: +1 (949) 546.6326