ICF International Awarded US$10 Million Contract with the U.S. Environmental Protection Agency
To Provide OTAQ with Regulatory and Technical Support
Fairfax, Virginia, October 16, 2006 -
ICF International (Nasdaq: ICFI) announced today that it was successful in winning a recompetition award valued at US$10 million over five years with the U.S. Environmental Protection Agency (EPA), Office of Transportation and Air Quality (OTAQ). Under this contract, ICF will continue to provide technical and engineering support to EPA on the regulation of motor vehicles, engines, fuel, and fuel additives, and will help EPA to ensure continued progress in mitigating the air pollution consequences associated with the operation of motor vehicles.
“We are very pleased to have been selected by EPA for this important contract. Since the early 1990s, we have worked diligently to help this part of EPA to develop and assess the effects of its regulatory initiatives. We are honored to know that EPA continues to value our relevant technical and economic services,” says Sergio Ostria, an ICF senior vice president and transportation and environmental analysis expert. “Our integrated understanding of regulatory policy, economics, motor vehicle technologies, fuels, transportation, and air quality issues allows us to provide EPA with technically rigorous analyses that can stand up to the highest levels of scrutiny.”
EPA's transportation and air quality program protects public health and the environment by regulating air pollution from motor vehicles and engines, and the fuels used to operate them, and by encouraging travel choices that minimize emissions. These "mobile sources" include cars and light trucks, large trucks and buses, off-road recreational vehicles (such as dirt bikes and snowmobiles), farm and construction equipment, lawn and garden equipment, marine engines, aircraft, and locomotives. OTAQ has responsibilities under the Clean Air Act (CAA), which include setting emission standards and assessing the cost-effectiveness of current or potential motor vehicle emission control systems.
About ICF International
ICF International (Nasdaq: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 1,800 employees serve these clients worldwide. ICF’s Web site is http://www.icfi.com.
Caution Concerning Forward-looking Statements
This press release may contain forward-looking statements that reflect our current expectations regarding the contract with the U.S. Environmental Protection Agency (EPA), the services we will provide under the contract, and the outcome of the services rendered to EPA. Words such as “will,” “can,” and similar words or phrasing identify forward-looking statements. These statements are not guarantees and involve risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. These risks and uncertainties include, but are not limited to, the fact that funding under the contract is not guaranteed, risks related to the actual performance of services under the contract, risks associated with the satisfaction by the EPA of its requirements under the contract, and the risk that the EPA requests no services or substantially less in services than allowed by the contract. For other factors that could cause ICF International's results to vary from expectations, please see the risks detailed from time to time in our filings with the Securities and Exchange Commission, including in our Registration Statement on Form S-1 under the caption "Risk Factors."