ICF International Awarded EPA Contract Valued Up to $37 Million
Firm to Support Agency Efforts to Assess and Address Global Climate Change
Fairfax, Virginia, July 23, 2007 -
ICF International (NASDAQ: ICFI) today announced it won a new Indefinite Delivery/Indefinite Quantity contract with the U.S. Environmental Protection Agency (EPA) valued up to US$37 million over five years. Under the multiple-award contract, ICF will provide technical and outreach support services to the EPA for domestic and global climate change initiatives. This contract replaces two smaller ICF contracts. The capacity of this contract is nearly double the amount of the work done under the prior contracts. The company was awarded the contract vehicle through its subsidiary, ICF Incorporated, LLC.
“Interest in climate change has soared recently in the United States, and we expect EPA’s policies and programs to expand and evolve rapidly over the next five years,” said Randall Freed, an ICF senior vice president and climate change expert. “With increased interest in controlling the emissions of greenhouse gases, ICF International is poised to help EPA tackle this global challenge by offering expertise in the deployment of clean technologies across all sources and sinks of these gases.”
“U.S. involvement with international programs will become increasingly important, and we can offer lessons for domestic policy that we’ve learned through our project work for clients in Europe, Canada, and other countries that have developed climate change policies,” said Diana Pape, an ICF vice president and expert in greenhouse gas mitigation.
ICF has supported the EPA on climate change issues continuously since 1981. In addition to this contract, the firm holds five other large prime contracts with the agency on the full range of climate change issues. Additionally, the firm has more than 230 staff working on these issues in support of the following clients:
- National governments in more than 50 countries, including the United States, United Kingdom, Ireland, Canada, Russia, and Ukraine;
- Financial institutions in the United States and Europe, as well as development banks;
- Leading companies, including more than 60 of the Financial Times’ FT Global 500 and low-carbon technology suppliers.
About ICF International
ICF International (NASDAQ: ICFI) partners with government and commercial clients to deliver consulting services and technology solutions in the energy, climate change, environment, transportation, social programs, health, defense, and emergency management 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 2,500 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
Caution Concerning Forward-looking Statements
This document may contain “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995—that is, statements related to future—not past—events, plans, and prospects. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “guidance,” “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” “would,” or similar words. You should read statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information, and are subject to factors that could cause actual results to differ materially from those anticipated. For ICF, particular uncertainties that could adversely or positively affect the Company’s future results include but are not limited to: risks related to the government contracting industry, including the timely approval of government budgets, changes in client spending priorities, and the results of government audits and investigations; risks related to our business, including our dependence on contracts with U.S. Federal Government agencies and departments and the State of Louisiana; continued good relations with these and other customers; success in competitive bidding on recompete and new contracts; performance by ICF and its subcontractors under our contract with the State of Louisiana, Office of Community Development, including but not limited to the risks of failure to achieve certain levels of program activities, termination, or material modification of the contract, and political uncertainties relating to The Road Home program; uncertainties as to whether revenues corresponding to the Company’s contract backlog will actually be received; the future of the energy sector of the global economy; our ability to attract and retain management and staff; strategic actions, including attempts to expand our service offerings and client base, the ability to make acquisitions, and the performance and future integration of acquired businesses; risks associated with operations outside the United States, including but not limited to international, regional, and national economic conditions, including the effects of terrorist activities, war, and currency fluctuations; and other risks and uncertainties disclosed in the Company’s filings with the Securities and Exchange Commission. These uncertainties may cause ICF’s actual future results to be materially different than those expressed in the Company’s forward-looking statements. ICF does not undertake to update its forward-looking statements.