Mar
12
2008

ICF International Awarded New Contract Valued at $42 Million with EPA’s Clean Air Markets Division

Company to Provide Economic Analyses to Support EPA’s Development of Clean Air Act Programs and Climate Change Solutions

 

 

Fairfax, Virginia, March 12, 2008 -

The U.S. Environmental Protection Agency has awarded ICF International (NASDAQ: ICFI) a new five-year contract valued at $42 million to support its Clean Air Markets Division. ICF and its teaming partners will provide expertise in several areas, including climate change, acid rain, mercury deposition, and sector-based energy and air emissions initiatives.

ICF has supported EPA across all major programs for 30 years, including more than 20 years supporting EPA’s air quality programs such as the Acid Rain Program, one of the most successful public policy environmental initiatives.

“ICF places tremendous value in the opportunity to continue supporting EPA’s advancement of innovative approaches to environmental and climate change challenges that are at the core of their mission and program,” said Gayle Kline, an ICF vice president and environmental expert. “This award reaffirms our role as a global leader in bringing best-in-class solutions to energy sector modeling and economic and environmental analysis. We look forward to working with EPA’s Clean Air Markets Division to find creative solutions to the growing challenge of developing environmental programs and policies for increasingly complex energy and environmental markets.”

The EPA’s Clean Air Markets Division develops market-based regulations and establishes emissions trading systems to cost effectively reduce air pollutants. A component of this contract will be modeling and analyses of potential climate change policy in the electric utility sector. ICF will use its well-established power sector modeling tool, the Integrated Planning Model (IPM®), to examine the costs and market impacts of alternative carbon trading policies and programs and the impacts on consumers, businesses, and industry.

 

 

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 3,000 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.

For Immediate Release
Polly Shannon
1.703.934.3144

 
 
 

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