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Company Also Announces New Acting Managing Director of European Operations
London, United Kingdom,
August 27, 2007 - ICF International (NASDAQ: ICFI) announced today it won two new contracts with a value of up to €4.5 million under the European Commission’s Technical Aid to the Commonwealth of Independent States (TACIS) program.
The first contract, with a €2 million ceiling over two years, is to advise the Russian Federation government on a range of renewable energy issues, including regulatory and economic incentives and tariff policy. Under the second contract for up to €2.5 million over 30 months, ICF is part of a consortium led by Euroconsult Mott MacDonald that supports the steppe ecosystem restoration and conservation in Ukraine, Russia, and Moldova. The contracts were awarded through the company’s subsidiary, ICF Consulting Limited.
The company also announced the appointment of John Blaney to acting managing director of its London office that oversees the company’s European activities. Mr. Blaney is an energy/environment economist with more than 25 years of experience in environmental policy analysis, air emissions compliance strategies, and electric power market modeling and analysis.
“Our work on this EU-Russia cooperation program is an exciting opportunity for ICF to apply our in-depth expertise and innovative techniques to help shape sound environmental policy and improve the quality of life around the world,” Mr. Blaney said. “We value the commission’s vote of confidence in our ability to support the program in this important work.”
“The European Commission has clearly stated its intention to support Russia and other Newly Independent States in their efforts to expand the use of renewable energy sources, protect biodiversity, and reduce greenhouse gas emissions,” said Alexei Sankovski, Ph.D., an ICF principal in the London office. “These efforts will help reduce local and global atmospheric pollution, improve the national energy security, and increase sustainable land use in steppe, wetland, and forest-steppe ecosystems.”
The project is implemented by ICF International and funded by the European Union. The European Union is made up of 27 Member States who have decided to gradually link together their know-how, resources, and destinies. Together, during a period of enlargement of 50 years, they have built a zone of stability, democracy, and sustainable development whilst maintaining cultural diversity, tolerance, and individual freedoms. The European Union is committed to sharing its achievements and its values with countries and peoples beyond its borders.
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.
For Immediate Release UK Contact: John Blaney 44.20.7092.3005
US Contact: Polly Shannon 1.703.934.3144
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.
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