Armtec Infrastructure Awarded Long-term Contract to Supply Infrastructure Products to BC Hydro

Armtec Infrastructure Inc. ("Armtec" or the "Company") (TSX: ARF and ARF.DB) today announced it has been awarded an exclusive long-term contract to supply utility vaults and associated products related to precast underground infrastructure for British Columbia Hydro and Power Authority ("BC Hydro"). The contract, valued at approximately $40 million based on a nine-year period, is fixed for a term of five years with the option to extend the agreement for up to two additional successive periods of two years each. As part of the due diligence associated with this arrangement, Armtec successfully demonstrated both its operational depth and capability, and its financial ability to meet the needs of the client over the long term.

The award bolsters the Company's Construction and Infrastructure Applications (CIA) business volumes and is part of an encouraging trend of new business opportunities being seen in regions across Canada. On the Engineered Solutions (ES) side of the business, new projects are anticipated to add up to another $50 million in bookings in the fourth quarter with improved bidding margins.

The Company's new financing arrangement recently entered into with a Brookfield Asset Management company is an important milestone in the process of deleveraging the balance sheet.  With this financing completed, Armtec's management team is focused on making operational improvements, and increasing profitability.

"We are pleased to have been appointed the exclusive long-term supplier to BC Hydro with our high quality precast underground infrastructure products," said Charles Phillips, President and Chief Executive Officer. "The long-term agreement builds on Armtec's prior relationship with BC Hydro as we continue to provide them a unique level of service to greater enhance their business.  For more than 25 years, we have had a valued working partnership with them and we look forward to expanding this important relationship going forward."

ABOUT ARMTEC INFRASTRUCTURE INC.

Armtec is a leading manufacturer and marketer of a comprehensive range of infrastructure products and engineered construction solutions for customers in a diverse cross-section of industries that are located in every region of Canada, as well as in selected markets globally. These markets include Canada's national and regional public infrastructure markets and private sector markets in agricultural drainage, commercial building, residential construction and natural resources. Operating through its network of regional offices and production facilities across the country, Armtec's broad range of engineered solutions include products for drainage, bridge applications, soil retention, rehabilitation and water management systems including corrugated high-density polyethylene, corrugated steel and concrete pipe; an array of architectural and structural precast and pre-stressed concrete products from steps, paving stones, slabs and wall panels to highly engineered structural components designed and installed for projects such as bridges, sports venues and parking garages; and a full suite of noise barriers, acoustic enclosure and wall systems along with associated retaining wall and traffic barrier systems.

FORWARD-LOOKING STATEMENTS

This news release may contain "forward-looking" statements within the meaning of applicable securities legislation, including with respect to financial flexibility, greater liquidity and operational improvements to restore profitability and future long-term growth, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, events, performance or achievements of Armtec or industry results, to be materially different from any future results, events, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements typically contain such words or phrases as "may", "outlook", "objective", "intend", "estimate", "anticipate", "should", "could", "would", "will", "expect", "believe", "plan" and other similar terminology suggesting future outcomes or events. Forward-looking statements reflect current expectations regarding future results, events, performance and achievements and are based on information currently available to Armtec's management, anticipated operating and financial results of Armtec, and current and anticipated market conditions.

Forward-looking statements involve numerous assumptions and should not be read as guarantees of future results, events, performance or achievements. Such statements will not necessarily be accurate indications of whether or not such future results, events, performance or achievements will be achieved. You should not unduly rely on forward-looking statements as a number of factors, many of which are beyond the control of Armtec, could cause actual results, events, performance or achievements to differ materially from the results, events, performance or achievements discussed in the forward-looking statements, including, but not limited to the factors discussed in Armtec's materials filed with the Canadian securities regulatory authorities from time to time. Although the forward-looking statements contained in this news release are based upon what management of Armtec believes are reasonable assumptions, Armtec cannot assure investors that actual results, events, performance or achievements will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as of the date of this news release and, except as required by applicable law, Armtec assumes no obligation to update or revise them to reflect new events or circumstances.

RISKS AND UNCERTAINTIES

Armtec is subject to certain risks and uncertainties that could have a material adverse effect on Armtec's results of operations, business prospects, financial condition, dividends to shareholders and the trading price of Armtec's shares. These uncertainties and risks include, but are not limited to: industry cyclicality; competition; acquisition and expansion risk; capital and liquidity risk; current economic conditions; reduction in demand for products; information management; credit risk; relationships with suppliers; lack of long-term agreements; expiration of rights under license and distribution arrangements; availability and price volatility of raw materials; product liability; intellectual property; reliance on key personnel; labour markets; environmental; collective bargaining; pension plans; currency fluctuations; interest rates; uninsured and underinsured losses; operating hazards; existing legal proceedings; risk of future legal proceedings; securities laws compliance and corporate governance standards; income tax and other taxes; geographical risk; seasonality and adverse weather; change management and geopolitical. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Armtec Infrastructure Inc. with the securities regulatory authorities, available at www.sedar.com.

Contacts

Charles M. Phillips
President & Chief Executive Officer
Armtec Infrastructure Inc.
Tel: (519) 822-0210
Fax: (519) 822-8894                 James R. Newell
Chief Financial Officer
Armtec Infrastructure Inc.
Tel: (519) 822-0210
Fax: (519) 822-8894                 Carrie Boutcher
Vice President
Investor Relations & Treasurer
Armtec Infrastructure Inc.
Tel: (519) 822-0210
Fax: (519) 822-8894