Aegion Corporation Receives Project of the Year Honors for Two Infrastructure Solutions Projects

ST. LOUIS--(BUSINESS WIRE)--

Aegion Corporation ("Aegion" or the "Company") (Nasdaq Global Select Market: AEGN) today announced that Trenchless Technology magazine has recognized two pipeline projects from Aegion's Infrastructure Solutions platform in its 2016 annual awards for top trenchless pipeline construction projects in North America. Aegion's recently acquired Fusible PVC® pipe technology received top honors in the New Installation category while the InsituMain® cured-in-place pipe ("CIPP") technology received Runner-Up honors in the Rehabilitation category.

In the New Installation category, more than 14,000 feet of Fusible PVC® pipe was used in two long distance horizontal directional drill (HDD) casing installations to house 230 kV power transmission lines beneath an environmentally sensitive area for a large southeast utility. Frank Firsching, President of Aegion's Infrastructure Solutions platform, said, "This project set the record for our longest HDD installation of Fusible PVC® pipe to date, and tested the ingenuity of our engineering and operations teams to solve the unique technical and logistical challenges presented by twin 7,000 linear foot crossings under the intercoastal waterway. The successful completion of this project is the latest demonstration of the advantages of Fusible PVC® pipe in long distance HDD projects. It also demonstrates the benefits of non-metallic casings in underground power transmission applications."

Aegion's project that rehabilitated approximately 1,200 feet of a 12-inch pressure pipeline received recognition as Project of the Year Runner-Up in the Rehabilitation category. The next-generation InsituMain® CIPP product infused with specialized glass materials for increased structural stability was used on the project. Completion of the project required working with multiple government entities, general contractors and engineers during the planning phase and included installation during inclement weather in Colorado's Eldorado Canyon State Park.

Charles R. Gordon, President and CEO of Aegion, said, "I am proud our Company has been recognized by Trenchless Technology for these two projects, which demonstrate the versatility of our technologies as well as the expertise of our sales, engineering and operations teams. Aegion acquired Underground Solutions' Fusible PVC® pipe technology to not only strengthen our portfolio of pipeline rehabilitation technologies, primarily in pressure pipe applications, but also to add an experienced and dedicated sales force able to work with customers to promote our entire range of engineered solutions. These projects are examples of our commitment to work with customers to provide the best, long lasting solutions to meet their pipeline needs."

About Aegion AEGN

Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. Since 1971, the Company has played a pioneering role in finding transformational solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities and provides innovative solutions for the strengthening of buildings, bridges and other structures. Aegion is committed to Stronger. Safer. Infrastructure.®

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Company's beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on management's beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words "anticipate," "estimate," "believe," "plan," "intend," "may," "will" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the Securities and Exchange Commission on February 29, 2016, and in the Company's subsequent filed reports on Forms 10-Q and 8-K. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, the Company's actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, the Company does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by the Company from time to time in its filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward looking-statements made by the Company in this news release are qualified by these cautionary statements.

Aegion^®, Insituform®, Fusible PVC® and InsituMain® are the registered trademarks of Aegion Corporation and its affiliates.

(AEGN-GEN)

View source version on businesswire.com: http://www.businesswire.com/news/home/20161026006244/en/