Bird Construction Inc. Signed On As Strategic Delivery Partner For Canadian Nuclear Laboratories

MISSISSAUGA, ON, Nov. 1, 2022 /CNW/ - Bird Construction Inc. (TSX: BDT) announced today that it has signed two strategic delivery partnership agreements with Canadian Nuclear Laboratories (CNL). Bird Construction Inc. and the Bird-Chandos CDP Joint Venture have formalized partnership agreements to provide construction capabilities and capacity to support the delivery of CNL's corporate strategy.

The majority of the work to be completed is construction-oriented and includes work under CNL's existing $1.2 billion 10-year capital program, construction of at least six major facilities representing over $2 billion, and a newly commenced multi-billion-dollar work program which includes infrastructure upgrades and ongoing environmental remediation and restoration activities as part of the Port Hope Area Initiative.

As a strategic delivery partner, Bird will also support CNL in achievement of broader organizational objectives including sustainability, improved engagement with Indigenous Peoples, and economic development through local employment opportunities and the use of local suppliers.

"We are very pleased to be recognized by CNL as a key partner and proud to support their position as a world leader in the development of innovative nuclear science and technology products and services," said Teri McKibbon, President and CEO of Bird. "The collaborative nature of this long-term partnership supports high-performance and efficient project execution. It upholds Bird's strategy of diversification and delivery of strong results for the long-term."

This press release contains forward-looking information (as defined in applicable Canadian securities legislation) that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: [phone]

About Bird Construction
 Bird (TSX: BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada's major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure including, electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

SOURCE Bird Construction Inc.