Stantec: The firm will provide technical and engineering support for the agency’s Risk MAP program as part of a joint venture – Form 6-K

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The company will provide technical and engineering support for the agency’s Risk MAP program as part of a joint venture

EDMONTON, Alberta and NEW YORK, November 16, 2021 (GLOBE NEWSWIRE) – TSX, NYSE: STN

The leading global design company Stantec, under the Strategic Alliance for Risk Reduction II (STARR II), has been selected by FEMA to provide engineering and technical services for the National Insurance Program against flooding as part of a five-year indefinite delivery / indefinite quantity contract worth up to US $ 300 million. STARR II will support the agency’s risk mapping, assessment and planning (Risk MAP) program in FEMA Regions 8, 9, and 10, which include 12 Midwestern and Western states, as well as the Alaska, Hawaii, Guam and the Northern Mariana Islands. .

Stantec, along with STARR II partners Atkins and Dewberry, have supported FEMA’s Risk MAP program since 2009. Projects under this architecture and engineering contract will include regional flood risk modeling, floodplain mapping and flood management services with the mission of increasing risk awareness and inspiring communities to take mitigation actions to reduce risks to life and property. The goal is to increase the resilience of the community to better resist, adapt and recover from future disasters.

“It is an honor to continue our decades of work with FEMA in its mission to help protect the nation from disasters, especially as it is increasingly urgent to better equip our communities against the impacts. climate change, ”said Mike Anderson, vice president and FEMA program manager at Stantec. “Building on the success of our program with our joint venture partners, we are strongly focused on the unified goal of providing the essential tools and information that will better empower communities in resilience improvement and strategies. adaptation to ultimately help protect lives. ”

The Risk MAP program supports communities by providing credible and quality flood data, building partnerships and informing long-term risk mitigation planning to build resilience. Risk MAP’s flood risk products provide information that enhances the development of risk mitigation and risk-based mitigation strategies.

For more than 40 years, Stantec has supported FEMA’s efforts to analyze and mitigate flood risk nationwide, providing engineering and mapping services to support the National Flood Insurance Program. . As part of its support to FEMA’s Risk MAP program, the company has conducted flood studies spanning more than 150,000 river and coastal miles, developing regulatory and other communication products on flood risk in the United States. nationwide. These efforts have also included providing the latest probabilistic modeling approaches to better inform risk-based insurance and graduated product pricing decisions.

About Stantec

Communities are fundamental. Whether it’s around the corner or across the world, they provide a base, a sense of belonging and belonging. That’s why at Stantec, we design with the community in mind.

We care about the communities we serve because they are also our communities. It allows us to assess what is needed and connect our expertise, appreciate the nuances and envision what has never been considered, bring together diverse perspectives so that we can collaborate towards common success.

We are designers, engineers, scientists and project managers, innovating together at the intersection of community, creativity and customer relationships. Balancing these priorities results in projects that improve the quality of life in communities around the world.

Stantec trades on the TSX and NYSE under the symbol STN. Visit us on stantec.com or find us on social media.

Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding the projects described above. Forward-looking statements also include any other statement that does not refer to historical facts. By their nature, forward-looking statements are based on assumptions and are subject to inherent risks and uncertainties. There is a risk that the projects described above will be delayed, canceled, suspended or terminated. This could cause a material difference between future results and the forward-looking statements contained in this press release. Except as required by law, Stantec assumes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided here for the purpose of providing information about the projects mentioned above and their expected impact. Readers are cautioned that this information may not be appropriate for other purposes.

Media contact Investor Relations Contact

Danny craig

Tom mcmillan

Stantec Media Relations

Stantec Investor Relations

Phone (949) 632-6319

Phone (780) 917-8159

[email protected]

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Disclaimer

Stantec inc. published this content on November 16, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 16, 2021 12:06:07 PM UTC.


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