TRC Acquires Air Emissions Testing Business From GE

TRC Acquires Air Emissions Testing Business From GE 
Acquisition Strengthens TRC's Position in Air Emissions Testing
Market 
LOWELL, MA -- (Marketwire) -- 01/22/13 --  TRC Companies, Inc. (NYSE:
TRR), a recognized leader in engineering, consulting and construction
management services to the energy, environmental and infrastructure
markets, today announced that it has acquired the assets of GE's Air
Emissions Testing business. As part of the transaction, TRC has also
entered into a three-year master service agreement with GE Power &
Water. GE's Air Emissions Testing business generated annual revenue
of approximately $12 million. 
"The air testing business remains a core element in TRC's offerings
and has been since our founding more than four decades ago," said TRC
Chairman and Chief Executive Officer Chris Vincze. "The air emissions
testing market is estimated at $500 million annually. This
acquisition furthers our strategy of building strength in the most
promising areas of our Energy and Environmental businesses." 
"With approximately 55 employees, GE's Air Emissions Testing business
will bring significant technical expertise to TRC," said TRC's
National Air Measurements Practice Leader Jeffrey Burdette. "Equally
as important, this transaction substantially expands our footprint in
the Midwest and Southeast. GE's Air Emissions Testing business also
brings a number of key client accounts to TRC, including GE Power &
Water." 
Bruce Randall, GE's Air Emissions Testing Product Leader who is part
of the team joining TRC, said, "We are enthusiastic about joining TRC
and look forward to offering superior service to our clients through
our combined organizations." 
About TRC
 A pioneer in groundbreaking scientific and engineering
developments since the 1960s, TRC is a national engineering,
consulting and construction management firm that provides integrated
services to the energy, environmental and infrastructure markets. TRC
serves a broad range of clients in government and industry,
implementing complex projects from initial concept to delivery and
operation. TRC delivers results that enable clients to achieve
success in a complex and changing world. For more information and
updates from the Company, visit TRC's website at www.TRCsolutions.com
and foll
ow TRC on Twitter at @TRC_Companies and on LinkedIn. 
Forward-Looking Statements
 Certain statements in this press release
may be forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. You can identify these statements by
forward-looking words such as "may," "expects," "plans,"
"anticipates," "believes," "estimates," or other words of similar
import. You should consider statements that contain these words
carefully because they discuss TRC's future expectations, contain
projections of the Company's future results of operations or of its
financial condition, or state other "forward-looking" information.
TRC believes that it is important to communicate its future
expectations to its investors. However, there may be events in the
future that the Company is not able to accurately predict or control
and that may cause its actual results to differ materially from the
expectations described in its forward-looking statements. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties, and actual results may differ materially from those
discussed as a result of various factors, including, but not limited
to, the uncertainty of TRC's operational and growth strategies;
circumstances which could create large cash outflows, such as
contract losses, litigation, uncollectible receivables and income tax
assessments; regulatory uncertainty; the availability of funding for
government projects; the level of demand for TRC's services; product
acceptance; industry-wide competitive factors; the ability to
continue to attract and retain highly skilled and qualified
personnel; the availability and adequacy of insurance; and general
political or economic conditions. Furthermore, market trends are
subject to changes, which could adversely affect future results. See
the risk factors and additional discussion in TRC's Annual Report on
Form 10-K for the fiscal year ended June 30, 2012, Quarterly Reports
on Form 10-Q, and other factors detailed from time to time in the
Company's other filings with the Securities and Exchange Commission. 
Company Contacts: 
Angela Cincotta 
(978) 656-3594
acincotta@trcsolutions.com 
Catherine Stanley 
(978) 656-3538
cstanley@trcsolutions.com  
Investor Contact:
Sharon Merrill Associates
(617) 542-5300
trr@investorrelations.com 
 
 
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