TSX - GAR NISKU, AB, Aug. 24 /CNW/ - Garneau Inc. (GAR:TSX) today announced that the Corporation was recently awarded the large diameter External Coating Contract valued at approximately $9 million dollars for the Access Pipeline Project through Sunstone Projects. Over 650 kilometers of pipe including sizes of 16", 24" and 30" will be coated with Garneau's Fusion Bond Epoxy or Three Layer Side Extrusion products. The Pipeline will run from the Fort McMurray Region to Edmonton, Alberta and is scheduled for installation in the second quarter of 2006. Garneau's multi-coating product lines have ample capacity available to supply the Access Pipeline Project together with our regular production customer requirements. Production will commence during the third quarter of 2005 and will be completed during the second quarter 2006. The Access Pipeline Project coating contract is expected to contribute towards and have a positive impact on the Corporations revenue and profitability for the remainder of 2005 and towards the second quarter 2006. Further large diameter projects will continue to be pursued by Garneau in the future to utilize excess plant capacity. About Garneau Inc. ------------------ Garneau Inc.'s primary business is the application of high performance protective coatings and linings for oil and gas pipeline protection and additionally designs and fabricates oilfield equipment for both domestic and international markets. During more than 30 years of operating experience, Garneau Inc. has developed significant expertise and innovative technology, and has maintained a long-term focus on continuously improving the pipe coating process with cost-effective, quality coatings. A talented and effective management team provides the vision and experience for long-term profitable growth and increasing shareholder value. The company's Website can be accessed at: http://www.garneau-inc.com/ %SEDAR: 00008952E
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