Mattr CorpTSX: MATR

ShawCor announces contract to provide pipeline coating services for the Rockies Express Pipeline Project

· Issued by Mattr Corp via CNW
(TSX: SCL.A, SCL.B)

TORONTO, July 24 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced
that its subsidiaries, Shaw Pipe Protection Limited and ShawCor Pipe
Protection, LLC, have received a contract from Oregon Steel Mills, Inc. to
provide anti-corrosion and internal flow efficiency coatings for a significant
portion of the Kinder Morgan Rockies Express Pipeline Project, a venture of
Kinder Morgan Energy Partners, Sempra Pipelines and Storage and
ConocoPhillips. Approximately 4.1 million feet (1,230 km) of 42 inch pipe for
the initial phase of this project will be coated with fusion bonded epoxy
(FBE) and SureFlo FEC internal flow efficiency coatings at Shaw Pipe
Protection's Camrose, Alberta facility and ShawCor Pipe Protection's Portland,
Oregon facility. This large diameter 2,682 km pipeline will transmit natural
gas from gas fields in Colorado and Wyoming to consumers in the Midwest and
the Eastern United States.
ShawCor Pipe Protection's Portland facility is under construction
adjacent to Oregon Steel Mill's new large diameter pipe manufacturing
facility, which is currently nearing completion. This new pipe coating plant
is designed to apply FBE on pipe up to 60" in diameter. In addition to FBE,
the facility will apply SureFlo FEC internal flow efficiency coatings that are
used to improve the flow efficiency of natural gas in pipelines.
Shaw Pipe Protections's Camrose facility offers state of the art pipe
coating products including FBE and High Performance Composite Coating (HPCC)
for pipe up to 48" in diameter.

ShawCor Ltd. is a growth-oriented, global energy services company that
operates through six divisions which focus on technology-based products and
services for the pipeline, pipe services, petrochemical and industrial markets
with manufacturing and service facilities located in over twenty countries
worldwide.
Shaw Pipe Protection and ShawCor Pipe Protection are part of Bredero
Shaw, ShawCor's largest division, which is the global leader in pipe coating
solutions and employs approximately 4,000 permanent and contract personnel
located at offices and facilities around the world. The division provides
specialized coating systems and related services for corrosion protection,
insulation and weight coating applications on land and marine pipelines
including highly engineered corrosion and insulation systems for deepwater
applications.

This news release contains forward-looking information within the meaning
of applicable securities laws. Words such as "may", "will", "should",
"anticipate", "plan", "expect", "believe", "predict", "estimate" and similar
terminology are used to identify forward-looking information. It is based on
assumptions, estimates and analysis made in light of the company's experience
and its perception of trends, current conditions and expected developments, as
well as other factors that are believed by the company to be reasonable and
relevant in the circumstances. Forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from those predicted,
expressed or implied by the forward-looking information. The risks and
uncertainties include, among other things, changes in global economic activity
and changes in energy supply and demand which impact on the level of drilling
activity and pipeline construction; political, economic and other risks
arising from international operations; compliance with environmental, trade
and other laws; liability claims; fluctuations in foreign exchange rates and
fluctuations in raw material prices, as well as other risks and uncertainties
that are more fully described in the company's current Annual Information
Form, annual and quarterly reports and in other reports and filings made with
securities regulatory authorities and available at www.sedar.com.