Gunderson Dedicates Habitat Roof Pilot Project
PORTLAND, Ore., June 1, 2011 /PRNewswire/ -- Commissioner Dan Saltzman presided over the dedication of Gunderson LLC's new Habitat Roof pilot project yesterday morning at its Portland manufacturing site on NW Front Avenue. The 1,000 square foot roof is believed to be the first of its kind in the surrounding industrial area and will be used to study the feasibility of creating habitat value on such roofs. The roof was fabricated and erected by Gunderson employees and received its inspiration from Bureau of Environmental Services activities in this area.
Mark Eitzen , general manager and vice president of Gunderson LLC, said, "We could not have completed the project without guidance from the Ecoroof Program at the Bureau of Environmental Services and the accelerated building permit process facilitated by the Bureau of Development Services, which allowed us to take advantage of the current growing season. Technical assistance was received from the dedicated members of the local Greenroof Info Think-Tank (GRiT). We are excited to help lead the way in measuring habitat value created by such roofs and hope to apply the lessons learned to the 900,000+ square feet of existing roof at Gunderson."
In his dedication presentation, Commissioner Saltzman said, "We are happy that our bureaus could support this positive example of promoting improvement in the environment and supporting business objectives at Gunderson. We hope that we can continue working together to create many more such opportunities at Gunderson and elsewhere at industrial sites."
Gunderson will commence construction on the second phase of the pilot project this summer. The second phase will be approximately 2.5 times larger than the first phase.
About Gunderson LLC
Gunderson, located on a deepwater facility on the Willamette River, currently employs over 700 personnel. The Company recently celebrated its twenty-fifth anniversary under Greenbrier ownership. Gunderson is an active participant in the Working Waterfront Coalition (WWC), an organization of businesses concerned about the environmental health and economic vitality of the Portland harbor.
About The Greenbrier Companies, Inc.
Greenbrier (NYSE: GBX), (www.gbrx.com), headquartered in Lake Oswego, Oregon, is a leading supplier of transportation equipment and services to the railroad industry. Greenbrier builds new railroad freight cars in its three manufacturing facilities in the U.S. and Mexico and marine barges at its U.S. facility. It also repairs and refurbishes freight cars and provides wheels and railcar parts at 37 locations across North America. Greenbrier builds new railroad freight cars and refurbishes freight cars for the European market through both its operations in Poland and various subcontractor facilities throughout Europe. Greenbrier owns approximately 9,000 railcars, and performs management services for approximately 216,000 railcars.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This release may contain forward-looking statements, including statements regarding the Company's anticipated use of proceeds from its convertible notes offering, expected new railcar production volumes and schedules, expected customer demand for the Company's products and services, plans to increase manufacturing capacity, new railcar delivery volumes and schedules, growth in demand for the Company's railcar services and parts business, and the Company's future financial performance. Greenbrier uses words such as "anticipates," "believes," "forecast," "potential," "contemplates," "expects," "intends," "plans," "seeks," "estimates," "could," "would," "will," "may," "can," and similar expressions to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from in the results contemplated by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, reported backlog is not indicative of our financial results; turmoil in the credit markets and financial services industry; high levels of indebtedness and compliance with the terms of our indebtedness; write-downs of goodwill, intangibles and other assets in future periods; sufficient availability of borrowing capacity; fluctuations in demand for newly manufactured railcars or failure to obtain orders as anticipated in developing forecasts; loss of one or more significant customers; customer payment defaults or related issues; actual future costs and the availability of materials and a trained workforce; failure to design or manufacture new products or technologies or to achieve certification or market acceptance of new products or technologies; steel or specialty component price fluctuations and availability and scrap surcharges; changes in product mix and the mix between segments; labor disputes, energy shortages or operating difficulties that might disrupt manufacturing operations or the flow of cargo; production difficulties and product delivery delays as a result of, among other matters, changing technologies or non-performance of subcontractors or suppliers; ability to obtain suitable contracts for the sale of leased equipment and risks related to car hire and residual values; difficulties associated with governmental regulation, including environmental liabilities; integration of current or future acquisitions; succession planning; all as may be discussed in more detail under the headings "Risk Factors" and "Forward Looking Statements" in our Annual Report on Form 10-K for the fiscal year ended August 31, 2010 and in our Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 2011, and our other reports on file with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof. Except as otherwise required by law, we do not assume any obligation to update any forward-looking statements.
SOURCE The Greenbrier Companies, Inc. (GBX)
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