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Shimmick Announces New Contracts in California and Washington

1. Shimmick awarded $78 million for Santa Monica and Renton projects. 2. Santa Monica project enhances access to historic pier before 2028 Olympics. 3. Renton Transit Center improves regional mobility and sustainability. 4. CEO emphasizes expertise in infrastructure and community value. 5. Contracts signal strong growth potential for Shimmick in West Coast markets.

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Why Bullish?

The new contracts represent significant revenue opportunities, projected at $78 million. Historical contracts of similar nature have positively influenced stock performance in the past.

How important is it?

The article highlights major contract wins that are crucial for SHIM's growth trajectory and public perception. It is significant given the economic implications of successful project execution.

Why Long Term?

The projects are long-term, lasting over two years and likely to boost future earnings. Positive impacts from enhanced reputation may outlast immediate contract durations.

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SPYXLICINF
Approximately $78 million in new contracts for the iconic Santa Monica Pier and Renton Transit Center highlight Shimmick’s expertise and West Coast growth September 16, 2025 08:30 ET  | Source: Shimmick Corporation IRVINE, Calif., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, has been selected for award on two new contracts that highlight its expertise in delivering critical transportation projects: the Santa Monica Pier Bridge Replacement Project in California and the Renton Transit Center Project in Washington. Together, these projects reinforce Shimmick’s leadership in building resilient, sustainable infrastructure that enhances community mobility, safeguards historic landmarks, and supports regional growth ahead of global events like the 2028 Los Angeles Summer Olympics. “These two projects reflect the breadth of Shimmick’s expertise — from preserving access to one of the nation’s most iconic landmarks to building modern transit systems that support sustainable mobility,” said Ural Yal, CEO of Shimmick. “We are honored to partner with the City of Santa Monica for the first time and with Sound Transit again to deliver projects that not only improve safety and connectivity but also create lasting value for communities.” Santa Monica Pier Bridge Replacement Shimmick was selected for the $29.6 million Santa Monica Pier Bridge Replacement Project, which will replace the 85-year-old Colorado Avenue Bridge — the only vehicular and pedestrian access point to the iconic Santa Monica Pier. Shimmick will construct a new bridge, demolish the old one, enhance pedestrian access, and restore the historic Santa Monica Pier Arched Neon Sign while safeguarding historic assets. Work is expected to begin in the last quarter of 2025 and will take 22 months, with completion scheduled before the Los Angeles 2028 Summer Olympics. Renton Transit Center This $48.2 million contract by Sound Transit is for the Renton Transit Center and Roadway Improvements project in Renton, Washington. The project encompasses the construction of a state-of-the-art transit center designed to support the Puget Sound region’s growing mobility needs, including a new bus bay island with capacity for eight active bays and a custom steel canopy structure, infrastructure development for a Battery Electric Bus (BEB) equipment yard to advance sustainable transit, and roadway improvements to create a dedicated bus-only lane. This investment is expected to significantly improve commuter mobility, reduce congestion, and advance Sound Transit’s long-term sustainability goals. About ShimmickShimmick (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit shimmick.com. Investor Relations:IR@shimmick.com 1-949-704-2350 Media Contact:Tonya Sandmantonya.sandman@shimmick.com

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