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Insituform Technologies, Inc. Closes Acquisition of Hockway Limited and Hockway Middle East

Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) (“Insituform” or the “Company”) today announced the closing of its acquisition of the business and assets of Hockway Limited, based in the United Kingdom, and the capital stock of Hockway Middle East FZC, based in the United Arab Emirates (collectively, “Hockway”). The cash purchase price of $4.6 million payable at closing was funded from the Company’s cash balances. Hockway shareholders also may be paid up to an additional $1.5 million upon achievement of certain performance targets during the three-year period ending December 31, 2013.

Hockway was established in the United Kingdom in 1975 to service the cathodic protection needs of oil and gas operators in the Middle East. In 2009, Hockway established operations in Dubai, United Arab Emirates. Hockway provides both onshore and offshore cathodic protection services in addition to manufacturing a wide array of cathodic protection equipment, including its industry leading ATEX certified power supplies. For 2010, Hockway had total revenues of approximately $10.0 million and EBITDA of approximately $0.9 million.

Dorwin Hawn, Insituform Senior Vice President, Energy and Mining, said, “Our acquisition of Hockway, along with our recently completed acquisition of CRTS, Inc., expands Insituform’s Energy and Mining business, particularly with respect to the Middle East. Hockway’s operation in the United Kingdom provides significant synergies with Corrpro Companies’ operation in the United Kingdom. Hockway’s Middle East operation should accelerate Corrpro Companies’ growth in the region. We believe that the expanded product and service offering of our Energy and Mining group uniquely positions the Company to serve the energy and mining industries.”

Alistair Ketner, Chief Executive Officer of Hockway, said, “Hockway is excited about the opportunity this relationship represents, including the opportunity to offer complementary products and services to a broader set of customers globally. Hockway, Insituform and Corrpro Companies share a common history of innovation, technological development and leadership. Insituform and its many business units, specifically Corrpro Companies, are perfectly positioned to help us grow and increase the product offerings to both our customer bases.”

About Insituform Technologies, Inc.

Insituform Technologies, Inc. is a global leader in pipeline protection. Insituform provides proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion prevention of industrial pipelines. More information about the Company can be found on its internet site at www.insituform.com.

About Corrpro Companies, Inc.

Corrpro Companies, Inc., a subsidiary of Insituform Technologies, Inc., is the leading provider of cathodic protection systems and engineering services in North America and also has operations in Europe and the Middle East. Corrpro offers corrosion solutions for every industrial market including pipeline, refinery, above and underground storage tanks, water, wastewater, concrete, infrastructure, offshore, and marine. More information about Corrpro can be found on its internet site at www.corrpro.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Company’s beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the Securities and Exchange Commission on February 28, 2011 and in our subsequent quarterly reports on Form 10-Q. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, our actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, we do not assume a duty to update forward-looking statement, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by the Company from time to time in its periodic filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by the Company in this news release are qualified by these cautionary statements.

Insituform®, Corrpro®, the Insituform® logo and the Corrpro® logo are the registered trademarks of Insituform Technologies, Inc. and its affiliates.

Contacts:

Insituform Technologies, Inc.
David F. Morris, 636-530-8000
Senior Vice President and Chief Administrative Officer

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