ARGAN, INC. REPORTS GEMMA POWER SYSTEMS (GPS) HAS RECEIVED FULL NOTICE TO PROCEED FOR A CONTRACT TO DESIGN AND BUILD A 49.9 MW, BIOMASS-FIRED POWER PLANT NEAR WOODVILLE, TEXAS

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE MKT: AGX) announced that its wholly owned subsidiary, Gemma Power Systems (GPS), has received full notice to proceed from East Texas Electric Cooperative (ETEC) for a contract to design and build a 49.9 MW, biomass-fired power plant near Woodville, Texas.

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GEMMA RENEWABLE POWER LLC SIGNS AN EPC CONTRACT FOR $16.6 MILLION SOLAR ENERGY PROJECT

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE AMEX: AGX) announced that its wholly owned subsidiary Gemma Power Systems, through its wholly-owned subsidiary Gemma Renewable Power LLC, has signed an approximately $16.6 million EPC contract with Southern Sky Renewable Energy Canton LLC to design and build a 5.7MW (DC) solar energy facility consisting of approximately 19,800 photovoltaic panels located on a closed capped landfill in Canton, Massachusetts.

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