ATLANTA, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:
PESI) today announced that Department of Energy (DOE) has awarded its team a cost-plus-fixed-fee task order under an
Indefinite Delivery/Indefinite Quantity (IDIQ) contract for the DOE Environmental Management (EM) Test Bed Initiative (TBI) for
offsite treatment and disposal of Hanford Low Activity Waste (LAW). The IDIQ contract was awarded to Aerostar Perma-Fix TRU
Services, LLC (APT Services, LLC), located in Oak Ridge, Tennessee. The task order will have a maximum value of $4.8 million over a
ten-month performance period.
Work under this task order includes:
- In-tank pre-treatment system (ITPS) design completion
- ITPS fabrication, testing, training, installation and operation support
- Waste treatment (approx. 2,000 gallons), packaging, transportation, and disposal
- TBI final report
Mark Duff, President and CEO of the Company, commented, “We are honored to be a part of the TBI team for the
next phase of this initiative to demonstrate the feasibility of options for retrieval and treatment of low activity tank waste at
the Hanford site in Washington State. This demonstration initiative will highlight several new technologies that could have a
dramatic impact on the future of the tank waste program at Hanford.”
About Perma-Fix Environmental Services
Perma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed
waste management services. The Company's nuclear waste services include management and treatment of radioactive and mixed waste for
hospitals, research labs and institutions, federal agencies, including the DOE, the Department of Defense (DOD), and the commercial
nuclear industry. The Company’s nuclear services group provides project management, waste management, environmental restoration,
decontamination and decommissioning, new build construction, and radiological protection, safety and industrial hygiene capability
to our clients. The Company operates three nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and
commercial facilities, nationwide.
Please visit us at http://www.perma-fix.com.
This press release contains “forward looking statements” which are based largely on the Company's
expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control.
Forward-looking statements generally are identifiable by use of the words such as “believe”, “expects”, “intends”, “anticipate”,
“plans to”, “estimates”, “projects”, and similar expressions. Forward looking statements include, but are not limited to: retrieval
and treatment of tank waste at the Hanford site in Washington State; and dramatic impact on the future of the tank waste program at
Hanford. These forward looking statements are intended to qualify for the safe harbors from liability established by the Private
Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are
reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause
future outcomes to differ materially from those described in this release, including, without limitation, future economic
conditions; industry conditions; competitive pressures; our ability to apply and market our new technologies; the government or
such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under
the contract; inability to win bid projects; that Congress fails to provides continuing funding for the DOD’s and DOE’s remediation
projects; ability to obtain new foreign and domestic remediation contracts; and the “Risk Factors” discussed in, and the additional
factors referred to under "Special Note Regarding Forward-Looking Statements" of, our 2017 Form 10-K and Forms 10-Q for quarters
ended March 31, 2018, June 30, 2018 and September 30, 2018. The Company makes no commitment to disclose any revisions to forward
looking statements, or any facts, events or circumstances after the date hereof that bear upon forward looking statements.
Please visit us on the World Wide Web at http://www.perma-fix.com.
Contacts:
David K. Waldman-US Investor Relations
Crescendo Communications, LLC
(212) 671-1021
Herbert Strauss-European Investor Relations
herbert@eu-ir.com
+43 316 296 316
