Perma-Fix Awarded $6.5 Million Contract
September 03 2021 - 8:30AM
Perma-Fix Environmental Services, Inc. (NASDAQ:
PESI) (the “Company”) today announced that it has been
awarded a service contract supporting the Lawrence Berkeley
National Laboratory valued at $6.5 million over the next nine
months.
Mark Duff, Chief Executive Officer, stated, “I
am pleased to report this latest project award supporting the
Lawrence Berkeley National Laboratory (LBNL) through the U.S.
Department of Energy (DOE), which includes remediation, demolition
and waste management services. This award builds upon similar
projects over the past several years at LBNL that illustrate our
success with this client conducting complex remediation and
demolition in radiological environments. Importantly, our bidding
pipeline continues to increase, and we remain optimistic that a
number of important DOE and other projects will be awarded in the
near future.”
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 U.S. 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 four
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”, “plan to”,
“estimates”, “projects”, and similar expressions. Forward looking
statements include, but are not limited to: bidding pipeline;
contract awards in the near future; and contract value. 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 or terminates existing contracts; Congress fails to
provides funding for the DOD’s and DOE’s remediation projects;
inability to obtain new foreign and domestic remediation contracts;
impact of COVID-19; and the additional factors referred to under
“Risk Factors” and "Special Note Regarding Forward-Looking
Statements" of our 2020 Form 10-K and Form 10-Qs for quarter ended
March 31, 2021 and June 30, 2021. 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 RelationsCrescendo Communications, LLC (212) 671-1021
Herbert Strauss-European Investor Relationsherbert@eu-ir.com+43
316 296 316
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