Perma-Fix Awarded Approximately $50 Million in New Contracts in Q3 2021
September 20 2021 - 8:30AM
On September 20, 2021 Perma-Fix Environmental Services,
Inc. (NASDAQ: PESI) (the “Company”) today announced that
it has been awarded a total of approximately $50 million in
contract awards during the third quarter of 2021, to be recognized
over the next 18 to 24 months.
Mark Duff, Chief Executive Officer, stated, “I
am pleased to report we have been awarded 3 contracts totaling
approximately $50 million just since the end of the second quarter
of 2021, including a single project valued at nearly $40 million we
received last week. These new contracts, supporting the U.S.
government, significantly enhance our project backlog within the
Services Segment, now estimated at $74 million heading into the
fourth quarter, and further validate our technical and service
capabilities, as well as illustrate the success of our efforts to
enhance our bidding organization. In addition to these latest
awards, we are encouraged by our growing sales pipeline in both the
nuclear services and waste treatment segments that will position
Perma-Fix for solid growth in 2022.”
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: backlog within the
Services Segment; sales pipeline; solid growth; and value of
contracts. 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;
government contracts and subcontracts relating to activities at
government sites are generally subject to terminate or renegotiate
on thirty-days notice at the government’s option; 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
PermaFix Environmental S... (NASDAQ:PESI)
Historical Stock Chart
From Jun 2024 to Jul 2024
PermaFix Environmental S... (NASDAQ:PESI)
Historical Stock Chart
From Jul 2023 to Jul 2024