Perma-Fix Partners with UA Plumbers & Steamfitters Local 598 to Provide Safe and Reliable Option For Hanford Tank Waste Grouting and Disposal
July 17 2023 - 12:10PM
Perma-Fix Environmental Services, Inc. (NASDAQ:
PESI) (the “Company”) today announced it held a Project
Labor Agreement (PLA) signing event with UA Plumbers &
Steamfitters Local 598, on July 14, 2023. The goal of this
partnership is to supply the Perma-Fix Northwest Facility (PFNW)
with the organized labor force needed to take on the challenges of
providing a supplement treatment alternative to include
concrete-like grout for Hanford's Low Activity Tank Waste. This
supplemental capability would support U.S. Department of Energy’s
(DOE) glassifying process provided by the Hanford
Vitrification Plant for safe transport and disposal off-site. A
number of key government officials and community leaders attended
the event to express support for the project.
The U.S. Department of Energy has been exploring
options to add more waste treatment capacity for the 56 million
gallons of radioactive and hazardous chemical waste currently
stored in underground tanks on the Hanford Reservation.
"Local 598 has always insisted that the men and
women performing waste treatment and disposal work must have access
to the best safety and health representation possible," stated
Nickolas Bumpaous, Business Manager of Plumbers and Steamfitters
Local 598. "Assuming the Department of Energy continues to consider
the process of grout for Hanford's least radioactive tank waste, we
want to ensure they have access to the highest skilled and safest
labor force in the industry. Our Partnership with Perma-Fix will
ensure that the U.S. DOE has a local contractor with the know-how,
skills and safety culture required to achieve Hanford's cleanup
mission".
"We are honored to partner and receive the
strong support of Local 598, as well as local and government
officials, on this important project," noted Mark Duff, President
and Chief Executive Officer at Perma-Fix Environmental Services.
"We share a combined commitment to the highest levels of safety and
environmental stewardship in supporting Department of Energy's
Hanford tank remediation mission. We believe this relationship with
Local 598 increases the value of our offering to DOE while
providing a treatment option that can accelerate the reduction of
environmental liability in the region."
About United Association of Plumbers
& Steamfitters Local Union 598
United Association of Plumbers &
Steamfitters Local Union 598 was established on December 29th,
1944, during the height of the Manhattan Project with the primary
goal of supporting the construction of plutonium production
reactors and associated processing facilities sited at the Hanford
reservation. Our Signatory Contractors and the members of Local
Union 598 form a team that serves twenty-one counties in Eastern
Washington and Northeastern Oregon and continues to lead the
industry with the highest level of training, professionalism and
workplace safety on projects ranging from schools to nuclear
facilities.
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: would support the
glassifying process of the Hanford Vitrification Plant for safe
transport and disposal off-site; and this relationship with Local
598 increases the value of our offering to DOE while providing a
treatment option that can accelerate the reduction of environmental
liability in the region. 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; inability to meet
financial covenants; and the additional factors referred to under
“Risk Factors” and "Special Note Regarding Forward-Looking
Statements" of our 2022 Form 10-K and Form 10-Q for quarter ended
March 31, 2023. 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.
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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