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Perma-Fix Among Three Suppliers Awarded Four-Year Framework Contract Worth up to £41 Million for the Treatment and Conditioning of Radioactive Waste in the UK
ATLANTA, July 11, 2022 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it is one of only three
About this update from Perma-fix Environmental Services, Inc.
[{"type":"text","content":"ATLANTA, July 11, 2022 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it is one of only three suppliers awarded a Framework Contract by Nuclear Waste Services (NWS), part of the United Kingdom’s (UK) Nuclear Decommissioning Authority (NDA), which is focused on management of the UK’s nuclear waste, safely and securely for generations to come. As a result of the award, Perma-Fix has been selected to compete for firm, fixed-price and cost-reimbursement task orders for the treatment and conditioning of radioactive waste in the UK, with a maximum ceiling of £41 million over four years. The Framework Agreement includes a variety of services covering the full waste lifecycle, including but not limited to, project management, expert advice, characterization, site preparations, dismantling, transport, segregation, treatment, conditioning and optimized disposal. Mark Duff, President and CEO of the Company, commented, “Perma-Fix is thrilled to receive the award of this Framework Contract by the UK government’s Nuclear Waste Services, with a total value of up to £41 million across three suppliers for the treatment and conditioning of radioactive waste. This award underscores our view of the market potential for our services in Europe, as well as the importance of our current technology offering, which has proven valuable in the US for over 30 years.” Dr Craig Ashton, Waste Services Director at NWS, said, “This Framework Contract marks the continued evolution of our service offering to customers as part of a longer-term strategy for generating even greater value and enabling mission acceleration.” About Nuclear Waste Services Nuclear Waste Services brings together the UK’s leading nuclear waste management capabilities. We have integrated the expertise of Low Level Waste Repository (LLWR), Radioactive Waste Management (RWM), and the Nuclear Decommissioning Authority (NDA) group’s Integrated Waste Management Programme (IWMP). This creates an organization focused on the management of the UK’s nuclear waste, safely and securely for generations to come. We are part of the NDA group, which is undertaking the biggest clean-up project in Europe over many decades. Nuclear Waste Services is integral to this environmental clean-up mission, as we work to provide permanent answers to our country’...