Business
Perma-Fix Announces New $15 Million Contract Award
ATLANTA, GA / ACCESSWIRE / December 23, 2019 / Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the "Company") today announced it has been awarded a new
About this update from Perma-fix Environmental Services, Inc.
[{"type":"text","content":"ATLANTA, GA / ACCESSWIRE / December 23, 2019 / Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the \"Company\") today announced it has been awarded a new contract, as part of a Joint Venture (\"JV\"), in its Services Segment valued at approximately $15 million over the next 18 months with opportunities for expansion to nearly $20 million in total revenue.Mark Duff, Chief Executive Officer, stated, \"We have recently been awarded a new project supporting the Lawrence Berkeley National Laboratory through the Department of Energy (\"DOE\") to include remediation, construction and waste management services. The award was made to a Joint Venture partnership between Perma-Fix and ERRG, which have been working together on similar projects for several years. This award further increases our funded backlog and bolsters our Services Segment revenues beginning in the first quarter of 2020. The Perma-Fix/ERRG JV was able to leverage our recent experience conducting complex remediation and demolition in radiological environments with potential for additional expansion as the project evolves. This win builds on our momentum established over the last two quarters to position Perma-Fix for continued growth in our Services Segment.\"About Perma-Fix Environmental ServicesPerma-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 ...