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Perma-Fix Announces Over $8 Million in New Contract Awards
ATLANTA, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has been awarded two new
About this update from Perma-fix Environmental Services, Inc.
[{"type":"text","content":"ATLANTA, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has been awarded two new contracts totaling more than $8 million within its Services Segment. These projects are expected to start in the third quarter of 2023. Mark Duff, President and CEO of the Company, commented, “I am pleased to announce that Perma-Fix has been selected for two new contract awards that we believe will further expand our backlog within the Services Segment. These awards include a task order project from the US Army Corps of Engineers (USACE) in support of the Facilities Reduction Program, along with an award as a team subcontractor in support of a project at Los Alamos National Laboratory for U.S. Department of Energy (DOE). Both of these awards leverage our core competencies regarding characterization, remediation and disposition of hazardous materials and waste management. The combined value of these awards is estimated to be over $8 million over the next few years, but front end loaded over the next 18 months, with opportunities for expansion.” 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”, “plans to”, “estim...