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Perma-Fix Joint Venture Receives Formal Award of European Waste Treatment Contract Valued at up to EUR 50 Million
ATLANTA, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that the European Commission
About this update from Perma-fix Environmental Services, Inc.
[{"type":"text","content":"ATLANTA, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that the European Commission (EC) has formally awarded the previously announced multi-year contract, valued at up to EUR 50 million, for the treatment of radioactive waste from the Joint Research Center (JRC) in Ispra, Italy, to the Company’s joint venture with Campoverde Srl. Mark Duff, Chief Executive Officer, stated, “We are proud to receive formal award of this contract to support the European Commission’s radioactive waste cleanup mission at JRC in Italy. In addition to the revenue potential of this contract, it opens the door to an expansion of our offering across Europe. Given our long and successful track record in the U.S., we look forward to replicating our capabilities in Europe.” 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 U.S Department of Energy (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”, “estimates”, “projects”, and similar expressions. Forward-looking statements include, but are not limited to: the revenue potential of this contract; opening the door to an expansion of our offering in Europe; and replicating our capabilities in Europe. There are a v...