Perma-Fix Announces Over $8 Million in New Contract Awards
01 Agosto 2023 - 7:30AM
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”,
“estimates”, “projects”, and similar expressions. Forward-looking
statements include, but are not limited to: project expected to
start in the third quarter of 2023; expand our backlog within the
Services Segment; combined value of these awards is estimated to be
over $8 million over the next few years; and opportunities for
expansion. These forward-looking statements are intended to qualify
for the safe harbors from liability established by the Private
Securities Litigation Reform Act of 1995. 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; 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-Qs for quarters 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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