MONTREAL, Nov. 13,
2024 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a
world-class engineering services and nuclear company with offices
around the world, is leading a joint venture, with partners
Westinghouse Government Services and Jacobs Technology Inc, that
has been awarded a 10-year contract to operate the depleted uranium
hexafluoride (DUF6) conversion facilities and assume site landlord
responsibilities at the U.S. Department of Energy's (DOE) Paducah
and Portsmouth Gaseous Diffusion Plants. A joint venture led by
AtkinsRéalis' US Nuclear team has been operating and maintaining
the DUF6 facilities for the DOE Portsmouth Paducah Project Office
(PPPO) since 2016.
"This work illustrates how our commitment to protecting the
planet's environment and its people through our end-to-end services
across the entire nuclear asset life cycle is a key differentiator
for AtkinsRéalis," said Ian L.
Edwards, President and Chief Executive Officer,
AtkinsRéalis. "We are dedicated to safely managing legacy nuclear
materials and fostering economic growth that improves
communities."
Under the 10-year US $2.3 billion
Operations & Site Mission Support Contract (OSMS), the joint
venture known as Mission Conversion Services Alliance, LLC (MCSA)
will operate the DUF6 conversion facilities, transforming the
inventory of DUF6 into a more stable uranium oxide (OUx) for
disposition. MCSA will provide surveillance and maintenance
services of the DUF6 cylinder inventory awaiting disposition and
perform off-site disposal of empty cylinders as well as the
depleted uranium oxide. MCSA will also provide protective security
forces, emergency management and fire protection services as well
as operating and maintaining utilities at both plants.
"Through our long-standing partnership with the DOE, we've been
continuously upgrading the DUF6 plants to make them safer and more
reliable. We appreciate the DOE's confidence in us to continue our
blueprint for plant improvements and increased production, as well
as bringing this same continuous improvement management culture to
the infrastructure and support scopes that are new to this
contract," said Joe St. Julian,
President, Nuclear, AtkinsRéalis.
"We are honoured to continue the safe execution of the PPPO's
mission, and our team appreciates the opportunity to support this
important mission in partnership with the DOE," said Jeff Kendall, President (Interim), AtkinsRéalis
US Nuclear. "We are incredibly proud of the leadership team at DUF6
and the broader operational and support teams that have transformed
the future of both the Paducah and Portsmouth plants to ensure
the safe delivery of our present and future scope."
AtkinsRéalis is a leading nuclear services company offering
the full range of services for decommissioning and remediation of
nuclear sites and facilities, management of spent nuclear fuel, the
transportation of nuclear material and environmental cleanup of
nuclear legacy sites.
About AtkinsRéalis
Created by the integration of long-standing organizations
dating back to 1911, AtkinsRéalis is a world-class engineering
services and nuclear company dedicated to engineering a better
future for our planet and its people. We create sustainable
solutions that connect people, data and technology to transform the
world's infrastructure and energy systems. We deploy global
capabilities locally to our clients and deliver unique end-to-end
services across the whole life cycle of an asset including
consulting, advisory & environmental services, intelligent
networks & cybersecurity, design & engineering,
procurement, project & construction management, operations
& maintenance, decommissioning and capital. The breadth and
depth of our capabilities are delivered to clients in strategic
sectors such as Engineering Services, Nuclear and Capital. News and
information are available at www.atkinsrealis.com or follow us
on LinkedIn.
Forward-Looking Statements
References in this press release to the "Company",
"AtkinsRéalis", "we", us" and "our" mean, as the context may
require, AtkinsRéalis Group Inc. or all or some
of its subsidiaries or joint arrangements or associates. Statements
made in this press release that describe the Company's expectations
or strategies constitute "forward-looking statements", which can be
identified by the use of the conditional or forward-looking
terminology such as "estimates", "expects", "forecasts", "intends",
"may", "objective", "plans", "projects", "should", "will",
"likely", or other variations thereon. Forward-looking statements
also include any other statements that do not refer to historical
facts. The Company cautions that, by their nature,
forward-looking statements involve risks and uncertainties, and
that its actual actions or results could differ materially from
those expressed or implied in such forward-looking statements.
Forward-looking statements are presented for the purpose of
assisting investors and others in understanding certain key
elements of the Company's current objectives, strategic priorities,
expectations and plans, and in obtaining a better understanding of
the Company's business and anticipated operating environment.
Readers are cautioned that such information may not be appropriate
for other purposes. Forward-looking statements made in this press
release are based on a number of assumptions believed by the
Company to be reasonable as at the date hereof. The assumptions are
set out throughout the Company's 2023 annual management disclosure
& analysis ("MD&A") (particularly in the sections entitled
"Critical Accounting Judgments and Key Sources of Estimation
Uncertainty" and "How We Analyze and Report our Results") filed
with the securities regulatory authorities in Canada, available on SEDAR+ at
www.sedarplus.com and on the Company's website
at www.atkinsrealis.com under the "Investors" section.
If these assumptions are inaccurate, the Company's actual results
could differ materially from those expressed or implied in such
forward-looking statements. In addition, important risk factors
could cause the Company's assumptions and estimates to be
inaccurate and actual results or events to differ materially from
those expressed in or implied by these forward-looking statements.
Those risks are identified in the Company's 2023 annual MD&A
(particularly in the section entitled "Risk and Un
certainties"), as may be updated from time to time in
the Company's interim quarterly MD&A, are not
exhaustive. The forward-looking statements herein reflect the
Company's expectations as at the date of this press release and are
subject to change after this date. The Company does not undertake
to update publicly or to revise any such forward-looking statements
whether as a result of new information, future events or otherwise,
unless required by applicable legislation or
regulation. The forward-looking information and
statements contained herein are expressly qualified in their
entirety by this cautionary statement.
SOURCE AtkinsRéalis