SOURCE: EnergySolutions


August 11, 2009 11:58 ET

EnergySolutions Awarded Waste Remediation Contract at Los Alamos, New Mexico

Contracts Valued at $16 Million

SALT LAKE CITY, UT--(Marketwire - August 11, 2009) - EnergySolutions, Inc. (NYSE: ES) announced today it has been awarded waste remediation contracts for the management of transuarnic waste from the U.S. Department of Energy's Los Alamos National Laboratory (LANL). The contracts are valued at $16 million and will involve retrieval, packaging, and disposition of transuranic waste.

"EnergySolutions has worked closely with Los Alamos on many projects and appreciates the confidence the DOE has in EnergySolutions to manage this waste for final disposition," said Steve Creamer, CEO and Chairman of EnergySolutions.

Since 2005 EnergySolutions has been working with LANL to repackage transuranic legacy waste to meet the requirements for disposal at the Waste Isolation Pilot Plant located in Carlsbad, New Mexico. Under the newly awarded contracts, EnergySolutions will continue its operations in existing facilities as well as develop and operate two new transuranic debris processing lines through 2010.

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.

Statements in this news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly from the results discussed in the forward-looking statements.

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