SOURCE: Perma-Fix Environmental Services, Inc.

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February 18, 2016 07:30 ET

Perma-Fix Awarded Radiological Services Contract Extension

ATLANTA, GA--(Marketwired - February 18, 2016) -  Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the "Company") today announced it has been awarded a six month contract extension by KEMRON Environmental Services Inc., where the Company will continue to provide radiological support services to KEMRON at the 10-acre Safety Light Corporation (SLC) site located in South Centre Township near Bloomsburg, Pennsylvania.

Past activities at the site include the manufacturing of self-illuminated watches and instrument dials, smoke detectors, neutron sources, exit signs and other merchandise containing radioactive materials, as well as activities regulated by the U. S. Nuclear Regulatory Commission (NRC). Waste generated at the site includes solid and liquid waste streams contaminated with radioactive materials, such as radium-226, strontium-90, cesium-137 and tritium.

Dr. Louis F. Centofanti, Chief Executive Officer, stated, "We appreciate the continued support of KEMRON, which reflects our performance track record, unique capabilities and reputation as a leader in health physics."

About KEMRON Environmental Services Inc.

KEMRON Environmental Services Inc. is an environmental consulting, engineering and remediation firm headquartered in Atlanta, Georgia. KEMRON provides environmental services for the cleanup of hazardous, radiological and explosive wastes throughout the country.  Since its founding in 1975, KEMRON has successfully executed thousands of projects involving the assessment, testing, analysis, and cleanup of sites for both the government and private industry. KEMRON is headquartered in Atlanta,GA with offices in Tampa, FL; Charleston, WV; Marietta, OH; Vienna, VA; Seattle, WA; Monterey, CA and Chicago, IL .

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 Department of Energy (DOE), the 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.

Through Perma-Fix Medical S.A., our majority-owned Polish subsidiary, we have also developed a new process to produce Tc-99m, a widely used medical isotope in the world. The new process is expected to solve worldwide shortages of Tc-99m as it is less expensive, does not require the use of government-subsidized, weapons-grade materials and can be easily deployed around the world.

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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. 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 technology; 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; that Congress provides continuing funding for the DOD's and DOE's remediation projects; ability to obtain new foreign and domestic remediation contracts; and the "Risk Factors" discussed in, and the additional factors referred to under "Special Note Regarding Forward-Looking Statements" of our 2014 Form 10-K and Forms 10-Q for quarters ended March 31, 2015, June 30, 2015, and September 30, 2015. 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.

Contact Information

  • Contacts:
    David K. Waldman
    US Investor Relations
    Crescendo Communications, LLC
    (212) 671-1021

    Herbert Strauss
    European Investor Relations
    +43 316 296 31