SOURCE: Perma-Fix Environmental Services, Inc.

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June 02, 2016 07:30 ET

Perma-Fix Environmental Services Joins Florida International University Applied Research Center (FIU ARC) Advisory Board

ATLANTA, GA--(Marketwired - June 02, 2016) - Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) today announced that it has joined the prestigious Florida International University Applied Research Center (FIU ARC) Advisory Board, as a corporate sponsor. Dr. Louis F. Centofanti, President and Chief Executive Officer (CEO) of Perma-Fix, will join other thought-leaders on the Board in providing recommendations to advance the Applied Research Center (ARC) at Florida International University (FIU).

Dr. Ines Triay is the Executive Director of the ARC at FIU. The Center's focus is to solve real-world problems in partnership with government and private industry through multi-disciplinary research collaborations within the University's increasingly talented applied and basic research units. Dr. Triay joined FIU in October 2012 after a distinguished history as scientist and administrator at the Department of Energy (DOE), which includes positions as Assistant Secretary for the DOE's Office of Environmental Management.

Dr. Ines Triay, Executive Director of the ARC, commented, "We are pleased to welcome Perma-Fix to the FIU ARC Advisory Board and look forward to Dr. Centofanti's involvement in addressing some of the nation's most pressing environmental and energy challenges."

Dr. Louis F. Centofanti, President and CEO, stated, "We are honored to join the FIU ARC Advisory Board, along with a number of successful companies and accomplished executives from the industry. We look forward to helping FIU ARC advance its mission to develop advanced and cost-effective solutions to government and industry challenges in the fields of environment, energy, and other sectors."

About Florida International University Applied Research Center (FIU ARC)

FIU ARC is a premier leader delivering research and development solutions to government and industry challenges, and their mission is to lead, integrate, and deliver multidisciplinary research and development solutions in environment, energy, and information technology to meet customer commitments on time and at cost. The FIU ARC Advisory Board is a representative group of individuals who are engaged in national and international and organizations, including business, non-profit, and governmental organizations -- and who contribute their support, wisdom, and expertise to shape, enrich, and sustain the research mission and programs of FIU and the Center.

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 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 are developing a new process to produce Tc-99m, a widely used medical isotope in the world.

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: helping FIU ARC advance its mission. 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; that Congress fails to provides continuing funding for the DOD's and DOE's remediation projects; ability to obtain new foreign and domestic remediation contracts; our ability to fund the commercialization of our technology; and the "Risk Factors" discussed in, and the additional factors referred to under "Special Note Regarding Forward-Looking Statements" of our 2015 Form 10-K and Form 10-Q for quarter ended March 31, 2016. 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.

Please visit us on the World Wide Web at http://www.perma-fix.com.

Contact Information

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

    Herbert Strauss
    European Investor Relations
    herbert@eu-ir.com
    +43 316 296 316