Perma-Fix Announces EPA Authorization for Non-Thermal Treatment of Radioactive PCB...

Tue Jul 14, 2009 12:30pm EDT
 
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Perma-Fix Announces EPA Authorization for Non-Thermal Treatment of Radioactive
PCB Wastes




ATLANTA, July 14 /PRNewswire-FirstCall/ -- Perma-Fix Environmental Services,
Inc. (Nasdaq: PESI) today announced the receipt of authorization by the U.S.
Environmental Protection Agency (EPA) Region 10 to commercially store and
treat radioactive Polychlorinated Biphenyls (PCBs) through non-thermal
treatment at the Company's subsidiary, Perma-Fix Northwest Richland, Inc.
(PFNWR) located in Richland, Washington. 
This most recent authorization for non-thermal treatment of radioactive PCB
wastes provides a western U.S. capability that is important for the Department
of Energy's (DOE) Hanford Site.  PFNWR is located adjacent to the DOE Hanford
Site and currently treats a variety of mixed and radioactive waste streams for
compliant disposal at the Hanford Site.  DOE has entered into compliance
agreements for special wastes such as radioactive PCBs with the EPA, the State
of Washington and local stakeholder groups.  This added capability will assist
the DOE with meeting its agreement schedules.
Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, "This
latest authorization expands the services that Perma-Fix offers our government
and commercial clients by allowing us to offer non-thermal treatment options
at our PFNWR facility.  We provide these services while meeting the complex
regulatory requirements in a safe and effective manner. We believe that this
new authorization will allow for the treatment and disposal of large
quantities of PCB-contaminated wastes that have been in storage for a number
of years." 
"This authorization comes on the heels of our recent approval for thermal
destruction of radioactive and mixed (radioactive and hazardous) liquids and
semi-solid wastes at our Diversified Scientific Services, Inc. (DSSI) facility
located in Kingston, Tennessee. Prior to our receipt of this earlier
authorization in April 2009, there were no authorized commercial facilities
treating radioactive PCB wastes.  We believe that this latest authorization
will expand our capabilities and provides a local option for certain low-level
radioactive wastes, including those originating at the Hanford site in
Washington State.   We also believe this authorization is quite timely given
the DOE's planned closure of the TSCA Incinerator later this year, which had
previously been the only authorized option to treat DOE generated radioactive
PCB wastes."
About Perma-Fix Environmental Services
Perma-Fix Environmental Services, Inc., a national environmental services
company, provides unique mixed waste and industrial waste management services.
The company's increased focus on nuclear services includes radioactive and
mixed waste treatment services for hospitals, research labs and institutions,
federal agencies, including DOE, DOD, and nuclear utilities. The company's
industrial services treat hazardous and non-hazardous waste for a variety of
customers including, Fortune 500 companies, federal, state and local agencies
and thousands of other clients. Nationwide, the company operates nine major
waste treatment facilities.


This press release contains "forwardlooking 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.
Forwardlooking statements include, but are not limited to: that this
authorization provides a western U.S. capability that is important for the
Department of Energy's (DOE) Hanford Site; will assist the DOE with meeting
its agreement schedules; will allow for the treatment and disposal of large
quantities of PCB-contaminated wastes that have been in storage for a number
of years; provides a local option for certain low-level radioactive wastes,
including those originating at the Hanford site in Washington State; meeting
the complex regulatory requirements in a safe and effective manner; and the
DOE's planned closure of the TSCA incinerator later this year.   These
forwardlooking 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 technologies; that neither the
federal government nor any other party to a subcontract involving the federal
government terminates or renegotiates any material contract granted to us
prior to expiration of the term of the contract, as such contracts are
generally terminable or renegotiable on 30 day notice, at the government's
option; or 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 funding for the new
remediation projects; and the additional factors referred to under "Special
Note Regarding Forward-Looking Statements" of our 2008 Form 10-K, and the
Forward-Looking Statements discussed in our Form 10-Q for the quarter ending
March 31, 2009. The Company makes no commitment to disclose any revisions to
forwardlooking statements, or any facts, events or circumstances after the
date hereof that bear upon forwardlooking statements.

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


SOURCE  Perma-Fix Environmental Services, Inc.

Dr. Louis F. Centofanti, Chairman and CEO of Perma-Fix Environmental Services,
Inc., +1-770-587-5155; or David K. Waldman-US Investor Relations of Crescendo
Communications, LLC, +1-212-671-1020 x101; or Herbert Strauss-European
Investor Relations, +43 316 296 316, herbert@eu-ir.com

 

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