Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) shares dip slightly early Monday, on announcing it is one of only three suppliers awarded a Framework Contract by Nuclear Waste Services (NWS), part of the United Kingdom’s (UK) Nuclear Decommissioning Authority (NDA), which is focused on management of the UK’s nuclear waste, safely and securely for generations to come.
As a result of the award, Perma-Fix has been selected to compete for firm, fixed-price and cost-reimbursement task orders for the treatment and conditioning of radioactive waste in the U.K., with a maximum ceiling of £41 million over four years.
The Framework Agreement includes a variety of services covering the full waste lifecycle, including but not limited to, project management, expert advice, characterization, site preparations, dismantling, transport, segregation, treatment, conditioning and optimized disposal.
CEO Mark Duff, commented, “Perma-Fix is thrilled to receive the award of this Framework Contract by the U.K. government’s Nuclear Waste Services, with a total value of up to £41 million across three suppliers for the treatment and conditioning of radioactive waste.
“This award underscores our view of the market potential for our services in Europe, as well as the importance of our current technology offering, which has proven valuable in the U.S. for over 30 years.”
PESI shares lost a nickel, or 1%, to $5.18.
