Date: March 11, 2009
Source: Perma-Fix Environmental Services, Inc.
Perma-Fix Environmental Services Fulfills Regulatory Requirements and Commences Acceptance of Radioactive PCBs
Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) ("Perma-Fix") today announced that it has fulfilled the necessary regulatory requirements to begin operation of its treatment unit for the destruction of radioactive Polychlorinated Biphenyls (PCBs) and that it has commenced acceptance of these wastes at its Diversified Scientific Services, Inc. (DSSI) facility.
Dr. Louis F. Centofanti, chairman and CEO, stated, "I am pleased to announce that we have completed the necessary regulatory requirements to receive and process PCBs in a radioactive matrix at our DSSI facility. Through this effort we have carved out an important niche as the only commercial operator inthe United States authorized to destroy radioactive PCBs, which also provides commercial generators with the first licensed and approved option for radioactive PCBs."
Dr. Centofanti continued, "The permit and our new capabilities also provide the DOE with a fully licensed, commercially permitted, and low-risk alternate option for the TSCA incinerator scheduled to close later this year. The permit is another step in our continuing effort to retain our position as the nation's most comprehensive nuclear waste treatment provider."
About Perma-Fix Environmental Services
Perma-Fix is a national environmental services company, providing unique mixed waste and industrial waste management services. Perma-Fix has increased its focus on the nuclear services segment, which provides radioactive and mixed waste treatment services to hospitals, research laboratories and institutions, numerous federal agencies including DOE and the U.S. Department of Defense and nuclear utilities. The Industrial segment provides hazardous and non-hazardous waste treatment services for a diverse group of customers including Fortune 500 companies, numerous federal, state and local agencies and thousands of smaller clients.
This press release contains certain statements which may constitute forward-looking statements within the meaning of the Private Securities Reform Act of 1996, including, but not limited to, prospects for our new treatment process; only commercial operation in U.S. to destroy radioactive PCBs; and provide the DOE with a fully licensed, commercially permitted, and low-risk alternate option for the TSCA incinerator scheduled to close later this year. Investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from the forward-looking statements as a result of various factors, including, but not limited to, general economic conditions; development of new technology; large federal deficits; and the "Risk Factors" contained in, and the other factors listed under the heading, "Special Note Regarding Forward-Looking Statements" in our 2007 Form 10-K, as amended by our 10-K/A Amendment No. 1, and our Form 10-Qs for quarters ended March 31, 2008, June 30, 2008, and September 30, 2008.
To learn more, visit: www.perma-fix.com.
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