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ATLANTA, Nov. 28 /PRNewswire-FirstCall/ -- Perma-Fix Environmental
Services, Inc. (Nasdaq: PESI) today announced it has received its commercial
permit in the U.S. from the U.S. Environmental Protection Agency (EPA) Region
4 to commercially store and dispose of radioactive Polychlorinated Biphenyls
(PCB's) at the Company's Diversified Scientific Services, Inc. (DSSI)
subsidiary facility located in Tennessee.
Perma-Fix's DSSI facility uses an EPA-authorized waste fuel boiler unit
for the thermal destruction of radioactive and mixed (radioactive and
hazardous) liquids and semi-solid wastes. In 2004, Perma-Fix DSSI began the
permitting process to add TSCA-regulated wastes, namely PCBs, to its
authorization in order to meet the demand for the treatment of government and
commercially generated radioactive PCB wastes. Currently, there are no
authorized, commercial facilities treating radioactive PCB wastes. The
Department of Energy (DOE) operates a TSCA Incinerator authorized to treat
only DOE generated wastes, which is scheduled to begin closure activities in
2009. The DSSI authorization will provide DOE with an alternative option for
radioactive PCB wastes as well as provide an outlet for disposition of
commercially generated radioactive PCBs.
Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated,
"Perma-Fix strives to stay at the forefront of new technology development in
the radioactive and mixed waste treatment market, and we are gratified that
after four years of working with EPA and the State of Tennessee, we have
received our long-awaited permit authorization. I have personally worked in
the area of PCB treatment for the past two decades, and recognize the
important contribution that this new alternative treatment technology will
provide to our customers' waste management programs. This permit will allow
for PCB-contaminated wastes that have been in storage for a number of years to
be safely and effectively treated and disposed."
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 "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 include, but are not limited to that this permit
will allow for PCB-contaminated wastes that have been in storage for a number
of years to be safely and effectively treated and disposed. 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 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; receipt of a final permit from the EPA relative to
treatment of radioactive PCBs; community reaction to our permit application to
treat PCB radioactive waste; and the additional factors referred to under
"Special Note Regarding Forward-Looking Statements" of our 2007 Form 10-K/A
and the Forward-Looking Statements discussed in our Form 10-Q for the quarters
ending March 31, 2008 and June 30, 2008. 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.
SOURCE Perma-Fix Environmental Services, Inc.
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