Press Releases

Perma-Fix Provides Update Following 16th Annual Nuclear Waste Management Forum

ATLANTA, Jan. 02, 2019 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) today provided a business update following its 16th Nuclear Waste Management Forum 2018. The forum focused on the exchange of information related to the nuclear industry’s waste management objectives and programs providing industry leaders an opportunity to network with experts from a variety of U.S. and international waste generator sites, government officials, and other small and large businesses. 

Featured speakers included:

• Zach Wamp, Consulting/Business Development and U.S. Member of Congress (1995 – 2011)
• Douglas Tonkay, Director, Office of Waste Disposal, Office of Environmental Management, U.S. Department of Energy
• Darren Shank, Executive Vice President, Sterling Engineering and Consulting

The forum also hosted a variety of speakers representing nuclear utility plants, international entities and US Department of Energy (DOE) programs including Environmental Management, National Nuclear Security Administration and Office of Science.  The 2018 forum panels consisted of Decontamination, Decommissioning, and Remediation; Waste Management Initiatives for National Laboratories; Continuous Improvements through Lessons Learned; Working to Solve Transportation, Packaging, and Characterization Challenges; Disposal Site Updates; Perma-Fix Expanding to Meet Waste Treatment Challenges and Provide Turn-Key Solutions for our Clients; and Regulatory Training.

Through the two days of sessions, Perma-Fix introduced its latest technologies and applications regarding waste characterization, packaging, treatment, transportation, and disposition while sharing lessons learned that could improve safety and efficiency for their projects.

Mark Duff, President & CEO, stated, “I am happy to report we had a record turnout at this year’s annual conference.  Many thanks to the hundreds of attendees including our clients, sponsors and outstanding presenters, that made this year’s forum a great success.  Overall, we have a built an outstanding reputation within the industry, based on our state-of-the-art technologies, impeccable safety record and the value proposition we provide our customers.  Looking ahead to 2019, we are extremely encouraged by the outlook for the business.”

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 the 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 three nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities, nationwide. 

Please visit us at http://www.perma-fix.com.

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: the impact on the Company of closure of M&EC facility on or before the end of the year; the effect of increase in backlog in the fourth quarter of 2018 and into the first quarter of 2019; and sustainable growth in 2019. 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; inability to win bid projects; 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; inability to meet financial covenants; and the “Risk Factors” discussed in, and the additional factors referred to under "Special Note Regarding Forward-Looking Statements" of, our 2017 Form 10-K and Forms 10-Q for quarters ended March 31, 2018, June 30, 2018 and September 30, 2018. 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.

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

Released January 2, 2019