Duratek Receives Certification and Makes First Shipment to the Nevada Test Site
September 12 2005 - 7:00AM
Business Wire
Duratek, Inc. (NASDAQ:DRTK) today announced its Bear Creek (TN)
processing facility has been certified as the first commercial
facility in the U.S. to ship low-level radioactive waste to the
Nevada Test Site (NTS) and made its first shipment to NTS on
September 8, 2005. NTS disposes of low-level radioactive waste
generated by the Department of Energy (DOE) and DOE-funded
facilities, and can receive and dispose of waste that is not
accepted at other commercial and government-operated disposal
facilities. Robert Prince, President and CEO said, "This
certification further expands the Company's capabilities as a
full-service manager of low-level radioactive waste and expands our
Commercial Processing Group's base business. DOE customers now have
the means to certify and ship many of their difficult waste streams
for disposal at NTS through Duratek." To earn this
first-of-its-kind certification, Duratek went through a rigorous
audit administered by NTS under their radioactive waste acceptance
program. The Duratek program includes an on-site Waste
Certification Officer qualified to perform the waste type, waste
form, and package inspections needed to certify waste as acceptable
for disposal at NTS. Duratek will be able to process, package, and
transport the material to disposal. Duratek provides safe, secure
radioactive materials disposition and nuclear facility operations
for commercial and government customers. Certain statements
contained in this press release may constitute "forward-looking
statements" within the meaning of Section 21E(i)(1) of the
Securities Exchange Act of 1934. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Duratek's actual results to be materially different
from any future results expressed or implied by these statements.
Such factors include the following: the Company's ability to manage
its commercial waste processing operations, the timing and award of
contracts by the U.S. Department of Energy for the cleanup of waste
sites administered by it; the acceptance and implementation of the
Company's waste treatment technologies in the government and
commercial sectors; and other large technical support services
projects; the Company's ability to successfully add revenues from
new contracts; and the timing of completing existing contracts. All
forward-looking statements are also expressly qualified in their
entirety by the cautionary statements included in the Company's SEC
filings, including its quarterly reports on Form 10-Q and its
annual report on Form 10-K.
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