Flanders Corp. Secures $15.5 Million Filtration Containment Systems Purchase Agreement
September 25 2009 - 6:05AM
Marketwired
Flanders Corporation (NASDAQ: FLDR) won a purchase agreement for
145 Filtration Containment Systems for the Mixed Oxide (MOX) Fuel
Fabrication Facility from Shaw AREVA MOX Services, LLC for $15.5
million. The process equipment will be used in a wide variety of
applications to secure the facility being built for the MOX project
at the Savannah River Site (SRS) near Aiken, South Carolina.
"Winning the Containment Filtration System award solidifies
Flanders as the industry's leading supplier of Nuclear Glove boxes
and Containment Filtration Equipment," said Tom Morse, VP of High
Purity Operations. "We are excited to be a part of these
groundbreaking advances."
"This process has taken more than a year to finalize," said Gary
Chrismon, Director Glove Box Sales. "The MOX Team worked very hard
to secure this order and has performed at an exceptional level.
Through the total company commitment to the MOX project, this order
and the additional glove box orders previously announced emphasize
Flanders' proven ability as the leading supplier to Shaw Areva MOX
services and the entire industry."
The project is expected to begin in the fourth quarter 2009 and
will take approximately a year from design through delivery.
Flanders has a robust and mature Nuclear Quality Assurance
program that meets the requirements of ASME NQA-1. Our Quality
Assurance program is designed to ensure the delivery of the highest
quality products that exceed all regulatory and safety requirements
to our customers. This program is routinely audited for compliance
by our customers within the Nuclear Industry.
About the MOX Project
In 1999, the National Nuclear Security Administration (NNSA)
signed a contract with a consortium, now called Shaw AREVA MOX
Services, LLC to design, build, and operate a Mixed Oxide (MOX)
Fuel Fabrication Facility. This facility will be a major component
in the United States' program to dispose of surplus weapon-grade
plutonium. The 600,000 square foot facility will take surplus
weapon-grade plutonium, remove impurities, and mix it with uranium
oxide to form MOX fuel pellets for reactor fuel assemblies. For
more information visit http://www.moxproject.com/
About Flanders
Flanders is a leading air filtration products manufacturer.
Flanders' products are utilized by many industries, including those
associated with commercial and residential heating, ventilation and
air conditioning systems, semiconductor manufacturing, ultra-pure
materials, biotechnology, pharmaceuticals, synthetics, nuclear
power and nuclear materials processing.
For further information on Flanders and its products, visit its
web site at http://www.flanderscorp.com/ or contact Kirsten Chapman
or Tim Dien at (415) 433-3777.
Safe Harbor Statement
The statements made in this press release regarding Flanders
executing its strategy and achieving its goals of improved
productivity and EBITDA growth are based on the current
expectations and beliefs of the management of Flanders and are
subject to a number of risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. For a more detailed discussion of risk
factors that may affect Flanders' operations, please refer to the
Company's Form 10-K for the year ended December 31, 2008, Form 10-Q
for the periods ended September 30, 2008, March 31, 2009 and June
30, 2009. These forward-looking statements speak only as of the
date on which such statements are made, and the Company undertakes
no obligation to update such forward-looking statements, except as
required by law.
Company Contacts: Gary Chrismon, Director Glove Box Sales John
Oakley, CFO Flanders Corporation (252) 946-8081 Investor Relations
Contacts: Lippert / Heilshorn & Associates Kirsten Chapman/ Tim
Dien Email Contact (415) 433-3777
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