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Stock impact report

Perma-Fix Joint Venture Awarded $40 Million, 5-Year USACE Contract for Environmental Remediation at the Niagara Falls Storage Site

Perma-Fix Environmental Services, Inc. (PESI) 
US:NASDAQ Investor Relations: perma-fix.com
Company Research Source: GlobeNewswire
ATLANTA, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced its joint venture, Enviro-Fix Solutions, LLC, in which it owns a 45% ownership stake, has been awarded a $40 million, 5-year contract by the Buffalo District of the U.S. Army Corps of Engineers (USACE) for environmental remediation at the Niagara Falls Storage Site (NFSS). Enviro-Fix is a joint venture between ECC of Burlingame, CA and Perma-Fix to provide remediation and waste management services for the USACE clean-up mission. NFSS occupies approximately 1,500 acres of the original 7,500 acre Lake Ontario Ordnance Works (LOOW), a former trinitrotoluene manufacturing facility built during the 1940s. In 1944, the LOOW was reassigned to the Manhattan Engineer District and began to be used as a storage location for radioactive residues and other radioactive material that resulted from the development of the atomic bomb. NFSS is a designated Formerly Utili Show less Read more
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