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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 [Yahoo! Finance]

Perma-Fix Environmental Services, Inc. (PESI) 
US:NASDAQ Investor Relations: perma-fix.com
Company Research Source: Yahoo! Finance
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 Utilized Sites Remedial Action Program (FUSRAP) site. FUSRAP was established to identify, investigate, and cleanup or control sites that were contaminated above DOE guidelines. Cleanup activities are managed by USACE under the oversight of the U.S. Department of Energy (DOE) Office of Legacy Management. Mark Duff, Chief Executive Officer, stated, “We are honored that our joint venture has been awarded this important contract by USACE to support the DOE Office of Legacy Management's mission to support post-closure responsibilities of the FUSRAP sites, as well as e Show less Read more
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