Duratek (NASDAQ:DRTK)
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From Jun 2019 to Jun 2024
Duratek, Inc. (NASDAQ:DRTK) today announced the award of
a contract from Dairyland Power Cooperative for the removal and
disposition of a 175-ton reactor pressure vessel and other low level
radioactive material from the Lacrosse power plant. Other materials
for disposition include irradiated hardware in the spent fuel pool,
ion exchange media, and filters. The power plant located in Wisconsin
has been shut down since 1987. The contract, which starts immediately,
is valued in excess of $16 million and subject to regulatory
approvals, will be completed over the next two years.
This project is a comprehensive large component removal and
disposition contract that includes engineering, licensing, plant
modifications, heavy rigging and lifting services to safely remove the
vessel from the containment building and then place it on the
transport vehicle for transportation to disposal.
Robert Prince, president of Duratek, said, "This project
represents a significant step in the eventual completion of the
decommissioning of Dairyland Power Cooperative's sole nuclear power
reactor, thereby assuring DPC's owners of safe and predictable removal
of over 95% of the non-fuel radioactivity at the plant. The
DPC/Duratek team has worked with regulators over the last six months
to develop an innovative approach to meet the site's 2008 waste
disposal deadline."
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.