Duratek (NASDAQ:DRTK)
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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.