International Isotopes Inc. Announces the Receipt of Its Air Permit From New Mexico Environment Department for the Company’s Proposed Depleted Uranium De-conversion Facility
HOBBS, N.M., April 3, 2012 /PRNewswire/ — International Isotopes Inc. (OTC Bulletin Board: INIS), a leading manufacturer of nuclear medicine products, is pleased to announce it has received its air permit from the New Mexico Environment Department for the planned depleted uranium de-conversion and fluorine extraction processing facility. While other state permits are necessary prior to the commencement of operations; the State’s issuance of this permit completes permitting actions required in New Mexico to allow the start of construction of the Company’s “green technology” planned facility.
Steve T. Laflin, President and CEO of INIS stated, “We are extremely pleased with the completion of this important permitting milestone for the planned facility. We have found the staff of the New Mexico Environment Department to be very professional, thorough, and supportive of new environmentally conscience technologies such as ours. We appreciate their efforts on the timely completion of our application review and approval of the air permit for our facility. Although the Nuclear Regulatory Commission (NRC) license is not expected to be issued before sometime this fall, the NRC does allow certain pre-license construction activities to take place and the receipt of the New Mexico air permit clears the way, in terms of permitting, for certain pre-NRC license construction to begin.”
About International Isotopes Inc.
International Isotopes Inc. manufactures a full range of nuclear medicine calibration and reference standards, high purity fluoride gases, and a variety of cobalt-60 products such as teletherapy sources. The Company also provides a wide selection of radioisotopes and radiochemicals for medical devices, calibration, clinical research, life sciences, and industrial applications and provides a host of analytical, measurement, recycling, and processing services on a contract basis to clients. The Company is in the licensing and design phase of its planned environmentally friendly, green technology, uranium de-conversion and fluorine extraction processing facility located near Hobbs, New Mexico.
International Isotopes Inc. Safe Harbor Statement
Certain statements in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements with respect to its planned depleted uranium de-conversion and fluorine extraction facility. In particular, statements regarding its planned depleted uranium de-conversion facility. Information contained in such forward-looking statements is based on current expectations and is subject to change. These statements involve a number of risks, uncertainties, and other factors, including the risk that we may not receive the NRC license and we may not be able to raise sufficient funds to construct the planned facility that could cause actual results, performance or achievements of International Isotopes, Inc. to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in International Isotopes, Inc.’s filings with the Securities and Exchange Commission at www.sec.gov, including our annual report on Form 10-K for the year ending December 31, 2011. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and International Isotopes, Inc. undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
FOR MORE INFORMATION CONTACT:
For more information, please visit the Company web site: www.intisoid.com
SOURCE International Isotopes Inc.