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Perma-Fix Commences Treatment of Characteristic Hazardous Waste Utilizing New Treatment Unit at its South Georgia Facility

April 8, 2009

ATLANTA, April 8 /PRNewswire-FirstCall/ – Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) announced today that it has completed construction and permitting activities related to installation of its proprietary treatment process for characteristic hazardous wastes at its South Georgia facility. Characteristic hazardous wastes are defined as wastes that exhibit one or more of the following characteristics: ignitability, corrosivity, reactivity, or toxicity. The new system designed around the Perma-Fix I process eliminates the hazardous components within the waste using a chemical treatment process. The resulting materials meet all federal and state standards for non-hazardous materials, reducing the costs and risks normally associated with characteristic hazardous waste.

Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, “Our Perma-Fix I process has been used successfully throughout the Company for over 15 years. Installing this process at our South Georgia facility provides companies in the Southeast a lower-cost, as well as a “green” and RCRA compliant solution to many of their hazardous waste problems. Treatment to eliminate hazardous constituents within the waste stream means fewer hazards going into the ground, as would be the case for companies sending these wastes to either a hazardous waste landfill or a hazardous deepwell. Further, because this new treatment process at the South Georgia facility is centrally located within the Southeast, it provides regional customers with a local solution that reduces transportation and disposal costs.”

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc., a national environmental services company, provides unique mixed waste and industrial waste management services. The Company’s increased focus on nuclear services includes radioactive and mixed waste treatment services for hospitals, research labs and institutions, federal agencies, including DOE, DOD, and nuclear utilities. The Company’s industrial services treat hazardous and non-hazardous waste for a variety of customers including, Fortune 500 companies, federal, state and local agencies and thousands of other clients. Nationwide, the company operates seven waste treatment facilities.

Please visit us on the World Wide Web at http://www.perma-fix.com.

This press release contains “forwardlooking statements” which are based largely on the Company’s expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company’s control. Forwardlooking statements include, but are not limited to, “installing this process at our South Georgia facility provides companies in the Southwest a lower cost, as well as a green and RCRA compliant solution to their hazardous waste problems” and “installing the new treatment process at the South Georgia facility is centrally located in the Southwest and it provides regional customers with a local solution that reduces transportation and disposal costs.” These forward-looking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; energy cost; development of new and additional technologies; our ability to apply and market our technologies; adoption of new or additional regulations by applicable federal or state environmental authorities limiting the use of this new process or requiring additional permits which we do not have or unable to acquire; and the additional factors referred to under “Special Note Regarding Forward-Looking Statements” of our 2008 Form 10-K. The Company makes no commitment to disclose any revisions to forwardlooking statements, or any facts, events or circumstances after the date hereof that bear upon forwardlooking statements.

SOURCE Perma-Fix Environmental Services, Inc.


Source: newswire



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