ARCADIS' GRiP Achieves Regulatory Closure for Stanley Works Site.Business Editors/Environment Writers DENVER--(BUSINESS WIRE)--April 11, 2003 ARCADIS (Nasdaq:ARCAF)(EURONEXT:ARCAD) announced today that it has achieved regulatory closure through its Guaranteed Remediation Program (GRiP(R)) for the Stanley Works at a former steel strapping strap·ping adj. Having a sturdy muscular physique; robust. n. 1. Straps considered as a group. 2. Material for making straps. manufacturing site located in Pittsburg, California For other places with the same name, see Pittsburg. Pittsburg is a city located in north central Contra Costa County, California, the outer portion of the East Bay / San Francisco Bay Area. . A leaking underground storage tank An Underground Storage Tank (UST), in United States environmental law, is a tank and any underground piping connected to the tank that has at least 10 percent of its combined volume underground. resulted in the release of xylenes to surrounding soils as well as floating xylene xylene (zī`lēn) or dimethylbenzene (dī'mĕthəlbĕn`zēn), C6H4(CH3)2 solvent on the groundwater. Stanley assumed responsibility for remediating the release following the transfer of the business to a new owner. After experiencing frustration in the length of time and the amount of money that it was taking to address the issue, Stanley contacted ARCADIS. ARCADIS responded to Stanley's need for clean-up and determined that the remediation approach could be improved at a substantially lower cost than other consultants. ARCADIS presented a fixed-fee plan which guaranteed the clean-up and presented a $500,000 savings by using an innovative remediation technology. ARCADIS achieved a No Further Action (NFA NFA - Finite State Machine ) from the regulatory agency regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. on October 30, 2002, thus effectively bringing closure of the remediation for Stanley. Once the NFA was received, ARCADIS began dismantling dis·man·tle tr.v. dis·man·tled, dis·man·tling, dis·man·tles 1. a. To take apart; disassemble; tear down. b. the remediation system which was completed in February 2003. "We are very pleased with the service and results provided by ARCADIS and its fixed-fee plan. This approach eliminated most of the risk and uncertainty associated with achieving an end point that is acceptable to a regulatory agency as well as the ultimate cost of the project," said Jacqueline Wetzsteon, Corporate Manager of Environmental Affairs for Stanley Works. Unlike other guaranteed offerings, ARCADIS places itself at risk first and foremost and self-performs the remediation. Because of our willingness to take on performance risk along with our track record of successful closures, ARCADIS has been able to negotiate insurance protection that is not otherwise available in the marketplace. ARCADIS has been providing guaranteed remediation services under its GRiP(R) since 1994. ARCADIS offers clients a practical business solution for the efficient and cost-effective closure of contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. sites. GRiP(R) combines comprehensive risk management with technical expertise unparalleled in the environmental industry. The result is not only cost savings to the client, but also freedom from future remediation responsibilities and regulatory uncertainty. ARCADIS is a leading, global, knowledge-driven service provider, active in the fields of infrastructure, buildings, environment and communications. With client success central to our total business approach, we fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. project or program needs from concept to completion and beyond. Together, we generate $850 million in annual revenues. There are 8,500 of us, results-oriented people, continually investing in our skills to maximize value while creating viable solutions that assure your success. |
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