ATG Awarded $3 Million Contract; Company's Services Will Help Preserve Valuable Land Resources.Business Editors & High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--May 16, 2000 ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant Inc. (Nasdaq:ATGC ATGC Adenine,Thymine, Guanine, & Cytosine ATGC Asiantaeth Trwyddedu Hywyr A Cherbydau (Welsh: Driver and Vehicle Licensing Agency, UK) ), a leading provider of low-level radioactive and low-level mixed waste treatment services, today announced that it has been awarded a multiple-year low-level radioactive waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests) processing contract from Flour Hanford Inc. ATG estimates the potential total value of the contract to be approximately $3 million over the two-year base contract period and the two one-year option periods. Flour is the U.S. Department of Energy's (DOE) Management Integration Contractor for the Hanford Reservation near Richland, Wash. The contract, which started on May 9, 2000, is intended to improve the efficiency of low-level waste low-level waste Low-level radioactive waste A specific form of man-made radioactive waste for which there is reasonable assurance that public exposure–should it occur, presents only a fraction of the current dose limits. See Plutonium, Radioactive waste. disposal at Hanford in a manner that preserves valuable land resources Noun 1. land resources - natural resources in the form of arable land natural resource, natural resources - resources (actual and potential) supplied by nature . The work will be performed at ATG's Richland, Wash., facilities. "DOE Hanford is one of ATG's long-time valued customers," said Doreen Chiu, president and chief executive officer of ATG. "This contract brings the value of current DOE Hanford contracts, which includes on-going mixed waste contracts, to over $33 million. We are very pleased to have the opportunity to continue to serve the DOE complex." The low-level waste to be processed includes paper, plastic, wood, metal, glass, asbestos and general debris resulting from the decontamination decontamination /de·con·tam·i·na·tion/ (de?kon-tam-i-na´shun) the freeing of a person or object of some contaminating substance, e.g., war gas, radioactive material, etc. de·con·tam·i·na·tion n. and decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
In performing the work, ATG plans to employ predominantly non-thermal techniques that will reduce the volume of the low-level wastes. ATG will package the processed materials in a manner that fully complies with the Hanford waste acceptance criteria. The processed materials will be returned to DOE for ultimate placement in disposal trenches on the Hanford Reservation. About ATG Inc. ATG Inc. is a radioactive and hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. management company that offers comprehensive thermal and non-thermal solutions for low-level radioactive and low-level mixed waste generated by commercial entities such as nuclear power plants, medical facilities and research institutions, both in the United States and overseas, and by the U.S. Departments of Defense and Energy. This news release may contain 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. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors set forth under "Factors Affecting Future Operating Results" in the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and such other risks detailed from time to time in the Company's other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
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