ATG Awarded New Waste Processing Contract; Contract Valued at over $22 Million for Five Years.Business Editors FREMONT, Calif.--(BUSINESS WIRE)--March 15, 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 mixed waste treatment services, announced today that the company has been awarded a three-year contract by Bechtel Jacobs Company LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control for the transportation, processing, and disposal of various types of low-level radioactive wastes from all five Department of Energy (DOE) Oak Ridge, Tennessee Oak Ridge is an incorporated city in Anderson and Roane Counties in East Tennessee, about 25 miles northwest of Knoxville. Oak Ridge's population was 27,387 people at the 2000 census. operations. The indefinite quantity contract has two one-year options and amounts to up to $22.1 million over the full five-year period. Three of the five DOE sites are located in Oak Ridge, the fourth is the Paducah Gaseous Diffusion Plant in Paducah, Kentucky, and the fifth is the Portsmouth Gaseous Diffusion Plant The Portsmouth Gaseous Diffusion Plant is a facility located in Piketon, Ohio that produced enriched uranium, including weapons-grade uranium, for the Unites States atomic energy program and US nuclear weapons program. in Portsmouth, Ohio. ATG's scope of work on the contract also includes providing assistance with the development and implementation of plans and procedures that will enable Bechtel Jacobs to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose waste at the DOE's Hanford and Nevada Test Site The Nevada Test Site is a United States Department of Energy reservation located in Nye County, Nevada, about 65 miles (105 km) northwest of the City of Las Vegas, near . burial facilities. The contract will make use of a variety of ATG thermal and non-thermal, low-level radioactive waste processing capabilities, including the company's SAFGLAS thermal treatment process, with treatment occurring primarily at ATG's Richland, Washington facilities. "Although we have devoted significant efforts to establishing new commercial contracts for waste processing over the past two years, this Bechtel Jacobs contract, combined with other government contracts that we are seeking, should help flatten the seasonal fluctuations that exist in the commercial sector alone," said Doreen Chiu, Chief Executive Officer, of ATG. "This contract is one of several that we've been awarded by Bechtel Jacobs and we are pleased to see our relationship with them continuing to prosper." Bill Hewitt, President of ATG Waste Management Services, added "This is a landmark contract, in that Bechtel Jacobs clearly recognizes that the value offered by ATG fully warrants shipping major quantities of government wastes to Richland for processing, rather than continuing to rely solely on local Oak Ridge firms." 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 treatment solutions for low-level radioactive and low-level mixed wastes 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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