American Ecology Awarded New Contracts.Business Editors BOISE, Idaho--(BUSINESS WIRE)--March 15, 2000 Zaki Naser, executive vice president of American Ecology Corporation (Nasdaq:ECOL ECOL es.comp.os.linux.* (newsgroups) ECOL Emmanuel Church of Lakewood (San Francisco, CA) ), today announced that the Company's US Ecology, Inc. subsidiary has been awarded two contracts for the removal and disposal of radioactive material radioactive material Radiation A substance that contains unstable–radioactive–atoms that give off radiation as they decay. See Radioactive decay. from contaminated buildings in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Texas. "The New York and Texas contracts are expected to generate more than $1.5 million in revenue for the Company by the end of the third quarter of this year," Naser indicated. The first contract, to remove and process radioactively contaminated air ducts at Brookhaven National Laboratories in Upton, New York Upton, New York is a hamlet on Long Island in the town of Brookhaven. It is the home of Brookhaven National Laboratory and of the National Weather Service station that provides forecasts for New York City, Long Island, the Lower Hudson Valley, southern Connecticut and northeastern , is slated to begin in May, 2000. The job requires processing of approximately 1.2 million pounds of concrete and is part of an effort to decommission de·com·mis·sion tr.v. de·com·mis·sioned, de·com·mis·sion·ing, de·com·mis·sions To withdraw (a ship, for example) from active service. an experimental nuclear reactor. Work will be performed by US Ecology Field Services in coordination with teaming partner Dames & Moore Group. The second contract is to survey, decontaminate de·con·tam·i·nate tr.v. de·con·tam·i·nat·ed, de·con·tam·i·nat·ing, de·con·tam·i·nates 1. To eliminate contamination in. 2. and demolish three buildings in Houston, Texas for a private client in the oil and gas exploration business. US Ecology will remove contaminated building materials, perform safety surveys, and then package and transport all resulting wastes for final disposal. Work on the contract is scheduled to begin in April 2000. "These contracts underscore US Ecology's ability to efficiently serve customer needs through combined expertise in 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. , waste transport and processing, and environmentally sound disposal," Naser commented. "We are particularly pleased that our successful completion of an earlier contract with Brookhaven National Laboratories has led to this additional business," Naser added. American Ecology Corporation, through its subsidiaries, provides a variety of radioactive, PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. , hazardous and non-hazardous waste services to commercial and government customers throughout the United States, such as nuclear power plants, medical and academic institutions and petro-chemical facilities. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services Company in the United States. This press release may contain forward-looking statements that are based on our current expectations, beliefs, and assumptions about the industry and markets in which American Ecology Corporation and its subsidiaries operate. Actual results may differ materially from what is expressed in these forward-looking statements and there can be no assurance given that the Company can secure additional contracts. American Ecology has no duty or obligation to update any forward-looking statement made herein. Please refer to American Ecology Corporation's most recent quarterly and annual reports filed with the Securities and Exchange Commission. |
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