American Ecology Subsidiary Lands Waste Processing and Disposal Contracts; Work Underway on Hazardous and Radioactive Waste Projects Valued at $6.3 Million.Business Editors BOISE, Idaho--(BUSINESS WIRE)--Sept. 18, 2000 Zaki Naser, executive vice president and operations manager at American Ecology Corporation (Nasdaq:ECOL), today announced that subsidiary US Ecology, Inc. has extended a major hazardous waste disposal contract and entered a new 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. The recent awards have a combined value of approximately $6.3 million. "Last week, our Beatty, Nevada, hazardous waste facility and 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. , nuclear materials management center began receiving the first waste shipments stemming from these two important contracts," stated Naser. US Ecology's Beatty facility extended an existing contract with TAMCO TAMCO theater Army movement control center (US DoD) Steel, one of the nation's premier steel manufacturers, 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 air emission control waste from a steel mill in southern California. "We are proud of the confidence this major customer places in our Beatty disposal facility, which we believe is the environmentally superior disposal alternative in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century ," Naser added. Work under the contract extension is expected to be completed by year end. US Ecology's Oak Ridge team entered a five year, $4 million contract with the Tennessee Valley Authority Tennessee Valley Authority (TVA), independent U.S. government corporate agency, created in 1933 by act of Congress; it is responsible for the integrated development of the Tennessee River basin. ("TVA"). "The job, secured through an intensely competed bidding process, encompasses a broad range of waste handling services for TVA's Sequoyah, Watts Bar and Browns Ferry Nuclear Power stations This is a list of major nuclear power plants in all countries in the world. This is an incomplete list. You can help Name of power station Installed capacity in MW Country Atucha I nuclear power plant 357 Argentina ," Naser explained. 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. The company provides scientific solutions that protect people and the environment from radioactive and hazardous materials. Headquartered in Boise, Idaho, the Company is the oldest radioactive and hazardous waste services Company in the United States. This press release contains 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 herein and no assurance can be given that the company will secure additional contracts. For information on factors that could cause actual results to differ from expectations, please refer to American Ecology Corporation's Report on Form 10-K filed with the Securities and Exchange Commission. |
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