Duratek Awarded Contract for a Nuclear Power Plant Large Component Removal and Radioactive Material Disposition Services.COLUMBIA, Md. -- Duratek, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DRTK) today announced the award of a contract from Dairyland Power Cooperative for the removal and disposition of a 175-ton reactor pressure vessel and other low level radioactive material radioactive material Radiation A substance that contains unstable–radioactive–atoms that give off radiation as they decay. See Radioactive decay. from the Lacrosse lacrosse (ləkrôs`), ball and goal game usually played outdoors by two teams of 10 players each on a field 60 to 70 yd (54.86 to 64.01 m) wide by 110 yd (100.58 m) long. Two goals face each other 80 yd (73. power plant. Other materials for disposition include irradiated hardware in the spent fuel pool Spent fuel pool (SFP) are storage pools for spent fuel from nuclear reactors. Typically 40 or more feet deep, with the bottom 14 feet equipped with storage racks designed to hold fuel assemblies removed from the reactor. , ion exchange ion exchange n. A reversible chemical reaction occurring between an insoluble solid and a solution during which ions may be interchanged, used in the separation of radioactive isotopes. media, and filters. The power plant located in Wisconsin has been shut down since 1987. The contract, which starts immediately, is valued in excess of $16 million and subject to regulatory approvals, will be completed over the next two years. This project is a comprehensive large component removal and disposition contract that includes engineering, licensing, plant modifications, heavy rigging and lifting services to safely remove the vessel from the containment building and then place it on the transport vehicle for transportation to disposal. Robert Prince, president of Duratek, said, "This project represents a significant step in the eventual completion of the decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
Duratek provides safe, secure radioactive materials disposition and nuclear facility operations for commercial and government customers. Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 21E(i)(1) of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Duratek's actual results to be materially different from any future results expressed or implied by these statements. Such factors include the following: the Company's ability to manage its commercial waste processing operations, the timing and award of contracts by the U.S. Department of Energy for the cleanup of waste sites administered by it; the acceptance and implementation of the Company's waste treatment technologies in the government and commercial sectors; and other large technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services projects; the Company's ability to successfully add revenues from new contracts; and the timing of completing existing contracts. All forward-looking statements are also expressly qualified in their entirety by the cautionary statements included in the Company's SEC filings, including its quarterly reports on Form 10-Q Form 10-Q See 10-Q. and its annual report on Form 10-K. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion