GTS Duratek Announces $8.25 Million Contract.Business Editors COLUMBIA, Md.--(BUSINESS WIRE)--Jan. 18, 2001 GTS Duratek, Inc. (Nasdaq:DRTK) today announced that it was awarded a $8.25 million contract by NAC See network access control. International (NAC) to provide decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
GTS Duratek's commercial customer base includes the 103 operating nuclear plants many of which have or will file for life extension, as well as the 14 that are either in decommissioning or waiting to be decommissioned. For NAC at Yankee Rowe, the Company will be responsible for providing radiological health and safety oversight, waste management program development and implementation, including on-site water processing and off-site waste processing and disposal in support of the closure activities. Robert E. Prince, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "We are very happy with NAC's confidence in our abilities. We were awarded this work on a sole-source basis because of our unique industry capabilities." NAC is recognized worldwide as a leading U.S. nuclear energy and electric utility solutions and services company. NAC specializes in nuclear fuel transport, spent fuel management technology, nuclear fuel cycle Nuclear fuel cycle The nuclear fuel cycle typically involves the following steps: (1) finding and mining the uranium ore; (2) refining the uranium from other elements; (3) enriching the uranium-235 content to 3–5%; (4) fabricating fuel elements; (5) consulting, and IT solutions and implementation. The company's services include fuel procurement and performance evaluations, competitive assessments and knowledge management, utility restructuring, and regulatory and communications planning. GTS Duratek implements technologies and provides services, which protect people from radiation and the environment from radioactive material. GTS Duratek's headquarters is located in Columbia, Maryland and has major offices in 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. , Columbia, South Carolina Columbia is the state capital and largest city of South Carolina. As of 2006, estimates for the population of the city proper is 122,819[1]. Columbia is the county seat of Richland County, but a small portion of the city extends into Lexington County. , Denver, Colorado and Richland, Washington. GTS Duratek has included in its periodic filings under the Securities Exchange Act of 1934, including its Form 10-Q for the quarter ended September 30, 2000 pursuant to the "safe harbor" provisions contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, certain cautionary statements which are intended to identify certain important factors that could cause GTS Duratek's actual results to differ materially from those contained in forward-looking statements of GTS Duratek made by or on behalf of GTS Duratek. Reference is made to such statements for a complete discussion of those factors. |
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