Perma-Fix Environmental Services Inc (NASDAQ:PESI), a nuclear and waste management services company, said Monday that it received "overwhelmingly positive feedback” from industry executives at its recently hosted three-day 17th Nuclear Waste Management Forum.
In a statement, the Atlanta, Georgia-based group said that the annual forum, which ran from December 2-4, in Nashville, Tennessee saw intense participation from nearly 200 industry executives.
The forum focused on radioactive waste and remediation challenges within the US Department of Energy complex along with new technologies and innovations in development to provide near-term solutions. The annual event provided industry leaders an opportunity to network with experts from a variety of US and international waste generator sites, government officials, and other small and large businesses.
READ: Perma-Fix Environmental Services posts sharp hike in 3Q revenue thanks to government contract wins
Featured speakers included Anne White, former assistant energy secretary for environmental management, and officials from the US Department of Energy. One of the more popular events was a featured panel on women in the nuclear energy industry.
"This year's conference was a major success, as we provided a unique forum for Perma-Fix to strengthen existing relationships with clients and partners, while delivering a platform to review new developments in technologies and facilities to address the most complex waste management challenges in our industry,” said CEO Mark Duff.
Providing unmateched value
The Perma-Fix boss said the company is committed to providing its customers and partners “unmatched value” in the marketplace, a mantra that has resonated with customers and resulted in a number of new projects with both governmental and commercial projects.
It also reflected positively in the company’s third quarter business and financial results. In the three months until the close of September, Perma-Fix posted an 88% jump in revenue to $22.5 million, up from the $12 million reported in the same period a year ago.
Perma-Fix’s services include the treatment of radioactive waste for hospitals and research labs as well as the Department of Energy and the Department of Defense. And this division boomed in the quarter, with revenue growing to $12.4 million from $2.9 million in the year-ago period.
“As Perma-Fix continues to grow and address new market challenges, this event serves as an ideal venue to discuss detailed customer issues and solutions, including technical considerations, as well as providing opportunities to team with other industry leaders and clients,” said Duff.
“This event and the positive feedback from the industry further illustrate our growing reputation as a leader in the nuclear waste industry, with unique treatment capabilities, a growing service business, and impeccable safety record,” he added.
The forum drew speakers from nuclear utility plants, international entities and US Department of Energy programs. During the forum, Perma-Fix introduced its latest technologies and applications regarding waste characterization, packaging, treatment, transportation, and disposition while sharing lessons learned that could improve safety and efficiency for projects.
Among topics discussed were Perma-Fix's most recent upgrades to its facilities to support client initiatives, as well as an introduction of the Perma-SortSM soil segregation process.
Contact the author Uttara Choudhury at [email protected]
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