Perma-Fix Environmental Services Inc (NASDAQ:PESI) has inked a new contract in its Services Segment valued at about $7 million over the next eight months.
Under the contract, CEO Mark Duff noted that the company will support the Lawrence Berkeley National Laboratory (LBNL), through the Department of Energy (DoE), with remediation, demolition and waste management services.
“This award further increases our funded backlog and bolsters our Services Segment revenues beginning in the second quarter of 2020,” Duff said in a statement Friday.
“Perma-Fix was able to leverage our recent experience conducting complex remediation and building demolition in radiological environments. This award reflects the success of our project team to establish a technical and management solution that addresses the unique challenges at LBNL to reduce safety risk while meeting the cost and schedule requirements," Duff added.
Based in Atlanta, the company is a leading provider of nuclear and waste-management services and also offers engineering-consulting services to the industrial and commercial sectors.
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