American Ecology Receives License Expanding Its Ability to Deliver Radioactive Material Field Services
BOISE, ID--(Marketwire - March 19, 2008) - American Ecology Corporation (NASDAQ: ECOL) today
announced that its subsidiary, US Ecology Texas, Inc., has received a
license from the Texas Department of State Health Services to perform
radioactive materials remediation and decontamination services at customer
locations. The Company has provided on-site radioactive materials removal
and packaging services for nearly two decades. The new license expands the
value added services the Company can offer to customers.
The license, which runs through 2018, allows US Ecology Texas to
decontaminate, demolish, remove, characterize, package and transport
radioactive material within specified limits. The license can be used
throughout the United States under reciprocity agreements between Texas and
other state agencies and the federal government.
"This license enhances our ability to offer turnkey solutions to our
customers," commented Stephen Romano, President and Chief Executive Officer
of American Ecology Corporation. "While field services are expected to
remain a niche business primarily utilizing internal resources, our
expanded authority to perform work at customer sites complements our
well-established rail transportation capabilities and other strategies to
direct additional radioactive material to our disposal sites."
About American Ecology Corporation
American Ecology Corporation, through its subsidiaries, provides
radioactive, PCB, hazardous, and non-hazardous waste services to commercial
and government customers throughout the United States, such as steel mills,
medical and academic institutions, refineries, chemical manufacturing
facilities and the nuclear power industry. Headquartered in Boise, Idaho,
the Company is the oldest radioactive and hazardous waste services company
in the United States.