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EnergySolutions Signs 5-Year Disposal Contract With the Army Sustainment Command
| Source: EnergySolutions, Inc.
SALT LAKE CITY, UT--(Marketwire - June 24, 2008) - EnergySolutions, Inc. (NYSE : ES )
announced today it has signed a waste disposal agreement with the Army
Sustainment Command (ASC), in conjunction with the Joint Munitions Command
(JMC) to manage and dispose of Department of Defense Class A low-level
radioactive waste material at the EnergySolutions' Clive disposal facility.
The contract has a value of up to $25 million and is now in effect with the
first material loaded and expected to arrive at Clive within a month.
"We are delighted to have our Clive Facility serve to ensure the proper
disposal of Class A low level radioactive waste for the Department of
Defense and we appreciate the confidence ASC and JMC officials have in
EnergySolutions to safely manage and dispose of this material," said Steve
Creamer, CEO and Chairman of EnergySolutions.
The Army Sustainment Command (ASC) and Joint Munitions Command (JMC) are
responsible for coordinating the disposition of radioactive materials from
both active and inactive military installations. Both truck and rail
service will be utilized in shipping such material to the Clive facility,
with the majority of it probably arriving by rail. This agreement may also
be utilized by other government agencies beyond the Department of Defense
with JMC approval.
EnergySolutions offers customers a full range of integrated services and
solutions, including nuclear operations, characterization, decommissioning,
decontamination, site closure, transportation, nuclear materials
management, processing, recycling, and disposition of nuclear waste, and
research and engineering services across the nuclear fuel cycle.
Statements in this news release may contain forward-looking statements that
involve risks and uncertainties. Forward-looking statements provide
current expectations of future events based on certain assumptions and
include any statement that does not directly relate to any historical or
current fact. Forward-looking statements are not guarantees of future
performance and the Company's actual results may differ significantly from
the results discussed in the forward-looking statements.