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Infrastructure

Perma-Fix Scores Nuclear Clean-Up Subcontract (PESI)

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By Douglas A. McIntyre Published
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Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) has been awarded a subcontract through its East Tennessee Materials & Energy Corporation subsidiary for waste management and facility operations at the Department of Energy Hanford, Washington Site.

M&EC is a small team member of the CH2M Hill Plateau Remediation Company team led by CH2M Hill Constructors, Inc., which has been awarded the contract by the DOE for the Plateau Remediation Contract at Hanford. The total contract awarded to the group is a cost-plus contract valued at approximately $4.5 billion over 10 years, which is a 5-year base period with the option to extend it for another five years.

While this will be a strong award for the company, this is a subcontract and the exact amount is not known until we see the actual quarterly or annual reports.

Perma-Fix is a very small company with its entire revenues being $54.1 million in all of 2007 and $87.9 million in 2006.

Jon C. Ogg
June 20, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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