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PERMA FIX ENVIRONMENTAL SERVICES INC
0000891532
2023-07-14
2023-07-14
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported) July 14,
2023
PERMA-FIX
ENVIRONMENTAL SERVICES, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
1-11596 |
|
58-1954497 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
8302
Dunwoody Place, Suite
250, Atlanta,
Georgia |
|
30350 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (770)
587-9898
Not
applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, Par Value, $.001 Per Share |
|
PESI |
|
NASDAQ
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2
of the Securities Exchange Act of 1934.
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Item
8.01 – Other Events.
On
July 14, 2023, Perma-Fix Environmental Services, Inc. (“the Company”) entered into a Project Labor Agreement (“PLA”)
signing event with UA Plumbers & Steamfitters Local 598. A press release dated July 17, 2023 announcing this signing event is attached
hereto as Exhibit 99.1. The goal of this partnership is to supply the Company’s Perma-Fix Northwest Facility (“PFNW”)
with the organized labor force needed to take on the challenges of providing a supplement treatment alternative to include concrete-like
grout for Hanford’s Low Activity Tank Waste if and when the DOE grants a contract to PFNW to treat the Low Activity Tank Waste.
This supplemental capability would support the U.S. Department of Energy’s (“DOE”) glassifying process provided by
the Hanford Vitrification Plant for safe transport and disposal off-site.
Item
9.01 – Financial Statements and Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|
PERMA-FIX
ENVIRONMENTAL SERVICES, INC. |
|
|
|
|
By: |
/s/
Ben Naccarato |
|
|
Ben
Naccarato |
Dated:
July 19, 2023 |
|
Executive
Vice President and Chief Financial Officer |
Exhibit
99.1
Perma-Fix
Partners with UA Plumbers & Steamfitters Local 598 to Provide Safe and Reliable Option For Hanford Tank Waste Grouting and Disposal
ATLANTA
– July 17, 2023 – Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it
held a Project Labor Agreement (PLA) signing event with UA Plumbers & Steamfitters Local 598, on July 14, 2023. The goal of this
partnership is to supply the Perma-Fix Northwest Facility (PFNW) with the organized labor force needed to take on the challenges of providing
a supplement treatment alternative to include concrete-like grout for Hanford’s Low Activity Tank Waste. This supplemental capability
would support U.S. Department of Energy’s (DOE) glassifying process provided by the Hanford Vitrification Plant for safe transport
and disposal off-site. A number of key government officials and community leaders attended the event to express support for the project.
The
U.S. Department of Energy has been exploring options to add more waste treatment capacity for the 56 million gallons of radioactive and
hazardous chemical waste currently stored in underground tanks on the Hanford Reservation.
“Local
598 has always insisted that the men and women performing waste treatment and disposal work must have access to the best safety and health
representation possible,” stated Nickolas Bumpaous, Business Manager of Plumbers and Steamfitters Local 598. “Assuming the
Department of Energy continues to consider the process of grout for Hanford’s least radioactive tank waste, we want to ensure they
have access to the highest skilled and safest labor force in the industry. Our Partnership with Perma-Fix will ensure that the U.S. DOE
has a local contractor with the know-how, skills and safety culture required to achieve Hanford’s cleanup mission”.
“We
are honored to partner and receive the strong support of Local 598, as well as local and government officials, on this important project,”
noted Mark Duff, President and Chief Executive Officer at Perma-Fix Environmental Services. “We share a combined commitment to
the highest levels of safety and environmental stewardship in supporting Department of Energy’s Hanford tank remediation mission.
We believe this relationship with Local 598 increases the value of our offering to DOE while providing a treatment option that can accelerate
the reduction of environmental liability in the region.”
About
United Association of Plumbers & Steamfitters Local Union 598
United
Association of Plumbers & Steamfitters Local Union 598 was established on December 29th , 1944, during the height of the Manhattan
Project with the primary goal of supporting the construction of plutonium production reactors and associated processing facilities sited
at the Hanford reservation. Our Signatory Contractors and the members of Local Union 598 form a team that serves twenty-one counties
in Eastern Washington and Northeastern Oregon and continues to lead the industry with the highest level of training, professionalism
and workplace safety on projects ranging from schools to nuclear facilities.
About
Perma-Fix Environmental Services
Perma-Fix
Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. The Company’s
nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions,
federal agencies, including the DOE, the U.S Department of Defense (“DOD”), and the commercial nuclear industry. The Company’s
nuclear services group provides project management, waste management, environmental restoration, decontamination and decommissioning,
new build construction, and radiological protection, safety and industrial hygiene capability to our clients. The Company operates four
nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities, nationwide.
Please
visit us at http://www.perma-fix.com.
This
press release contains “forward-looking statements” which are based largely on the Company’s expectations and are subject
to various business risks and uncertainties, certain of which are beyond the Company’s control. Forward-looking statements generally
are identifiable by use of the words such as “believe”, “expects”, “intends”, “anticipate”,
“plan to”, “estimates”, “projects”, and similar expressions. Forward-looking statements include,
but are not limited to: would support the glassifying process of the Hanford Vitrification Plant for safe transport and disposal off-site;
and this relationship with Local 598 increases the value of our offering to DOE while providing a treatment option that can accelerate
the reduction of environmental liability in the region. While the Company believes the expectations reflected in this news release are
reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future
outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry
conditions; competitive pressures; our ability to apply and market our new technologies; the government or such other party to a contract
granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates existing
contracts; Congress fails to provides funding for the DOD’s and DOE’s remediation projects; inability to obtain new foreign
and domestic remediation contracts; inability to meet financial covenants; and the additional factors referred to under “Risk Factors”
and “Special Note Regarding Forward-Looking Statements” of our 2022 Form 10-K and Form 10-Q for quarter ended March 31, 2023.
The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after
the date hereof that bear upon forward-looking statements.
Contacts:
David
K. Waldman-US Investor Relations
Crescendo
Communications, LLC
(212)
671-1021
Herbert
Strauss-European Investor Relations
herbert@eu-ir.com
+43
316 296 316
v3.23.2
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PERMA FIX ENVIRONMENTAL SERVICES INC
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