Perma-Fix Environmental Services, Inc. announced it has been notified by the European Commission (EC) of its intent to award a joint venture of which the Company and Campoverde Srl are 50/50 partners, a multi-year contract, valued at up to EUR 50 million, for the treatment of radioactive waste from the Joint Research Center (JRC) in Ispra, Italy. Finalization of this award is subject to execution of a contract by the parties and, until executed, may be withdrawn by the contracting authority. The Company also provided an update on the Test Bed Initiative for offsite treatment and disposal of Hanford Low Activity Waste (LAW).

The United States Environmental Protection Agency (EPA) released a proposal to grant a treatability variance from the Land Disposal Restrictions (LDR) treatment standards for the U.S. Department of Energy (DOE) for approximately 2,000 gallons of mixed low-activity waste from the Hanford Site in Washington State. If the variance is granted, DOE announced the waste could be stabilized and disposed of at the nation's two long-term disposal landfills in Texas and Utah. Perma-Fix remains confident that Northwest facility provides the safest, low-risk and most cost-effective option for this waste, by grouting tank waste locally in Richland, Washington, adjacent to the Hanford Site.

The DOE has been highly supportive of offering, which would include the use of local union labor to grout the tank waste, and would utilize rail to transport stabilized tank waste to the disposal facilities adjacent to the Hanford site.