Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Q4 2022 Earnings Call Transcript

Stephen Fein: Finally, there has been a tank maintenance contract for the tank farm sitting out there for award. It is for 10 years and $45 billion. Perma-Fix is part of the two consortiums bidding. If Perma-Fix consortium wins, Perma-Fix would have people on the ground at the tank form, irrespective any treatment at their Northwest plant. The contract encompasses maintaining the tank’s waste to running the vitrification plant. In any case, Perma-Fix will treat waste. That is the given. And of course, it will be a significant impact to the financials of Perma-Fix. Over the last year, I have commented at the DOE, a college in interior Washington State, had comments by court order included in the files of the Consent Decree. And my comments are publicly included in the National Academy study in a low-level waste in Hanford.

In this vein, I urge you to speak to your congressional representatives in order to start treating waste at the Hanford tank farm. There is no reason that Perma-Fix should not be treating waste right now. I am done.

Mark Duff: Alright. Thanks. We appreciate your passion on this topic, Stephen, and your support. I do have to say that statements that were made by Stephen were Stephen alone and don’t necessarily reflect all the views and opinions of PESI as a company. But we appreciate your support, Stephen.

Stephen Fein: Thank you.

Mark Duff: I would like to thank everyone for participating in the fourth quarter and year-end conference call. We remain extremely confident in the outlook for the business. We appreciate the continued support of our shareholders and we look forward to providing further updates as developments unfold this quarter. Thank you very much.

Operator: Thank you everyone. This concludes today’s event. You may disconnect at this time and have a wonderful day. Thank you for your participation.