GTS Duratek Announces Three New Patents
COLUMBIA, MD. (March 29) BUSINESS WIRE -March 29, 1999--GTS Duratek Inc. (Nasdaq:DRTK) announced today that thus far in 1999, GTS Duratek has been issued three new U.S. patents.
This brings the total number of patents to which the Company has rights to approximately 124 Foreign Patents and 83 U.S. Patents. The patents are for various equipment and processes primarily relating to radioactive waste treatment.
One of the new patents was a sole issue to an employee of GTS Duratek, an engineer who has been working with GTS Duratek for a number of years in developing and perfecting its vitrification technology. The patent is for an apparatus that recirculates molten glass within a DuraMelter(TM).
It facilitates mixing of the glass pool, which allows for a more homogeneous mixture, and it evens the temperature throughout all areas of the melt pool. It also can be used as glass-melt discharge device. It has been installed on the BNFL-owned pilot test melter at GTS Duratek's corporate headquarters.
This melter provides engineering data for the design of the vitrification units for the BNFL led Tank Waste Remediation Project (TWRS) at the Department of Energy's (DOE) Hanford site in Washington, the largest environmental cleanup project ever undertaken in this country.
Vitrification safely converts radioactive waste into glass, one of the most stable substances known to man. Once vitrified, the contaminants are part of the structure of the glass.
Robert E. Prince President and CEO, said, "GTS Duratek implements many technologies that reduce volume and mass or stabilize radioactive wastes, not just vitrification. Furthermore, we are beyond the developmental stage with all of our available technologies. GTS Duratek is the leader in providing technologies that safely and cost-effectively solve our customers radioactive and hydrocarbon waste issues."
GTS Duratek implements technologies and provides services, many of which are related to managing radiation and treating radioactive and hydrocarbon waste.
The Company has included in its periodic filings under the Securities Exchange Act of 1934, including its Form 10-Q for the quarter ended Sept. 30, 1998, pursuant to the "safe harbor" provisions contained in the Private Securities Litigation Reform Act of 1995, certain cautionary statements which are intended to identify certain important factors that could cause the Company's actual results to differ materially from those contained in forward-looking statements of the Company made by or on behalf of the Company.
Reference is made to such statements for a complete discussion of those factors, which include the ability to manage the commercial waste processing operations acquired from SEG and to obtain additional waste processing contracts, future awards by the DOE and other governmental agencies, public and political concerns surrounding radioactive waste clean-up efforts, and the timing of contract awards, extensions, and non-renewals in the technical support services area.
Also, as stated herein, the timing of contracting efforts, and timing and success in new contract awards have affected period-to-period comparisons and are expected to do so in the future.
-0- KMK/ph*
CONTACT: GTS Duratek
Diane R. Brown, Investor Relations
Robert F. Shawver, Exec. V.P.
410/312-5100
www.gtsduratek.com
KEYWORD: MARYLAND
INDUSTRY KEYWORD: ENVIRONMENT ENMED ENERGY Today's News On The Net
- Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com