- Perma-Fix Environmental Services Inc (NASDAQ:PESI) and Westinghouse Electric Company signed a term sheet at the 2022 Waste Management Symposia, indicating plans to develop a state-of-the-art advanced materials treatment facility in the U.K. Financial terms were not disclosed.
- The facility aims at expanding waste treatment capabilities for the European nuclear market. Westinghouse will own 55% of the initiative, and Perma-Fix will own the balance.
- The new facility will incorporate the Perma-Fix Bulk Processing Unit (BPU), a vessel designed to treat radioactive materials. The BPU accepts various material types while reducing waste volume by 30 to 100 times.
- Price Action: PESI shares are trading lower by 2.36% at $5.80 on the last check Monday.
Ethereum, Dogecoin Fall Harder Than Bitcoin: Crypto Investors’ Pain Shows No Sign Of Easing Even As Stocks Bounce
Ethereum fell sharply, while Bitcoin faced relatively lower strain at press time on Thursday evening, as the global cryptocurrency market cap decreased 3.7% to $1.2 trillion.
