Morning Briefing - October 03, 2018
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October 03, 2018

International Isotopes Awarded $1.6M in DOE Radioactive Source Recovery Work

By ExchangeMonitor

Idaho Falls-based nuclear medicine specialist International Isotopes on Tuesday said it had been awarded over 12 distinct contracts worth a total of $1.6 million for recovery of radiation sources in the United States and abroad.

The Department of Energy issued all the contracts, with the work largely to wrap up within half a year, according to a press release from the company. In each case, International Isotopes will decommission retired radiation therapy and irradiation systems.

The business will further strengthen International Isotopes’ radiological services segment, which for the first half of 2018 boosted revenue by 178 percent on a year-over-year basis, the release says.

The company employs a mobile hot cell that can be installed at a facility for source recovery. The work is housed within International Isotopes’ radiological field services business line, which in 2017 represented 18 percent of the company’s total revenue.

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