RW Monitor
7/18/2014
IN THE INDUSTRY
Alan Solow will be leaving his role as CEO of Cabrera Services later this year in order to assume the role of President and CEO of Weston Solutions, Inc. Lorenzo Cabrera will assume the CEO position at Cabrera following a transition period this summer and Alan will remain on the Company’s Board of Directors. This marks a return to Weston for Alan who spent two decades working in a variety of positions, including Manager of Federal Programs and Chief Operating Officer. He was also elected to Weston’s Board of Directors in April 2014. "I am very proud of the Cabrera team and appreciate their understanding and willingness to work with me through this transition," Solow told RW Monitor. "Having gone through a significant transformation, Cabrera has been successful in diversifying to serve current and new clients and is on its way to meeting its growth Vision. I am excited to help continue moving the company forward and continuing my support of Cabrera’s growth strategies as a member of the Board of Directors. Cabrera has solid leadership and a strong management team in place, ensuring its continued successes well into the future."
Perma-Fix Environmental Services announced late last week that it has been awarded a contract for $8 million to provide remediation services to a site in New Jersey. The contract is for 12 months at a former industrial site located in Teterboro, N.J., and work is set to begin this month with an end date of June 2015. Both the New Jersey Department of Environmental Protection (NJDEP) and the U.S. Environmental Protection Agency have oversight responsibilities for the site. “We look forward to supporting this important cleanup effort,” Perma-Fix Chairman and CEO Lou Centofanti said in a statement. “Perma-Fix was selected based on our successful track record addressing the types of environmental conditions present, as well as our ability to cost effectively remediate the site.” Perma-Fix will perform the work under the oversight and direction of O’Brien & Gere Engineers, Inc. and their Licensed Site Remediation Professional pursuant to the remedial action work plan under review for approval by the NJDEP, the company said.
NorthStar Medical Radioisotopes broke ground this week on its new 50,000 square foot facility in Beloit, Wis. that will host its headquarters and activities related to the production of molybdenum-99 (Moly-99). NorthStar is one of several companies looking to take advantage of the up-coming Moly-99 shortage in 2016, and the company is currently seeking Food and Drug Administration approval for its production process. According to the company, the facility, expected to be completed by the end of 2014, will provide ancillary processes, packaging, and products, including final assembly and testing of the proprietary RadioGenix intelligent isotope separation system. “Today’s groundbreaking is an exciting milestone for NorthStar Medical Radioisotopes and an important step toward achieving the goal of establishing a reliable and commercially viable domestic source of Mo-99,” NorthStar President and CEO George Messina said in a statement.
USEC received an additional $5.4 million from the Department of Energy this week to support the American Centrifuge technology. The funding is enough to cover work through Aug. 5, USEC said in a filing with the Securities and Exchange Commission. Since May, the company has been performing work under a subcontract with Oak Ridge National Laboratory with an aim to preserve the technology and maintain and demonstrate operations of the centrifuges. Total funding so far comes to about $21.3 million, while the base term of the subcontract runs until Sept. 30 for a total of $33.7 million. There are two six-month $41.7 million option periods that would run the program through FY’15.
