Studsvik has signed an agreement with Ringhals for the treatment of three steam generators and two reactor pressure vessel heads. The objective of the treatment, which will take place at Studsvik's facilities, is substantial reduction of the volume of radioactive waste that would otherwise all have to be stored and cleaning and subsequent recycling of most of the metal in the large components. Delivery to Studsvik will be in 2011 and treatment is expected to be completed in 2012. The total order value is about SEK 50 million.
"The agreement with Ringhals is further confirmation of Studsvik's world-leading position in the area of waste treatment of large end-of-life components from the nuclear industry, such as steam generators, turbines and heat exchangers. We are very pleased that the treatment concept and technology we have developed have proved to meet the requirements imposed by Ringhals as regards safety, environment and technical results," comments Magnus Groth, CEO and President of Studsvik AB.
For further information please contact:
Magnus Groth, President and Chief Executive Officer, Studsvik AB,
+46 155 22 10 86 or +46 760 02 10 86 or
Mats Fridolfsson, Head of Segment Sweden, +46 760 02 10 64
Facts about Studsvik
Studsvik offers a range of advanced technical services to the international nuclear power industry in waste treatment, decommissioning, engineering and services, and operating efficiency. The company has 60 years experience of nuclear technology and radiological services. Studsvik is a leading supplier on a rapidly expanding market. The business is conducted through five segments: Sweden, United Kingdom, Germany, USA and Global Services. Studsvik has 1 200 employees in 8 countries and the company's shares are listed on NASDAQ OMX Stockholm.
Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on July 4, 2011 at 08:30 AM CET.