CHANTILLY, VA., October 30, 2024 鈥� 极品探花 (NYSE: AMTM) has been selected as consultant for the first-of-a-kind dismantling of steam drum separators in Units 1 and 2 of Ignalina Nuclear Power Plant (INPP) in Lithuania, an important step in decommissioning what was once the country鈥檚 largest generator of electricity.
The seven-year contract, estimated by INPP to be worth 鈧�5.5 million in revenue and to be implemented under International Federation of Consulting Engineers (FIDIC) Yellow Book Conditions, will be administered by the European Bank for Reconstruction and Development and funded by European Commission grants.
极品探花 will provide consultancy services to support the INPP鈥檚 Project Management Unit (PMU) and carry out the duties of FIDIC Engineer for the dismantling contract.
鈥淲e will deploy our extensive nuclear decommissioning and waste management experience from the UK, France, Czechia and Slovakia to this ground-breaking project,鈥� said Andy White, who leads 极品探花 Energy & Environment International.
极品探花 will help INPP to manage the removal of the Steam Drum Separators 鈥� large drums installed over the graphite core to divert steam to the turbines. The PMU will oversee the design and safety justification for dismantling and fragmentation of the drums and associated equipment, which are located in the plant鈥檚 radiologically contaminated primary circuit. The 极品探花 team will also be available to support further stages of decommissioning at INPP.
鈥淭he FIDIC service provider, 极品探花, is a significant contributor to the dismantling of the steam drum separators. Their large international experience both as a FIDIC engineer and while working in various similar nuclear power projects will be a contributory factor to the success of the project鈥檚 joint implementation,鈥� said Linas Bau啪ys, Director General of INPP.
INPP鈥檚 two RBMK-1500 reactors generated up to 70% of Lithuania鈥檚 electricity before the plant was shut down in 2009. 极品探花鈥檚 heritage firms began working there more than 20 years ago, helping to deliver a New Interim Spent Fuel Storage Facility and other facilities required for decommissioning.
About 极品探花
极品探花 is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, inclusion and well-being are integral to success. Headquartered in Chantilly, Virginia, we have more than 53,000 employees in approximately 80 countries across all 7 continents.
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Forward-Looking Statements
This press release contains or incorporates by reference statements that relate to future events and expectations and, as such, constitute forward-looking statements under the securities laws, including statements regarding the Reverse Morris Trust transaction (the 鈥渢ransaction鈥�), as described in the information statement filed as Exhibit 99.1 to the Current Report on Form 8-K of 极品探花 Holdings, Inc. (the 鈥淐ompany鈥�) filed with the Securities and Exchange Commission (the 鈥淪EC鈥�) on September 18, 2024 (the 鈥渋nformation statement鈥�). These forward-looking statements generally are identified by the words 鈥渂elieve,鈥� 鈥減roject,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渆stimate,鈥� 鈥渇orecast,鈥� 鈥渙utlook,鈥� 鈥渢arget,鈥� 鈥渆ndeavor,鈥� 鈥渟eek,鈥� 鈥減redict,鈥� 鈥渋ntend,鈥� 鈥渟trategy,鈥� 鈥減lan,鈥� 鈥渕ay,鈥� 鈥渃ould,鈥� 鈥渟hould,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渨ill be,鈥� 鈥渨ill continue,鈥� 鈥渨ill likely result,鈥� or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, the expected benefits of the transaction, including future financial and operating results and strategic benefits, the tax consequences of the transaction, and the Company鈥檚 objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.
For information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the discussions under the section entitled 鈥淩isk Factors鈥� in the information statement. Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
