Celebrating Dr. Louis Centofanti's Innovation in Waste Management

Dr. Louis Centofanti Recognized for Environmental Innovation

ATLANTA, a recent announcement highlighted the exceptional achievements of Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) and its founder, Dr. Louis Centofanti. He was honored with the esteemed Industry Innovation Award at a notable executive gathering focused on environmental advancements and management of hazardous wastes.

A Premier Conference for Industry Leaders

The event brought together leaders from various sectors, centered on pioneering strategies for the management of hazardous and universal wastes throughout North America. Dr. Centofanti's accomplishments over nearly five decades have significantly transformed the landscape of nuclear and hazardous waste treatment, earning him a standing ovation during the awards ceremony.

The Foundational Years

Before establishing Perma-Fix, Dr. Centofanti was instrumental in co-founding PPM, Inc., where he engineered a groundbreaking method for the destruction of polychlorinated biphenyls (PCBs) in oils, resulting in a clean and recyclable oil stream. This innovation quickly set the benchmark for PCB treatment, showcasing his dedication to environmental solutions from the outset.

Establishing Perma-Fix

In 1991, he took a bold step by founding Perma-Fix Environmental Services. His vision included two transformative ideas: utilizing cement plants to recycle waste and developing an EPA-approved technology for on-site hazardous waste treatment, which revolutionized industry practices. Under his guidance, the company became a leader in managing and treating various categories of nuclear waste, including complex challenges at notable sites.

Innovative Technologies Leading the Way

Recently, Dr. Centofanti has driven the advancement of Perma-FAS™, a revolutionary technology aimed at addressing PFAS contaminants. This process achieves chemical destruction of PFAS at lower temperatures, resulting in safe, organic effluents and presenting a sustainable solution to one of today's most critical environmental issues.

A Legacy of Patents and Publications

With over 50 patents and publications to his name, Dr. Centofanti's work has consistently fostered advancements that not only impact environmental metrics positively but also reduce operational costs for various organizations including government entities. His contributions have established regulatory guidelines and industry best practices that define modern hazardous and nuclear waste management.

Impact on Perma-Fix and the Industry

His influence at Perma-Fix is profound, inspiring a commitment to innovation and sustainable practices. Mark Duff, CEO of Perma-Fix, remarked on Dr. Centofanti’s transformative contributions, stating that his relentless pursuit of innovative solutions truly elevates both the company and the wider industry’s resolve to improve environmental health.

As Perma-Fix continues its journey, Dr. Centofanti’s innovative spirit remains pivotal in navigating the complexities of contemporary environmental challenges while striving for effective solutions.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc. is a renowned provider of nuclear services and waste management solutions. Specializing in treatment and management of radioactive and mixed waste for a variety of sectors including hospitals and federal agencies, the company offers extensive services involving project management and environmental restoration across the nation. Their facilities are equipped to handle complex waste management needs efficiently.

Contacts:
David K. Waldman - US Investor Relations
Crescendo Communications, LLC
(212) 671-1021

Herbert Strauss - European Investor Relations
herbert@eu-ir.com
+43 316 296 316

Frequently Asked Questions

What is the Industry Innovation Award?

The Industry Innovation Award recognizes individuals or organizations that have made significant advancements in hazardous waste management and environmental sustainability.

What role did Dr. Centofanti play in Perma-Fix's success?

Dr. Centofanti’s vision and leadership have been instrumental in establishing Perma-Fix as a leader in nuclear waste management and technological innovation.

What is Perma-FAS™ technology?

Perma-FAS™ is a technology developed by Dr. Centofanti that effectively destroys PFAS contaminants, providing an innovative solution to a major environmental challenge.

How has Dr. Centofanti influenced environmental practices?

His work has established industry standards and regulatory guidelines that have positively shaped modern practices in hazardous and nuclear waste management.

What services does Perma-Fix provide?

Perma-Fix offers a range of services including nuclear waste management, project management, environmental restoration, and decontamination to federal agencies and commercial clients.

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