Agreement could potentially double annual sales
IDAHO FALLS, Idaho, Aug. 22 /PRNewswire-FirstCall/ -- International Isotopes Inc. (OTC Bulletin Board: INIS), announces it has entered into an agreement with Alpha Omega Services (AOS), of Bellflower California, to be their exclusive worldwide distributor for a new family of Type B(U) radioactive material transportation containers.
AOS has been working on the development and licensing of these containers, as well as working with INIS on the distributor agreement, for about two years. These AOS containers will be the newest Type B(U) package designed in the United States and will meet all of the most current International Atomic Energy Agency regulations for the safe transport of radioactive material. The AOS containers are intended to replace dozens of models of radioactive material containers currently used by U.S. government and commercial interests that will no longer be approved for use in the U.S. after October 1, 2008. Those containers include the entire inventory of Department of Transportation 20 WC series Specification Packages as well as many of the packages previously approved by the NRC that were designed and tested against the 1967, 1973, and 1973A Editions of TS-R-1 regulations.
Steve T. Laflin, President and CEO, said, "The change in Type B
container regulations has created a significant opportunity for the
Company. We expect revenue realized through this distributor agreement
could potentially double our annual sales. The AOS containers will be
offered in a range of sizes and capacities that will permit them to meet a
wide range of applications including transportation of radioisotopes,
activated materials, and even irradiated fuel. The versatility of these
containers, and the elegance of their design, is expected to make them
attractive to customers looking for alternatives to containers that will
lose their approval status in the coming year. INIS and AOS will be
|SOURCE International Isotopes Inc.|
Copyright©2007 PR Newswire.
All rights reserved