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Perma-Fix Signs Option Agreement to License Technology for Use in Proprietary Process to Produce Medical Isotopes
Date:6/3/2011

0,000 procedures per day in the United States alone.  Today's shortages are exacerbated by the present shutdown of the National Research Universal reactor at Chalk River Laboratories in Canada, the major source of Tc-99m in the U.S.

Perma-Fix's new Mo-99 production process encompasses the full production cycle from reactor to final medical supply.  Unlike conventional sources, the new process can produce Tc-99m from natural Molybdenum using research or commercial reactors and offers important advantages over the current production methods, including a more stable supply of the radioactive isotope.

Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, "We are very excited to unveil this breakthrough technology.  There are a number of important benefits to our new process.  First, we believe this technology has the potential to alleviate the worldwide shortages of Tc-99m, due to its use of readily-available, natural Molybdenum, rather than highly enriched uranium.  Additionally, we believe that this technology can be easily deployed around the world using standard research and commercial reactors, thereby eliminating the need for more special purpose reactors.  We expect this process will be much better for the environment since waste generated during the production process is more readily treated and disposed.  Until now, there were no viable treatment or disposal options for the waste generated from production of these isotopes.  Moreover, our process is far less expensive and does not require the use of government-subsidized, weapons-grade materials.  As a result, we expect our process will alleviate major concerns about nuclear proliferation, which have plagued the industry."

Dr. Centofanti continued, "In addition to our proprietary processes, we believe we are well positioned to commercialize this technology due to our unique facilities and permits. Our facilities have been used i
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SOURCE Perma-Fix Environmental Services, Inc.
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