Flanders Corp. Awarded Second Purchase Agreement With Shaw AREVA MOX Services, LLC
June 03 2009 - 7:00AM
Marketwired
Flanders Corporation (NASDAQ: FLDR) was awarded its second purchase
agreement from Shaw AREVA MOX Services, LLC related to the MOX
project at the Savannah River Site (SRS) near Aiken, SC. Flanders
is expected to ship 24 glove box assemblies during 2010 and 2011
for approximately $3.5 million.
"Through our continued diligence, we continue to demonstrate our
ability to add value to the Shaw AREVA MOX project," said Gary
Chrismon, Director of Isolator and Glove Box Sales. "We won our
first order for eight glove boxes, as announced in February, and
through our successful milestones we secured this follow-on order.
We are excited to continue our partnership with Shaw AREVA."
"Our strong engineering and ASME NQA-1 nuclear compliant quality
program operational capabilities are an excellent fit for
weapon-grade plutonium repurposing," stated Tom Morse, Vice
President of High Purity Operations. "Our highly skilled team
creates customized solutions for a variety of extremely specific
containment and filtration applications related to toxic substances
and processes. We are pleased to be able to continue to service the
nuclear industry."
About the MOX Project
In 1999, the National Nuclear Security Administration (NNSA)
signed a contract with a consortium, now called Shaw AREVA MOX
Services, LLC to design, build, and operate a Mixed Oxide (MOX)
Fuel Fabrication Facility. This facility will be a major component
in the United States' program to dispose of surplus weapon-grade
plutonium. The 600,000 square foot facility will take surplus
weapon-grade plutonium, remove impurities, and mix it with uranium
oxide to form MOX fuel pellets for reactor fuel assemblies. For
more information, please visit www.moxproject.com
About Flanders
Flanders is a leading air filtration products manufacturer.
Flanders' products are utilized by many industries, including those
associated with commercial and residential heating, ventilation and
air conditioning systems, semiconductor manufacturing, ultra-pure
materials, biotechnology, pharmaceuticals, synthetics, nuclear
power and nuclear materials processing.
For further information on Flanders and its products, visit its
web site at http://www.flanderscorp.com/ or contact Kirsten Chapman
or Tim Dien at (415) 433-3777.
Safe Harbor Statement
The statements made in this press release regarding Flanders (i)
shipping 24 glove box assemblies during 2010 and 2011 for
approximately $3.5 million, (ii) continuing to demonstrate its
ability to add value to the Shaw AREVA MOX project, (iii)
continuing its partnership with Shaw AREVA, (iv) strong engineering
and ASME NQA-1 nuclear compliant quality program operational
capabilities being an excellent fit for weapon-grade plutonium
repurposing and (v) highly skilled team creating customized
solutions for a variety of extremely specific and filtration needs
for toxic substances and processes, are based on the current
expectations and beliefs of the management of Flanders and are
subject to a number of risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. For a more detailed discussion of risk
factors that may affect Flanders' operations, please refer to the
Company's Form 10-K for the year ended December 31, 2008, and Form
10-Q for the period ended March 31, 2009. These forward-looking
statements speak only as of the date on which such statements are
made, and the Company undertakes no obligation to update such
forward-looking statements, except as required by law.
Company Contact: John Oakley CFO Flanders Corporation (252)
946-8081 Investor Relations Contacts: Lippert / Heilshorn &
Associates Kirsten Chapman / Tim Dien Email Contact (415)
433-3777
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