Steve Fein

Steve Fein asked for clarification on an interest income item, the company's capacity to handle the large volumes for the grouting program, the competitive landscape, the new COO's priorities, and the company's use of AI.

Answer

Executive Ben Naccarato clarified the interest was income from cash on hand. Executive Mark Duff explained the 3 million gallons/year figure applies to the grouting program, not DFLAW, and Perma-Fix is prepared to scale up. Duff acknowledged competitors but highlighted Perma-Fix's local advantage. He also praised the new COO's focus on operational efficiency and noted the company is beginning to use AI for research and sales.

Steve Fein inquired about the expected start date for the Hanford tank grouting program and asked about the competitive landscape for the PFAS technology, specifically whether competitors view it as a novel, additive solution rather than a threat.

Answer

Executive Mark Duff estimated that the grouting program is unlikely to begin transporting waste before 2027 due to regulatory requirements. Regarding PFAS, he clarified that their competitors are not the typical radioactive waste firms. Instead, they are seeing companies that concentrate PFAS, which he views as potential clients for Perma-Fix's destruction services, creating a complementary relationship rather than a direct competitive threat.