Homeland Security Capital Corporation’s Subsidiary Awarded Demolition Project At Y-12
Homeland Security Capital Corporation (OTCBB:HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC) was awarded a task order to perform hazardous environmental services at the Y-12 National Security Complex in Oak Ridge, Tennessee.
Under this task order, SEC will perform hazardous and universal material removal, abatement, demolition, site restoration and waste disposition of material and debris from the former engineering office known as Building 9766. The task order is scheduled to be completed in October, 2010.
The task order was awarded under SEC’s existing Infrastructure Reduction contracting vehicle, from B&W Y-12, LLC (B&W), for the Department of Energy. B&W Y-12 operates the Y-12 National Security Complex for the National Nuclear Security Administration.
“SEC is proud to participate in B&W’s infrastructure reduction efforts,” said Christopher Leichtweis, President of HOMS and CEO of SEC. “We have been fortunate to have completed the reduction of over 200 structures at Y-12. This has prepared us for the complexity of this task, involving beryllium contaminated systems and structures.”“HOMS is at the forefront of cleaning up many different hazardous waste sites and we appreciate the importance and sensitivity of this project. We are committed to getting the job done safely and efficiently,” said C. Thomas McMillen, Chairman and CEO of HOMS. Constructed in 1944, the building served as the primary machine shop at Y-12 for many years. Machining of uranium and thorium parts was performed in the 9766 machine shop and in later years beryllium machining took place in the building, leaving a legacy of beryllium contamination. SEC brings extensive experience working with beryllium recently at Y-12, ORNL and other locations. About Safety and Ecology Corporation Safety and Ecology Corporation (SEC) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million. For more information on SEC, visit www.sec-tn.com. About Homeland Security Capital Corporation (HOMS) Homeland Security Capital Corporation is a company engaged in the strategic acquisition, development, and consolidation of homeland security-related businesses, within the fragmented homeland security industry. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. The company is headed by former Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4 th Congressional District of Maryland. HOMS operates businesses that provide homeland security products and services solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on homeland security opportunities. HOMS’s portfolio of companies, in addition to SEC, includes:
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