Studsvik AB (STO:SVIK) Studsvik To Treat Waste From Oskarshamn For SEK 28 Million

Studsvik AB (STO:SVIK) The modernization of reactor 3 at the Oskarshamn plant will mean the replacement of a large number of metal components. Studsvik has agreed with the owner OKG to treat 1,400 tonnes of metallic waste for a total of SEK 28 million.

"This is a large contract for Studsvik, with a volume equivalent to almost half of a full year's production for our Swedish facility", says Studsvik's CEO Magnus Groth.

The aim is to be able to give radiological clearance to as much of the material as possible. Normally 95 per cent of metallic material of this type can be free released after treatment. The free released material can be recycled and used as raw material in the foundry industry, while the remaining material is returned to the customer for final disposal.

Studsvik's treatment means that the material is analyzed and segmented, after which the material is decontaminated and finally melted down. As a final step in the process measurements are taken to determine the parts of the material that can be radiologically cleared. Studsvik's contract also includes responsibility for transportation of the material to and from Studsvik.

OKG has specified March 2, 2009 as the starting date for modernizing the Oskarshamn 3 plant. Studsvik expects to be able to start transportation in the second quarter, after which treatment at the Studsvik facility outside Nyköping can start.

For further information: Magnus Groth, President and Chief Executive Officer, tel +46 155 22 10 86 or +46 709 67 70 86 (cell phone). Leif Andersson, Director of Sweden Segment, +46 155 22 15 55, or +46 709 67 70 55 (cell phone).



Facts about Studsvik Studsvik offers a range of advanced technical services to the international nuclear power industry in such areas as waste treatment, decommissioning, engineering & services, and operating efficiency. The company has 60 years experience of nuclear technology and radiological services. Studsvik is a leading supplier on a rapidly expanding market. The business is conducted through five segments: Sweden, United Kingdom, Germany, USA and Global Services. Studsvik has 1,200 employees in 8 countries and the company's shares are listed on NASDAQ OMX Stockholm.

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Studsvik AB

http://www.studsvik.se/

ISIN: SE0000653230

Stock Identifier: XOME.SVIK