Studsvik signs license agreement with Westinghouse for the development of a Metal Treatment Facility in the UK

Studsvik has signed a Technology License Agreement with Westinghouse, to provide engineering services to support Westinghouse in developing a Metal Treatment Facility in the UK for contaminated metallic waste based on Studsvik’s sustainable technology. This long term agreement is based on performance and milestones.

Studsvik's Waste Management Technology business area offers sustainable technology solutions for treating contaminated waste arising from operational and decommissioning activities. 

“The combined experience of Studsvik and Westinghouse in decommissioning and waste treatment will ensure that the Metal Treatment Facility in the UK will provide an efficient and economical option for contaminated waste treatment”, says Mikael Karlsson, Business Areas President, Waste Management Technology.

“Bringing together the Westinghouse capabilities and existing infrastructure at our Springfields site, with the metals treatment expertise of Studsvik, will create a sustainable solution for contaminated metals for our customers and bring long-term jobs and investment to the Lancashire region”, says Kirsty Armer, Vice President of Westinghouse Environmental Services UK.

“The Technology License Agreement represents Studsvik’s international standing in metal treatment. It will support the establishment and operation of an important technology for the treatment of contaminated metals and have a positive impact on the environment”, says Camilla Hoflund, President and CEO.

For further information, please contact:

Camilla Hoflund, President and CEO, 076-002 10 66

Studsvik in brief

Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik’s business focus areas are fuel and materials technology, reactor analysis software, decontamination and radiation protection as well as technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 70 years’ experience of nuclear technology and radiological services. Studsvik has 520 employees in 7 countries and the company’s shares are listed on Nasdaq Stockholm.

www.studsvik.com

This information is information that Studsvik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on December 1, 2022 at 10:00 am CET.