International Isotopes Inc. selects Parsons as the lead design/build contractor for the proposed depleted uranium de-conversion facility

IDAHO FALLS, Idaho – International Isotopes Inc., a leading manufacturer of nuclear medicine products, is pleased to announce it has selected Parsons Corporation, a global engineering, construction, technical, and management services firm, as the prime contractor for the design-build of the planned depleted uranium de-conversion facility in Lea County, New Mexico. The Parsons team consists of Merrick and Company, Burns and Roe Enterprises Inc., and Baker Concrete Construction. Parsons, Merrick, and Burns and Roe represent the top fuels cycle engineering firms – Parsons and Baker are currently working together on nuclear projects in southeast New Mexico as well as nationally and look forward to expanding their relationship.

The selection of the Parsons team represents the culmination of a nine-month-long effort during which time INIS completed a competitive contractor selection process and then conducted contract negotiations with Parsons. INIS and Parsons have executed a letter of intent ("LOI") documenting the agreed upon contract terms for the project. The contract is intended to engage the Parsons team for a complete "turnkey" scope of work on the project. Parsons will be the lead contractor on the project responsible for design, engineering, fabrication, procurement, and construction of the project, complete in every detail.

Steve T. Laflin, President and CEO of INIS stated, "We are very pleased with the level of experience and expertise represented by the assembled Parsons team. Parsons’ direct engineering experience with many similar or related DUF6 processes and its most recent experience with the URENCO USA enrichment facility gives our Company a great deal of confidence in its ability to help us successfully design and construct this project on time, on budget, and in the safest manner possible. We look forward to executing this contract and initiating formal design work on the project in the coming months."

"Parsons is very pleased to be working on this important project with INIS, which continues our leadership in nuclear fuel cycle processing design and construction," said Mike Walsh, Parsons Group President. "INIS has developed an important and innovative treatment process for spent tailings that will benefit the medical, electronics, nuclear, and other industries. Our team looks forward to a successful project and we anticipate a long relationship with INIS."