IRVINE, Calif. - Wednesday, January 2nd 2013 [ME NewsWire]
(BUSINESS WIRE)-- Kurion, Inc., an innovator in nuclear waste management, announced that recent advances with its Modular Vitrification System(MVS®), GeoMelt® vitrification and Ion Specific Media technologies, necessitated an expansion of its leadership team effective today in order to pursue several large domestic and international opportunities. As a result, Ralph DiSibio, chairman of the board, will assume expanded duties as Executive Chairman/CEO and former President/CEO John Raymont will assume the role as Vice-Chairman and President, International Operations/M&A Initiatives.
Raymont, who founded the company in 2008 with support from Lux Capital, will primarily direct his attention to Japan, where Kurion’s revolutionary cesium removal systemled efforts to improve safety at the March 2011 tsunami-damaged Fukushima plant. "The nuclear cleanup challenges at the plant and surrounding Fukushima Prefecture are enormous and in urgent need to be addressed by technologies such as ours that can reduce costs and accelerate compliance,” said Raymont, in announcing the change. "We know our technologies can add to the arsenal of solutions being applied and greatly appreciate the interest and response from Japanese stakeholders.”
DiSibio, a veteran of 40 years in the nuclear waste business, with Washington Group and Westinghouse, and experience winning and executing billion dollar nuclear waste management operations said, "This change reflects our growth expectations for the coming years and the need to maximize the company’s assets to bring solutions to critical technical issues in Japan, the US and Europe.”
Kurion was an early responder at Fukushima and has had a contractwith TEPCO since April 2011. The company continues to play an important role there. "John is the leader that brought a solution when others were absent or unable to react,” said DiSibio. "He has built a trusted relationship in the Japanese nuclear industry and government that cannot be duplicated. The board is delighted that he will focus on bringing additional solutions to bear on the considerable cleanup challenges that remain, recently estimatedat ¥11 trillion ($137 Billion).”
"Recognizing the value of a world-class team, John recently recruited to the boardthe former President of Westinghouse Electric Co. Dr. Aris Candris, former CFO of the Fluor Corporation Michael Steuert, and myself to help the company mature and capitalize on pending opportunities at Hanford, Savannah River and other DOE and international sites,” said DiSibio. "In parallel to this change, the company is aggressively recruiting additional leadership talent. I look forward to working with John, Aris and Michael in managing the company’s growing scope of activities and delivering success.”
ABOUT KURION
Kurion provides innovative, easily deployable technologies to accelerate project performance and compliance and substantially reduce customer radioactive waste management life-cycle costs. Founded in 2008, Kurion is backed by leading energy investors Lux Capital Management, Firelake Capital Managementand Acadia Woods Partners. Headquartered in Irvine, Calif., Kurion operates a technology development center at its radioactive materials licensed facility in Oak Ridge, Tenn., two facilities in Richland, Wash. for equipment storage, engineering and "cold” non-radioactive testing and performs "hot” radioactive testing at PNNLin Richland, Wash. For more information, please visit www.kurion.com.
Contacts
Kurion, Inc.
Greg Wood
Phone +1-650-801-7958
Greg.Wood@Zenogroup.com
www.kurion.com
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