Jacobs Wins Two Czech Republic Nuclear Contracts

DALLAS, Nov. 11, 2021 /PRNewswire/ -- Jacobs (NYSE:J) has won two new contracts to support the Czech nuclear sector with radioactive waste management services.

National utility ČEZ has selected Jacobs' SIAL® geopolymer encapsulation technology to safely solidify 250 metric tons of low and intermediate-level radioactive sludge at the Dukovany Nuclear Power Plant. Jacobs will treat the sludge, currently held in storage tanks at the plant, and encapsulate it in 200-liter drums ready for transport to long-term storage. The work, carried out at a specially assembled on-site unit, is expected to take five years.

On another front, SÚRAO, the Czech Republic's Radioactive Waste Repository Authority, has appointed Jacobs to a safety assessment and technical advice framework for its planned deep geological repository.  Last December, the Czech government approved a shortlist of four potential locations for the repository together with a schedule calling for the site to be selected by 2030 and operational by 2065. This contract complements Jacobs' work supporting radioactive waste repositories in the U.K., Finland, Sweden and Belgium.

"Our previous experience was key to winning these two contracts, which strengthen our position in important radioactive waste management programs in the Czech Republic," said Jacobs Energy, Security and Technology Senior Vice President Karen Wiemelt. "These contracts not only support the Czech government's vision for the future of the country, but also help create a more sustainable and safer world."

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic, including the emergence and spread of variants of COVID-19, and the related reaction of governments on global and regional market conditions and the company's business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended July 2, 2021, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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SOURCE Jacobs