INS.L Regulatory News (INS)

17 Jul 2006 15:21

International Nuclear Solutions PLC17 July 2006 International Nuclear Solutions plc ("INS" or "the Company") INS awarded equipment supply and integration contract for the largest new buildproject on the Sellafield site. 17 July 2006 INS' principal operating subsidiary, RTS Innovation, has signed a contract withCarillion plc ("Carillion") for the supply, integration and site support ofprocess plant and equipment for the Sellafield Product and Residue Store (SPRS)project. The SPRS project is the largest new build project on the Sellafieldsite. The contract, the possibility of which was referred to in the Company'sadmission document dated 5 May 2006, is valued in excess of £15 million whichincludes advance orders of over £3 million. The contract is due to be completedin the third quarter of 2008. The contract contains further options for undertaking the commissioning of theequipment at site which has the potential to increase the value of the contractto a sum in excess of £18 million. Commenting today Tony Moore, CEO of INS said: "This is a highly prestigious project and we are delighted to continue ourinvolvement with the implementation stages of this project with Carillionfollowing on from our extensive involvement in the early stages of design anddevelopment with British Nuclear Group. We have been working on this project formore than 3 years and our extensive knowledge and experience coupled with ourfirst class project management and engineering capability will enable us todeliver the complete solution from concept development through toimplementation." Enquiries International Nuclear Solutions plc Tel: 0161 222 5000Chris Brown, ChairmanTony Moore, Chief Executive Tel: 0161 222 5500 College Hill Tel: 020 7457 2020Alex WaltersMatthew Smallwood This information is provided by RNS The company news service from the London Stock Exchange