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Foster Wheeler Begins Oak Ridge Processing

Date: January 29, 2004

Source: News Room

Foster Wheeler Environmental Corporation (OTCBB:FWLRF) has begun processing low-level radioactive waste at the Oak Ridge National Laboratory in Tennessee. Initial operations have processed low-level waste, and the first shipment of waste is being transported to the Nevada Test Site for disposal. Foster Wheeler is in the midst of a long-term contract with the Department of Energy. When the processing phase is completed, Foster Wheeler will decontaminate and decommission the facility. Foster Wheeler expects to receive net cash of more than $40 million in 2004 during this phase of processing.
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