American Environmental Partners Inc. (OTC:AEPT) Stock Jumps After A New Agreement

The mission-critical environmental service company American Environmental Partners Inc. (OTC:AEPT) is involved in offering remediation and processing solutions meant for industrial and infrastructure companies. On Thursday, the company announced that its business division, Austin Master Services LLC, had been awarded new business by D.S.A. Service Inc.

Austin Master Services would be involved in providing transportation, on-site analysis, and disposing of around 700 tons of “Technologically Enhanced Natural Occurring Radioactive Material” (TENORM) and asbestos-contaminated waste. The project in question would be part of the renovation project at State University of New York’s (SUNY) Sturges Hall.

“Working with D.S.A. Services offers Austin Master Services a great opportunity to build on our strategy of resource management and sustainability,” said Brad Domitrovitsch, Chairman and Chief Executive Officer of American Environmental Partners. “We are excited to use our leading technology and waste disposal services with the renovation of Sturges Hall on the SUNY Geneseo campus. This project is one of many that American Environmental is currently participating in that expands our geographic reach into new markets, especially New York State, and provides the opportunity to collaborate with the teams at both D.S.A Services and SUNY Geneseo.”

The Chief Executive Officer and Chairman of American Environmental Partners, Brad Domitrovitsch, spoke about the development. He noted that the new business would give Austin Master Services a major chance to build on its resource management and sustainability strategies. The CEO also noted that everyone at the company was excited about the deployment of its market-leading technology and waste disposal services at the SUNY Genesco Campus. He went on to note that the project was one of the many such projects that American Environmental Partners would undertake and would help in expanding the geographical footprint of the company.

It ought to be noted that the first phase of the three-phase project was commenced by Austin Master Services on October 5, 2023. In yesterday’s news release, it was further noted that the entire project would be completed by the first quarter of 2024.

In order to complete the project, Austin Master Services would use the CANBERRA In-Situ Object Counting System (ISOCS) for the purpose of working out the activity of the TENORM waste. The method in question had also been approved by the Ohio Department of Health. It was also noted that Austin Master Services had helped with the transportation and delivery of TENORM waste in New York State using the ISOCS method to the tune of more than 55,000 tons.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.