Kurion Expands Board of Directors to Support Company’s Development

Appoints Directors from Nuclear and Finance Industries and Names Audit Committee Chairman

IRVINE, Calif.--(BUSINESS WIRE)--Kurion, Inc., an innovator in nuclear and hazardous waste management, announced today that it has named two new individuals to its board of directors to strengthen its leadership team and enhance controls as it expands its business. The new directors include D. Michael Steuert and Fred Kittler. Steuert will also serve as chairman of the audit committee and will oversee Kurion’s independent auditors, evaluate the company’s financial reports and monitor its controls and compliance. This announcement follows the recent appointment of Ralph DiSibio as chairman of the board.

“Each brings unique insights from lengthy careers in the nuclear and finance industries that will benefit the development of Kurion’s strategy and the implementation of enhanced controls as the company matures.”

“I’m pleased to welcome these seasoned executives to Kurion’s board of directors,” said John Raymont, Kurion founder and CEO. “Each brings unique insights from lengthy careers in the nuclear and finance industries that will benefit the development of Kurion’s strategy and the implementation of enhanced controls as the company matures.”

Steuert is a financial executive with extensive experience across a variety of industries and geographies, including government services, until retiring in May 2012. Most recently Steuert was senior vice president and chief financial officer of Fluor Industries (NYSE: FLR with $23.4 billion in revenue in 2011), a Fortune 200 company that is one of the largest publically traded engineering, procurement, construction, maintenance, and project management firms serving governments and corporations worldwide, including the nuclear market. He steered Fluor through the implementation of the Sarbanes-Oxley Act and will serve as an advisor on risk management and controls for Kurion as chairman of the audit committee. He also served as chief financial officer for Litton Industries and GenCorp Inc., and held a variety of financial and treasury roles at TRW, Inc. in the U.S. and Europe. Steuert has a master of science degree in industrial administration and bachelor of science degree in physics. He serves on the boards of directors for Weyerhaeuser Corporation and Prologis.

Kittler is a managing director and co-founder of Firelake Capital Management LLC, an investor in Kurion since early 2010. Prior to founding Firelake, Kittler was the co-president of Velocity Capital Management LLC. Kittler spent much of his career as a portfolio manager and analyst for J.P. Morgan, where he managed growth technology and biotech portfolios. He holds a master of arts degree in economics from Columbia University and a bachelor of arts degree in architecture from Princeton University. He has served on the Visiting Committee for Advanced Technology at the National Institute of Standards and Technology, and on the board of the Global Partnership for Afghanistan.

“Kurion's ability to attract these industry leaders speaks to the quality of the company’s executives and confidence in its business model, which is what convinced me to join the company’s board of directors last month,” said Ralph DiSibio, Kurion’s chairman of the board.

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, FIRELAKE CAPITAL MANAGEMENT AND 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 TESTING, EQUIPMENT STORAGE, ENGINEERING AND “COLD” NON-RADIOACTIVE TESTING, AND PERFORMS “HOT” RADIOACTIVE TESTING AT PNNL IN RICHLAND, WASH. FOR MORE INFORMATION, PLEASE VISIT WWW.KURION.COM.