The Wall Street Journal Honors Kurion in 2012 Technology Innovation Awards

IRVINE, Calif.--(BUSINESS WIRE)--Today Kurion, Inc., an innovator in nuclear and hazardous waste management, was recognized by The Wall Street Journal in its 2012 Technology Innovation Awards in the environmental category. Kurion’s technology is designed to minimize and stabilize waste for safe, secure and permanent disposal.

“At Kurion, we’ve spent the last four years developing technology that can address this challenge and are honored for our work to be recognized by The Wall Street Journal.”

“Today there are more than 300 million gallons of liquid nuclear waste worldwide that pose a threat to the environment,” said John Raymont, Kurion founder and CEO. “At Kurion, we’ve spent the last four years developing technology that can address this challenge and are honored for our work to be recognized by The Wall Street Journal.”

Raymont added, “It was a result of this technology development that Kurion found itself in a position where it could assist with the cleanup effort at Fukushima. Our role in the cleanup represents the contribution that innovation can make to address the world’s biggest challenges. We intend to build upon our experience at Fukushima to help the U.S. and other countries dispose of nuclear waste that dates back to World War II.”

The Wall Street Journal Technology Innovation Awards acknowledge technological breakthroughs that go beyond marginal improvements and have a wide impact in their industry. The Wall Street Journal received 536 applications from individuals, companies, organizations and government agencies in more than two dozen countries. A panel of independent judges from venture capital firms, universities, research centers and other organizations selected 37 organizations in 18 categories for this year’s awards.

Kurion’s two-phase waste management platform is a simple, cost-effective path to deliver waste in a final glass form, which is considered “best in class” by international regulators. Kurion’s Ion Specific Media (ISM) was deployed at Fukushima, where it helped clean millions of gallons of contaminated water and remains a part of the ongoing cleanup effort. Kurion’s GeoMelt^® vitrification technologies have treated more than 25,000 tons of waste worldwide, and its Modular Vitrification System (MVS^®) is currently undergoing tests by Pacific Northwest National Laboratory.

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.