Timios National Corporation (fka HOMS)

[B7$4]

"HOMS News" Homeland Security Capital Corporation’s Subsidiary Awarded Demolition Project at Y-12

http://www.earthtimes.org/articles/show/homeland-security-capital-corporationrsquos-subsidiary-awarded-demolition-project-at-y-12,1309175.shtml

ARLINGTON, Va. - (Business Wire) Homeland Security Capital Corporation (OTCBB:HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC) was awarded a task order to perform hazardous environmental services at the Y-12 National Security Complex in Oak Ridge, Tennessee.

Under this task order, SEC will perform hazardous and universal material removal, abatement, demolition, site restoration and waste disposition of material and debris from the former engineering office known as Building 9766. The task order is scheduled to be completed in October, 2010.

The task order was awarded under SEC’s existing Infrastructure Reduction contracting vehicle, from B&W Y-12, LLC (B&W), for the Department of Energy. B&W Y-12 operates the Y-12 National Security Complex for the National Nuclear Security Administration.

“SEC is proud to participate in B&W’s infrastructure reduction efforts,” said Christopher Leichtweis, President of HOMS and CEO of SEC. “We have been fortunate to have completed the reduction of over 200 structures at Y-12. This has prepared us for the complexity of this task, involving beryllium contaminated systems and structures.”

“HOMS is at the forefront of cleaning up many different hazardous waste sites and we appreciate the importance and sensitivity of this project. We are committed to getting the job done safely and efficiently,” said C. Thomas McMillen, Chairman and CEO of HOMS.

Constructed in 1944, the building served as the primary machine shop at Y-12 for many years. Machining of uranium and thorium parts was performed in the 9766 machine shop and in later years beryllium machining took place in the building, leaving a legacy of beryllium contamination. SEC brings extensive experience working with beryllium recently at Y-12, ORNL and other locations.