SEC Awarded Remediation Project

Commercial FUSRAP Project in Baltimore, MD

Knoxville, Tennessee – June 16, 2010 - Safety and Ecology Corporation (SEC) was awarded a contract to perform remediation activities at a Formerly Utilized Site Remedial Action Program (FUSRAP) site in Baltimore, MD. The multi-million dollar contract was awarded in May 2010. Under the contract SEC will be performing radiological remediation activities within an unoccupied portion of a building at the facility. The contract issued and the work is being performed under a Settlement Agreement between a private party and the United States. The United States Army Corps of Engineers Baltimore District is the lead federal entity and will independently conduct the Final Status Survey to confirm the remediation is complete.

“SEC is pleased to have the opportunity to continue its 15 year mission of FUSRAP clean up while assisting both private industry and the USACE,” said Christopher Leichtweis, President of Homeland Security Capital Corporation and CEO of SEC.

Led by SEC’s Senior Project Manager, Keith Jefferies, the project is scheduled to be completed in September 2011. The project team will be performing work under SEC’s Radioactive Material License once the State of Maryland has granted reciprocity to use the license at Curtis Bay. SEC has previously successfully implemented decontamination methodologies to release over 18 million square feet of building components.

Historical relevance:
The remediation site is located within an operating manufacturing plant. For a short time period in 1956-57, monazite sands were processed in a portion of the facility to extract the thorium under contract with the Atomic Energy Commission. As a consequence of the processing, building components and certain equipment exhibit residual radiological activity. USACE issued the Record of Decision under which the remediation is being performed in May 2005. The ROD calls for demolition or decontamination of the impacted materials with replacement as appropriate.

About Safety and Ecology Corporation
Safety and Ecology Corporation (SEC) is a rapidly growing environmental services company in the U.S., providing services nationally, in Europe and the Caribbean. The Company specializes in the removal and remediation of hazardous nuclear materials for the U.S. Department of Energy, U.S. Department of Defense, and other federal agencies. SEC also provides advanced environmental services for private industry across the country and internationally. Since its founding in 1991, SEC has grown approximately 30 percent per year, and has emerged as a technology innovator with more than 450 personnel worldwide and with annual revenues of more than U.S. $70 million.

For more information on SEC’s parent company, Homeland Security Capital Corporation, visit www.hscapcorp.com.

Media Contact:
Anne Smith, VP Communications
Safety and Ecology Corporation
(865) 342-7668
asmith@sec-tn.com