Versar, Inc. Announces Task Order of Up to $6.2m for Initial Phase of Superfund Site Remediation

SPRINGFIELD, VA / ACCESSWIRE / February 23, 2017 / Versar, Inc. (NYSE MKT: VSR) today announced that U. S. Army Corps of Engineers, Kansas City District awarded it a $6.2 million Task Order for In-Situ Thermal Remediation (ISTR) services in support of the Diaz Chemical Corporation Operable Unit 2 Superfund Site located in the Village of Holley, NY. Currently, the base task and one optional task, constituting $5.3 million, have been given notice to proceed. The period of performance for all tasks is February 10, 2017 through February 9, 2020.

The objective of this Task Order is to determine the adequacy of thermal treatment and the design parameters to implement the technology for the Diaz Superfund facility, which is located approximately 25 miles west of Rochester, NY and 50 miles east of Buffalo, NY. The approximately five-acre site formerly housed a halogenated and specialty chemicals manufacturing plant. The study area is bounded on two sides by residential neighborhoods and on the other two by railroad tracks and undeveloped land. The treatment area selected for this phase of work represents less than 10% of the potential area requiring thermal treatment.

"Versar is honored to be chosen to work on this very important Superfund Site," said Versar Chief Executive Officer, Tony Otten. "Our team's expertise in ISTR is unparalleled and we are dedicated to establishing an accurate basis of design for the full-scale implementation of this project."

VERSAR, INC., headquartered in Springfield, Virginia, is a publicly-traded global project management company providing sustainable value oriented solutions to government and commercial clients in the construction management, environmental services, and professional services market areas.

VERSAR operates the following websites: www.versar.com and www.versarpps.com.

Find out more about VERSAR at

Twitter: https://twitter.com/VersarInc
Facebook: https://www.facebook.com/VersarInc
LinkedIn: http://www.linkedin.com/company/38251

This news release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar's Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 26, 2015, as updated from time to time in the Company's periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.

Contact:

Karin Weber
M&A, Investor Relations Manager
Versar, Inc.
(703) 642-6706
kweber@versar.com

Robert Ferri
Robert Ferri Partners
(415) 575-1589
robert.ferri@robertferri.com

SOURCE: Versar, Inc.