NEWS
Tuesday March 30, 2:31 pm Eastern Time
Company Press Release
SOURCE: Commodore Applied Technologies
Carlsbad Site Receives First Radioactive Waste Shipment Says Commodore Applied Technologies, Inc.
NEW YORK, March 30 /PRNewswire/ -- Commodore Applied Technologies, Inc. (Amex: CXI - news, CXIW - news) announced today that on Friday, March 26, 1999, the first shipment of transuranic nuclear waste arrived safely at the U.S. Department of Energy's (DOE) Waste Isolation Pilot Plant (WIPP), the nation's first deep nuclear waste disposal site, located in Carlsbad, NM.
WIPP is a transuranic radioactive waste repository located one-half mile below the surface in a massive 250 million-year-old salt formation. Transuranic waste consists of clothing, tools, rags, equipment, debris, residues, and other disposable items contaminated with radioactive elements, mostly plutonium.
''Our staff has been dedicated to the successful delivery of the first nuclear waste to WIPP for nearly a decade,'' said Pete E. Harrod, P.E., president of Commodore Advanced Sciences, Inc. (CAS). ''We will continue our work as the DOE's technical assistance contractor to help pave the way for the resolution of the country's nuclear waste disposal problem. We have helped the DOE take a giant step toward protecting human health and the environment from the harmful effects of nuclear waste.''
Paul E. Hannesson, chief executive officer of Commodore Applied, said, ''We're very proud of CAS's role in developing the world's first deep geologic repository for transuranic waste. The project gives us unique credentials, not only in analyzing and evaluating the capabilities of a nuclear waste disposal site but also in helping DOE achieve regulatory compliance with a wide range of environmental regulations and developing recommendations that recognize the concerns of states, the general public, and of special interest groups.''
Commodore recently announced that a 2-year, $20 million option had been exercised by the government for the DOE's technical support contract with its wholly owned subsidiary, Commodore Advanced Sciences, Inc. CAS, with its 100 professional and technical staff, is providing technical assistance in areas such as technology evaluation, environmental compliance, quality assurance, project controls, permitting, and public involvement support.
The mission of the Commodore group of companies is to commercialize new process technologies. The Commodore family includes Commodore Applied Technologies, Inc. (Amex: CXI - news, CXIW - news) and its wholly owned engineering subsidiary, Commodore Advanced Sciences, Inc. Commodore Applied Technologies, Inc. is approximately 35 percent owned by Commodore Environmental Services, Inc. (OTC Bulletin Board: COES - news).
SOURCE: Commodore Applied Technologies
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