Sunday December 21, 12:00 pm Eastern Time
Company Press Release
SOURCE: Commodore Applied Technologies, Inc.
ICF Kaiser Contracts with Commodore to Use SET(TM) Process at Los Alamos
NEW YORK, Dec. 21 /PRNewswire/ -- Commodore Applied Technologies, Inc. (Amex: CXI - news, CXIW - news) announced today that ICF Kaiser (NYSE: ICF - news) has contracted to use Commodore's proprietary SET(TM) process to remediate mixed waste at Los Alamos National Laboratory in New Mexico.
ICF Kaiser's five-year, $40 million Department of Energy contract calls for the investigation and cleanup of sites at the Laboratory and on former Laboratory property that may contain hazardous and radioactive materials. Commodore Applied Technologies' wholly owned subsidiary, Commodore Advanced Sciences', Albuquerque, N.M. portion of this contract will also call, for providing ICF Kaiser with services that may include remedial action, technical task support, remediation technology, and health and safety.
''ICF Kaiser becomes the third major Department of Energy contractor in three months that has contracted with Commodore for the use of its SET process to treat mixed waste,'' said Paul E. Hannesson, Commodore's Chairman and CEO. ''Commodore also is in discussions with several additional DOE contractors. It's clear that SET's ability to remove the hazardous component from mixed waste, leaving uncontaminated radioactive materials, is becoming a valued, and therefore valuable technology.''
Commodore's patented SET process is uniquely suited to treat mixed waste. It destroys the hazardous contaminants and leaves the radioactive material suitable for disposal. Tests have shown the SET process to be highly effective in neutralizing a wide range of hazardous chemicals, including dioxins, pesticides, and chemical weapons, including nerve and mustard agent, propellants and explosives.
Mr. Hannesson said, ''The use of the SET process at Weldon Spring, which we recently announced, destroyed PCBs in mixed waste to less than 2 ppm. Commodore believes this success opens a large market.''
The DOE's most recent estimate to complete the majority of the nuclear waste cleanup is $227 billion over the next 20 years. Mixed waste is a combination of radioactive waste and organic contaminants such as PCBs.
Commodore Applied Technologies, a process technologies company, is commercializing its proprietary SET process through its wholly owned subsidiary, Commodore Advanced Sciences. A sister technology, Commodore's proprietary SLiM(TM) system, is being commercialized through Commodore Separation Technologies, Inc. (OTC Bulletin Board: CXOT - news, CXOTW - news, CXOTP - news). Commodore Applied Technologies, Inc. is approximately 59% owned by Commodore Environmental Services, Inc. (OTC Bulletin Board: COES - news).
These materials contain forward-looking statements based on a series of projections and estimates regarding economics within our markets, the industries in which we operate, the effects of legislation and regulations, as well as business and competitive outlook.
SOURCE: Commodore Applied Technologies, Inc. |
