Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CXI-Commodore Environmental -- Ignore unavailable to you. Want to Upgrade?

To: hcm1943 who wrote (1674)	8/5/1999 2:03:00 PM
From: NicktheGreek	Read Replies (1) \| Respond to of 1755

Hi Howard Thursday August 5, 1:20 pm Eastern Time Company Press Release SOURCE: Commodore Applied Technologies, Inc. Commodore Receives Second Step Contract at Pearl Harbor; Completes S-10, 10-Ton Per Day, Mixed Waste Processing Equipment NEW YORK, Aug. 5 /PRNewswire/ -- Commodore Applied Technologies, Inc. (Amex: CXI; CXI.WS), announced today that it has been awarded a contract by Tetra Tech EM Inc. (Nasdaq: WATR - news) to treat PCB contaminated soil as part of a study on three sites, each with several PCB contaminated locations, in Hawaii, including Pearl Harbor. This contract follows the successful completion of an initial treatability study and is the second step toward being included in a comparative study for the remediation of in excess of 10,000 cubic yards of PCB contaminated soils. ''This contract with Tetra Tech EM is further proof that the SET(TM) technology will be utilized in the treatment of hazardous waste at U.S. Department of Defense facilities and other facilities in the private sector,'' said Paul E. Hannesson, Commodore chairman & CEO. Another significant achievement for CXI is the completion of the S-10, a ten-ton per day commercial PCB waste processing system. This equipment is shortly scheduled to treat PCB contaminated soils at a U.S. Department of Defense site, and will ultimately be located at a fixed-base waste treatment facility, making it the first SET(TM) treatment center in the United States. CXI also recently completed a $1,000,000 financing from FINOVA Capital Corp. on the S-10 equipment. The mission of Commodore Applied Technologies, Inc. is to develop projects and commercialize services in the chemical weapons, nuclear, radioactive mixed waste, power generation and Department of Energy (DOE) markets where technology and engineering support are a prerequisite. Commodore Applied Technologies, Inc. is 35% 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 the company's markets, the industries in which the company operates, the effects of legislation and regulations, as well as business and competitive outlook. SOURCE: Commodore Applied Technologies, Inc.