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


To: John C. Breidling who wrote (1729)3/27/2000 8:59:00 AM
From: William Bach  Read Replies (1) | Respond to of 1755
 
NEWSSSSSSSSSSSSSSSS March 27, 2000 07:45 Army Announces Details of Tests for Commodore Applied Technologies, Inc.'s Joint Venture, Teledyne-Commodore, LLC ALBUQUERQUE, N.M., March 27 /PRNewswire/ -- Commodore Applied Technologies, Inc. (Amex: CXI, CXI.WS) today announced that the U.S. Army has released details of the planned tests of its joint venture, Teledyne- Commodore's proprietary technologies for the Phase II Assembled Chemical Weapons Assessment (ACWA) program. The Army will test Teledyne-Commodore's patented Solvated Electron Technology (SET(TM)) process and its Ammonia Fluid-Jet Process Technology, used in the destruction of chemical weapons. Teledyne-Commodore, LLC, is a joint venture of Teledyne Brown Engineering, Inc., a wholly owned subsidiary of Teledyne Technologies Incorporated (NYSE: TDY), and Commodore Applied Technologies, Inc. (Amex: CXI). In two separate sets of tests, Teledyne-Commodore will test seven major unit operations involving the majority of the proprietary and patented SET(TM) and Ammonia Fluid-Jet Process technologies. The first set of tests involves two unit operations, the destruction of chemical weapons agents with the SET(TM) system, followed by the oxidation of the residues. The oxidation step will convert the residues into a form suitable for safe disposal in a landfill. The SET(TM) process, which includes a reducing solution of sodium in solution with anhydrous ammonia (a common fertilizer), will be used to destroy mustard agent and the nerve agents, sarin and VX, in the tests. This test will be conducted at the Chemical Agent Munition Disposal System (CAMDS) near Tooele, Utah. The second set of tests includes five unit operations. The first is the safe accessing and removal of explosive and propellant from chemical-agent training rockets, using the Ammonia Fluid-Jet Process, followed by the destruction of those explosives and propellant using the SET(TM) process. This test will also be followed by the oxidation of residues. Metal parts from the weapons, and dunnage (material such as wood, carbon fibers, fiberglass and chemical protective suits, left over after the demilitarization process), contaminated with chemical-agent simulants, will also be treated by the SET(TM) process. These tests will be conducted at Dugway Proving Ground, Utah. Paul E. Hannesson, Chairman and CEO, said, "The ACWA program is designed to identify technological alternatives to incineration, alternatives that are capable of safely and effectively destroying chemical weapons, as part of the Army's multibillion-dollar program to dispose of all chemical warfare weapons. These tests begin a new phase in the application of SET(TM) as a solution to the nation's and world's chemical weapon stockpile." "The use of live chemical agents and energetics, combined with the ammonia fluid-jet system, will provide a very meaningful and significant demonstration of most of the major components of our integrated SET(TM) and ammonia fluid- jet systems in the ACWA program," said William C. Burns, President of Teledyne-Commodore. "Our proven track record of agent neutralization in the laboratory, combined with prior successful demonstrations of demilitarization of chemical-training rockets and their associated energetics at Redstone Arsenal, gives us every reason to be believe these tests will be successful." The Army made its announcement on the details of the tests at the current meeting of the Dialogue for Assembled Chemical Weapons Assessment, an association of environmental, public interest, and state and local government organizations selected to work with the Army in its assessment of ACWA technologies. That assessment includes the determination of public acceptability of the technologies. The ACWA Dialogue meeting concluded on March 15 in Portland, OR. The second test phase of ACWA is scheduled from June-September. A report of the test results will be delivered to Congress in March 2001. Teledyne Brown Engineering, Inc., headquartered in Huntsville, Ala., is a technology solutions company with core competencies in environmental, aerospace, defense, information technology solutions, and energy products applications. Teledyne Technologies Incorporated is a leading provider of sophisticated electronics and communications products, systems engineering solutions, and aerospace engines and components. With 1999 revenues of $803.4 million, Teledyne Technologies employs more than 5,800 people in the U.S., the United Kingdom and Mexico. Commodore Applied Technologies, Inc., headquartered in Albuquerque, New Mexico, is an environmental solutions company focused on processing and management of high-end hazardous waste from nuclear, radioactive, toxic, and chemical sources. Through its wholly owned subsidiaries, Commodore Advanced Sciences and Commodore Solution Technologies, the company provides technical engineering services and proprietary remediation technologies (SET?) to the government and private sectors. 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. For more information please visit www.commodore.com SOURCE Commodore Applied Technologies, Inc. /CONTACT: James M. DeAngelis or Melissa C. Berkowitz, 212-308-5800, both of Commodore Applied Technologies, Inc./



To: John C. Breidling who wrote (1729)3/28/2000 10:37:00 PM
From: Big Bucks  Read Replies (1) | Respond to of 1755
 
JCB,
Did you ever invest in TDY? I had some and sold at $9 1/2,
bummer! Closed at $26 or there about today. This move should
help take CXI higher also, would be nice to see it go to
$6-7 over the next month or so. Since the prior evaluation
testing was successful, I have faith that this next round
will also exceed expectations but will likely need some
refinements for mass processing of nerve/toxic/explosive
weaponry, which is purely an engineering/money issue.

Good Luck,
BB