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To: Ga Bard who wrote (3240)	12/14/1997 1:12:00 PM
From: Frank Fontaine	Respond to of 8835

COES-NEWS: Lockheed Martin Advanced Environmental Services and Commodore Applied Technologies Sign Agreement PR Newswire - December 14, 1997 12:00 CXI CXIW COES %ENV V%PRN P%PRN Jump to first matched term NEW YORK, Dec. 14 /PRNewswire/ -- Commodore Applied Technologies, Inc., an environmental technology company, today signed a memorandum of understanding with Lockheed Martin Advanced Environmental Systems, Inc. (LMAES). This agreement will provide both companies potential opportunities to pursue environmental remediation projects using Commodore's solvated electron technology (SET(TM)). The agreement begins with a January 1998 contract funded by LMAES for Commodore to employ its SET technology at the LMAES laboratory in Las Vegas, NV. Following completion of this contract, funded up to $50,000, the companies plan to evaluate projects for Commodore's SET process at the Oak Ridge National Laboratory and at the Department of Energy's Portsmouth, Ohio facility. The parties will also identify other projects which may be pursued jointly for remediating contaminated nuclear waste at the U.S. Departments of Energy and Defense, and internationally. Commodore CEO, Paul E. Hannesson, in commenting on the agreement, said, "This arrangement with Lockheed Martin links Commodore's SET technology with Lockheed's remediation business. In particular, this MOU provides opportunities for both companies at DOE's nuclear clean-up sites, where the SET process is ideal for treating mixed wastes. This is a very large market opportunity." Commodore's patented SET process is uniquely suited to treat DOE's mixed- waste -- hazardous material at former nuclear sites that is a combination of radioactive waste and organic contaminants (such as PCBs). SET totally destroys the contaminants and leaves the radioactive material suitable for disposal. Tests at U.S. Government laboratories have shown the SET process to be 99.9999 percent effective in neutralizing a wide range of hazardous chemicals, including dioxins, pesticides, and chemical warfare agents, including propellants and explosives. The memorandum of understanding was negotiated by Commodore Advanced Sciences, Inc., the environmental and engineering services subsidiary of Commodore Applied Technologies, Inc. (Amex: CXI, CXIW). Commodore Applied is approximately 59% owned by Commodore Environmental Services, Inc. (OTC Bulletin Board: COES). 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. /CONTACT: John Peterson, media, or Melissa C. Berkowitz, financial, of Commodore, 212-308-5800/ (CXI CXIW COES)