PR NewsWire
Lockheed Martin Advanced Environmental Services and Commodore
Applied Technologies Sign Agreement
and Commodore Applied Technologies Sign Agreement
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.
-0- 12/14/97
/CONTACT: John Peterson, media, or Melissa C. Berkowitz, financial, of
Commodore, 212-308-5800/
(CXI CXIW COES)
CO: Commodore Applied Technologies, Inc.; Commodore Advanced Sciences, Inc.;
Commodore Environmental Services, Inc.; Lockheed Martin Advanced
Environmental Systems, 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, CXIW) announced today that ICF Kaiser (NYSE: ICF) 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, CXOTW, CXOTP).
Commodore Applied Technologies, Inc. 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.
PR NewsWire
Former Ambassador Jeane J. Kirkpatrick Joins Commodore
Applied Technologies Board
Joins Commodore Applied Technologies Board
NEW YORK, Dec. 18 /PRNewswire/ -- Commodore Applied Technologies, Inc.
(Amex: CXI, CXIW) announced today that former U.S. Ambassador to the United
Nations Dr. Jeane J. Kirkpatrick has joined its Board of Directors.
Dr. Kirkpatrick has also joined the board of the company's public subsidiary,
Commodore Separation Technologies, Inc. (Nasdaq: CXOT, CXOTW, CXOTP).
"We are delighted to have someone of Ambassador Kirkpatrick's stature join
our boards," said Paul E. Hannesson, Chairman and CEO of the Commodore
companies. "Dr. Kirkpatrick's vast international experience brings a
significant, new dimension to our capabilities for expanding Commodore's
overseas markets. She will be particularly important to our efforts relating
to the worldwide destruction of chemical weapons."
"I am pleased to work once again with a dear friend, a respected colleague
and an early mentor of mine," said Kenneth L. Adelman, member of both
Commodore boards. Dr. Adelman previously worked as Ambassador Kirkpatrick's
deputy at the United Nations during the Reagan Administration.
Ambassador Kirkpatrick has a distinguished career which includes being
awarded the Medal of Freedom -- the nation's highest civilian honor. She
served for more than four years as the United States Representative to the
United Nations and member of the Cabinet of President Ronald Reagan.
Dr. Kirkpatrick has also served as a member of the President's Foreign
Intelligence Advisory Board, the Council on Foreign Relations, the Defense
Policy Review Board and chaired the Secretary of Defense Commission on Fail
Safe and Risk Reduction. Ambassador Kirkpatrick is the author of a number of
books and now serves on the faculty of Georgetown University as Leavey
Professor of Government. She is also a Senior Fellow of the American
Enterprise Institute. In addition to her responsibilities at Georgetown and
AEI, Dr. Kirkpatrick writes and speaks widely on foreign policy and security
affairs.
"Because of my work, I am very selective about the organizations with
which I affiliate," said Dr. Kirkpatrick. "I have been most reluctant to
accept corporate board memberships offered over the years. However, I am very
impressed with Commodore, its technology and its mission, as well as the
company's team of people," she said. "They have developed a technology that
will make a lasting impression on the safety and well-being of our nation and
the world."
Commodore Applied Technologies, Inc., is a New York-based environmental
technology company that has developed and is now commercializing its patented
process known as Solvated Electron Technology (SET(TM)). Based on the results
of extensive testing and commercial application, SET is capable of treating
and decontaminating a wide range of soils and other materials by destroying
PCBs, pesticides, dioxins, chlorinated substances and other toxic
contaminants. The SET process is also capable of neutralizing chemical
weapons materials and warfare agents and of concentrating certain radioactive
wastes for more effective disposal.
Commodore Applied's patented SET process is the only portable, non-thermal
process to hold a nationwide permit issued by the U.S. Environmental
Protection Agency for the destruction of PCBs in solids and on metallic
surfaces. In treating mixed wastes, the SET process destroys PCBs and other
hazardous chemical, leaving only concentrated radioactive contaminated matter
for permanent storage.
Commodore Separation, with operating headquarters in Atlanta, Ga., has
developed and is commercializing its supported liquid membrane (SLiM(TM))
separation and recovery system. This system can selectively remove from a
feedstream valuable substances for reuse or toxic materials for safe disposal.
The mission of the Commodore group of companies is to commercialize new
process technologies. The Commodore family includes Commodore Applied
Technologies, Inc., Commodore Separation Technologies, Inc., Commodore
Solution Technologies, Inc. and its wholly owned engineering subsidiary,
Commodore Advanced Sciences, Inc. Commodore Applied is approximately
59% owned by Commodore Environmental Services, Inc. (OTC: 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.
PR NewsWire
State of Maryland Awards Commodore Applied Technologies, Inc.
Multi-Year Contract at Port of Baltimore
Multi-Year Contract at Port of Baltimore
Breakthrough Commercial Use of SLiM(TM) Technology
NEW YORK, Dec. 1 /PRNewswire/ -- Commodore Applied Technologies, Inc.
(Amex: CXI, CXIW) announced today that its publicly owned subsidiary,
Commodore Separation Technologies, Inc. (Nasdaq: CXOT, CXOTW, CXOTP) has been
awarded its first commercial project, a multi-year sole-source contract with
the State of Maryland. The contract, executed with Maryland Environmental
Service (MES), involves the removal of hazardous chromium VI in water leeching
from a waste site at Baltimore Harbor and potentially polluting the Chesapeake
Bay.
"This contract marks the shift of Commodore's separation technology from
commercial testing to full-scale commercial operations," said Paul E.
Hannesson, Commodore's chairman and chief executive officer. "We are
especially pleased that MES recognized the uniqueness of our technology,
choosing it on a sole-source basis for such an important environmental
project. Commodore's technology will assist Maryland's MES in solving some of
the pollution concerns surrounding the Chesapeake Bay."
The multi-year contract, which calls for equipment, services and royalty
revenues, is the first commercial contract for Commodore's SLiM system, a
revolutionary technology that separates and removes targeted contaminants from
liquids and gases. The process has broad application in the metal plating and
finishing, biopharmaceutical and mining industries.
The award follows a successful four-month commercial test of the Commodore
SLiM 100 system at the Baltimore Harbor site. During this run, concentrations
of chromium VI as high as 600 parts per million (ppm) were removed from the
highly contaminated water and lowered it to levels that are suitable for
drinking water (less than 0.05 ppm). This is especially significant since
chromium VI is a hazardous substance. The operational SLiM system is expected
to treat at the site as many as two million gallons of effluent annually.
"The Baltimore Harbor project is important to Commodore because it
showcases a technology with unique economic and environmental benefits," said
Hannesson. "We not only purify contaminated waste streams economically, but
we recover materials from the waste that can have further valuable industrial
application. In effect, we clean up the environment while recycling valuable
materials."
Commodore Separation Technologies, an 87% owned subsidiary of Commodore
Applied Technologies, Inc., completed its initial public offering of stock on
April 5, 1997, raising gross proceeds of $13.7 million. Commodore Applied
Technologies, a process technologies company, is approximately 65% 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.
-0- 12/01/97
/CONTACT: John Peterson, Media, or Melissa C. Berkowitz, shareholders,
both of Commodore Applied Technologies, 212-308-5800/
(CXI CXOT COES)
CO: Commodore Applied Technologies, Inc.; Commodore Separation Technologies,
Inc.; Commodore Environmental Services, Inc.; Maryland Environmental
Service
ST: New York, Maryland
IN: ENV
SU: CON
CH-DG
-- NYM008 --
2315 12/01/97 07:00 EST prnewswire.com
PR NewsWire
Army Uses New Non-Thermal Process to Kill Explosives in Radioactive Mix
NEW YORK, Oct. 17 /PRNewswire/ -- Commodore Applied Technologies, Inc.,
(Amex: CXI) announced today that its proprietary SET(TM) process utilized by
Southwest Research Institute neutralized the explosive components in sample
quantities of radioactively tagged explosives. This contract was successfully
completed in support of the U.S. Army's Picatinny Arsenal. Explosives
neutralized in this contract had been in storage at Picatinny for some 30
years. These explosives, which included TNT, RDX, HMX, and PETN, could not be
disposed of by normal means.
Chemical examination of the residues showed that the process had totally
destroyed the explosives, leaving no detectable quantity of the original
energetics. In addition, tests, employing Department of Transportation
methods, demonstrated that the residues were entirely non-explosive and safe
for highway transportation. The non-energetic but low-level radioactive
residues were then sent to Applied Technology Group, Inc. for disposal.
Commodore believes that this is the first time a practical process had been
implemented for the disposal of mixed waste, consisting of explosives and
radiological material.
Although Commodore is encouraged by these results, there can be no
assurance that the SET process will successfully be able to neutralize
explosives mixed with radiological waste materials on a large-scale commercial
or military basis and in a manner that will prove profitable to Commodore.
Commodore Applied Technologies, Inc., is a process technologies company
commercializing its proprietary technologies through three operating
subsidiaries. Commodore's proprietary SET process is the only portable, non-
thermal technology permitted by the U.S. Environmental Protection Agency for
nationwide use in the destruction of PCBs in soils and on metallic surfaces.
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. |
