NEWS-COES,CXI:
Former Senator Sam Nunn Will Serve as Special Advisor
to Commodore Board
PR Newswire - February 02, 1998 14:23
CXI COES %ENV %PER V%PRN P%PRN
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NEW YORK, Feb. 2 /PRNewswire/ -- Commodore Applied Technologies, Inc.
(Amex: CXI, CXIW) announced today that former United States Senator Sam Nunn
has been appointed as Special Advisor to the company's Board of Directors. As
Special Advisor, he will be available to consult with the Board, with his
experience especially targeted on the application of Commodore's technologies
to the destruction of chemical weapons.
"We are most fortunate to have someone of Senator Nunn's experience and
stature be such a central part of our company," said Paul E. Hannesson,
Chairman and Chief Executive Officer. "Senator Nunn's knowledge and
accomplishments in the field of national security and international military
affairs brings significant, new capabilities to our work with the defense
industry. He has already been helpful to our efforts relating to the
worldwide destruction of chemical weapons."
Elected to the U.S. Senate from Georgia in 1972, Senator Nunn served four
terms and retired from the Senate in 1996. His distinguished Senate career
included, serving as Chairman of the Senate Armed Services Committee and the
Senate's Permanent Subcommittee on Investigations. He also served on the
Senate's Intelligence and Small Business Committees.
Today Senator Nunn is a distinguished professor in the Sam Nunn School of
International Affairs at Georgia Tech and a senior partner in the
Atlanta-based law firm of King & Spalding. He serves on the boards of
directors of several public companies, including The Coca-Cola Company, The
General Electric Company and Texaco, Inc. He is also active in a number of
non-profit and public interest organizations, including the Carnegie
Corporation and Center for Strategic and International Studies.
"Last summer I began working with Commodore and have been increasingly
impressed with the company's technology, management and mission," said Senator
Nunn. "In particular, Commodore's technology has great potential for
destroying chemical weapons in a safe and environmentally-friendly process.
This could be a valuable contribution to our health and safety, as well as our
national security."
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 applications, SET is capable of
neutralizing chemical weapons materials and warfare agents and of
concentrating certain radioactive wastes for more effective disposal. The SET
technology has been commercialized for chemical weapons destruction through a
joint venture between Commodore and Teledyne Brown, known as Teledyne-
Commodore, LLC.
Commodore Applied's patented SET process is also capable of treating and
decontaminating a wide range of soils and other materials by destroying PCBs,
pesticides, dioxins, chlorinated substances and other toxic contaminants. It
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 chemicals, leaving only concentrated
radioactive contaminated matter for permanent storage. In areas other than
chemical weapons, the SET technology is being commercialized by a Commodore
subsidiary, Commodore Solution Technologies, Inc. based in McLean, Virginia.
The mission of the Commodore group of companies is to commercialize new
process technologies. The Commodore family includes Commodore Applied
Technologies, Inc., (Amex: CXI, CXIW), Commodore Separation Technologies, Inc.
(Nasdaq: CXOT, CXOTW, CXOTP), Commodore Solution Technologies, Inc. and its
wholly owned engineering subsidiary, Commodore Advanced Sciences, Inc.
Commodore Applied is approximately 52% owned by Commodore Environmental
Services, Inc. (OTC-Bulletin Board: COES).
SOURCE Commodore Applied Technologies, Inc.
/CONTACT: John Peterson - Media, or Melissa C. Berkowitz - Shareholders,
both of Commodore Applied Technologies, 212-308-5800/
(CXI COES) |
