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To: SCRedNeck who wrote (3192)	3/30/1998 7:39:00 AM
From: TokyoMex	Respond to of 34592

CXI News Commodore Environmental Services, Inc. Acquires New Technology NEW YORK, March 30 /PRNewswire/ -- Commodore Environmental Services, Inc. (OTC Bulletin Board: COES) announced today that it had acquired from Lanxide Corporation ("Lanxide") (OTC Bulletin Board: LNXI) an exclusive license to manufacture and sell CERASET(TM) inorganic polymers. The CERASET inorganic polymers are used principally in applications including coatings, adhesives, powder binders, and ceramic precursors in a wide range of industries. As part of the transaction, Commodore purchased Lanxide's Ceraset business, subject to certain pre-existing licenses. The license is worldwide, excluding only Japan. Paul E. Hannesson, Commodore's CEO, said, "The CERASET polymers add significantly to Commodore's commercial technological base, including environmental applications. We believe CERASET is an exciting product with wide market application and we intend to vigorously support its development." The CERASET inorganic polymers were developed by Hercules Incorporated in the 1980s and sold to Lanxide in 1993. These polymers are a unique family of patented liquid, thermosettable, polyureasilazane-based polymers, which have exceptional thermal stability, corrosion resistance, and rigidity. The polymers condense and convert to ceramic phases in high mass yield when heated to high temperatures. Silicon nitride or silicon carbide are the ultimate products depending upon the specific polymer and processing conditions. In addition, the CERASET inorganic polymers exhibit excellent adhesion to metal, glass, and ceramic surfaces. This feature presents numerous commercial opportunities for protective coatings, adhesives, and ceramic binder and composite applications. Also, the polymers chemically combine with many organic resins (urethanes, epoxies, acrylics, and others) to produce "hybrid" inorganic/organic systems. Compared to the base organic resin the CERASET inorganic polymer-containing hybrids exhibit improved thermal stability, corrosion resistance, wear resistance, strength, and stiffness, as well as better adhesion to inorganic fillers. Commodore Environmental Services owns approximately 43% of Commodore Applied Technologies, Inc. (Amex: CXI, CXIW), an environmental technology company that previously had obtained certain licensing rights to CERASET from Lanxide. In June 1996, Commodore Environmental Services sold 30.7% of Commodore Applied Technologies in an initial public offering of stock, raising gross proceeds of $35 million, to finance the commercialization of the solvated electron technology (SET(TM)). SET is a total solution to the chemical weapons demilitarization market and a critical part of the remediation of mixed waste, which is radioactive material contaminated by hazardous waste. 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 Environmental Services, Inc. CO: Commodore Environmental Services, Inc.; Lanxide Corporation Commodore Applied Technologies, Inc.