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To: Sly_ who wrote (290)3/31/1998 10:18:00 AM
From: scott bradley  Respond to of 1058
 
TPII, Y2k play, is rocking this a.m. Rumors of contracts. DD it for yourself.



To: Sly_ who wrote (290)3/31/1998 8:48:00 PM
From: Charger  Read Replies (1) | Respond to of 1058
 
NEWS OUT
Tuesday March 31, 4:10 pm Eastern Time

Company Press Release

SOURCE: Commodore Applied Technologies, Inc. (CXI)

''In the space of one year, Commodore has successfully penetrated three major markets -- each measured in billions of dollars. In each market, Commodore now has contracts for full commercial operations,'' said Paul E. Hannessoon, Commodore's chairman and CEO.

In Chemical Weapons Demilitarization, Commodore's solvated electron technology (SET) already has proven, in government certified laboratories, that it can decontaminate and destroy all components of assembled chemical weapons, decontaminating the dunnage, such as shell casings and packing and destroying the chemical agent, explosives and propellants. This April, the $40 million Assembled Chemical Weapons Assessment program is scheduled to identify at least two technologies that are to be funded for demonstration beginning in July. Congress is scheduled to consider full-scale chemical weapons neutralization funding in 1999.

In the DOE's nuclear waste cleanup market, Commodore will continue to pursue its strategy of introducing its SET process to DOE sites through major DOE contractors.

In the past 15 months, Commodore has taken strong measures to strengthen its management team. Kenneth L. Adelman, a former U.S. Ambassador to the United Nations and the Reagan Administration's top arms control officer, was named executive vice president and Michael D. Fullwood, a former executive vice president and CFO at Witco Corp. [NYSE:WIT - news], was named senior vice president, CFO and general counsel. Additionally, Jeane J. Kirkpatrick, professor at Georgetown University and formerly U.S. ambassador to the United Nations, has joined the Commodore Board and former Senator Sam Nunn was named a special advisor to the Commodore Board.

biz.yahoo.com