To: KewlHand who wrote (1554 ) 3/10/1999 12:36:00 PM From: William Bach Read Replies (1) | Respond to
Wednesday March 10, 12:06 pm Eastern Time
Company Press Release
SOURCE: Commodore Applied Technologies, Inc.
General Accounting Office Denies Teledyne-Commodore, LLC Protest
NEW YORK, March 10 /PRNewswire/ -- Commodore Applied Technologies, Inc.
(Amex: CXI - news, CXIW - news) announced today that its 50/50 joint
venture with Teledyne Environmental, Inc., Teledyne-Commodore, LLC
(T-C), has been notified by the U.S. General Accounting Office that its
protest of the Army's decision in the ACWA program has been denied.
T-C's Solvated Electron Technology (SET)(TM) was one of six technologies
selected in May, 1998 to move into the demonstration phase to identify
alternative approaches to incineration for disposal of the United
States' stockpile of chemical weapons. However, in late July, 1998 the
Army said it had discovered it was short of funds. The Army then
selected the three technologies that cost the least to demonstrate. The
three technologies omitted from demonstration testing included the
SET(TM) technology.
''SET(TM) was one of the highest rated technologies of all six
technologies considered in the ACWA program, because it is the only
technology which has been proven to offer a complete solution that both
neutralizes and destroys all agents and energetics,'' said William C.
Burns, T-C President. ''In fact, other countries are actively pursuing
the use of SET(TM) in the destruction of their chemical weapons
material. Therefore SET(TM) is ideal for the other U.S. Chemical Weapons
Demilitarization programs and is still under active consideration for
use.''
He noted that Congress intended that all six technologies be tested to
determine which offers the safest, most effective, and best alternative
to incineration. Last Fall, Congress authorized an additional $25
million in the FY 99 Defense Appropriations Bill to permit demonstration
of SET(TM) and the other two technologies which were not selected for
the ACWA demonstrations. But none of those funds have been allocated to
permit those demonstrations.
''Now, unless funds are provided very soon, we could see the SET(TM)
technology being used in other countries well before the U.S. gets
around to recognizing it as the most mature, fully-integrated system
available,'' he said.
