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Security and Exchange Commission Filings
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General Accounting Office Reinstates Teledyne - Commodore, LLC Protest Commodore Applied Technologies, Inc. Reports Third Quarter, Nine Month Results Two Commodore Companies and Global Technologies Propose Treatment Plan for Spent Nuclear Fuel Rods Commodore Receives Contract to Remediate PCBs at Air National Guard Site Commodore Applied Technologies, Inc. Reports Second Quarter, Six Month Results Waste Control Specialists and Commodore Applied Technologies Sign Agreement Commodore Applied Technologies CFO Resigns to Join New York Area HMO International Technology Corporation Contracts with Commodore To Use SET Process at Rocky Flats Commodore Receives Contract to Prove SET Process on Pearl Harbor PCBs
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ALBUQUERQUE,
N.M. Feb. 25, 2000 - Commodore Applied Technologies, Inc. (AMEX:
CXI, CXI.WS) announced today that the U. S. Army has awarded $7.9 million to fund a
demonstration of the companys SET technology for the destruction of chemical
weapons to its joint venture, Teledyne-Commodore, LLC. The demonstration, administered
under the Assembled Chemical Weapons Assessment program (ACWA), will begin this month and
continue until January 2001. The tests will take place at Dugway Proving Ground, and the
Chemical Agent Munitions Disposal System (CAMDS), both in Utah. ### Commodore
Applied Technologies, Inc. Announces New
York, N.Y. December 13, 1999 Commodore Applied Technologies, Inc. (ASE:
CXI, CXI.WS), today announced that it has signed a Memorandum of Understanding with
Envirocare of Utah, Inc. (Envirocare), a company providing a full range of low-level
radioactive and mixed waste management and disposal services. The agreement is intended to
provide a vehicle for both companies to expand their service offerings to the mixed waste
(radioactive and hazardous) market. Commodore brings its patented SET process and
its nationwide EPA, PCB permit and Envirocare its Clive, Utah treatment and disposal
facility and over 20 years of experience in the mixed waste market. ### Commodore Applied Technologies Announces $2.5 Million Financing New York, N.Y. November 8, 1999 Commodore Applied Technologies, Inc. (ASE: CXI, CXI.WS), today announced results for the three and nine month periods ended September 30, 1999 (see table below).
The mission of Commodore Applied
Technologies, Inc. is to develop and commercialize materials and processes that enable
significant technological capabilities in a wide range of industries. Commodore Applied
Technologies, Inc. is 35% owned by Commodore Environmental Services, Inc. (OTCBB:
COES). ### New York,
NY November 5, 1999 Commodore Applied Technologies, Inc. (ASE:
CXI, CXI.WS), ("Commodore"), announced today the completion of $2.5 million in
financing through a private placement. The company issued 335,000 shares of a new Series E
convertible preferred stock, convertible into the Companys common stock at the
market price, after April 30, 2000 and up through April 30, 2003 at which time it
automatically converts to the Company's common stock. The Series E convertible preferred
stock has a variable rate dividend averaging 8.15% over the term of the securities. The
Company reserved the right to redeem all of the Series E preferred stock on or before
April 30, 2000 by payment of $2,800,000 plus any accrued dividends. Depending upon the
share price at the time of conversion, the issuance of the common shares relating to the
conversion may be subject to shareholder approval. ### TELEDYNE-COMMODORE ANNOUNCES U.S. ARMY DEMONSTRATION PROJECT Huntsville, Alabama,
October 19, 1999,- Teledyne-Commodore, LLC has been notified that the U.S. Army
intends to demonstrate Teledyne-Commodores technology for testing under the
Assembled Chemical Weapons Assessment Program (ACWA). Testing Teledyne-Commodores
technology was delayed last year due to Army funding limitations. The Teledyne-Commodore
"Solvated Electron Technology" (SET) process is one of six technologies
that are expected to be demonstrated under the complete ACWA Program. Under the new ACWA
demonstration timeline, Teledyne-Commodore expects to receive funding beginning in 1999 to
demonstrate its SET system. ###
Commodore Applied Technologies, Inc. New York, N.Y. August 13, 1999 Commodore Applied Technologies, Inc. (ASE: CXI, CXI.WS), today announced results for the three and six month periods ended June 30, 1999 (see table below).
The mission of Commodore Applied
Technologies, Inc. is to develop projects and commercialize services in the chemical
weapons, nuclear, radioactive mixed waste, power generation and Department of Energy (DOE)
markets where technology and engineering support are a prerequisite. Commodore Applied
Technologies, Inc. is 35% owned by Commodore Environmental Services, Inc. (OTCBB:
COES). ### New York, NY August 9,
1999 Commodore Applied Technologies, Inc. (ASE: CXI, CXI.WS), today
announced that its wholly owned subsidiary, Commodore Advanced Sciences, Inc.
(CASI), has
been awarded, through an existing contract, approximately $890,000 of additional work at
the Los Alamos National Laboratory (LANL), Los Alamos, NM. ###
New
York, NY August 5, 1999 Commodore Applied Technologies, Inc. (ASE:
CXI, CXI.WS), announced today that it has been awarded a contract by Tetra Tech EM Inc.
(NASDAQ: WATR) to treat PCB contaminated soil as part of a study on three sites, each with
several PCB contaminated locations, in Hawaii, including Pearl Harbor. This contract
follows the successful completion of an initial treatability study and is the second step
toward being included in a comparative study for the remediation of in excess of 10,000
cubic yards of PCB contaminated soils. ###
Commodore
Applied Technologies, Inc. New
York, NY – May 14, 1999 – Commodore Applied Technologies,
Inc. (ASE: CXI, CXIW), today announced financial results for the
three-month period ended March 31, 1999 (see table below).
The mission of Commodore Applied
Technologies, Inc. is to develop projects and commercialize services in
the nuclear, radioactive mixed waste, power generation and Department of
Energy (DOE) markets where technology and engineering support are a
prerequisite. Commodore Applied Technologies, Inc. is 35% owned by
Commodore Environmental Services, Inc. (OTCBB: COES). ### New
York, New York, May 10, 1999,
--- Commodore Applied Technologies, Inc. ("Commodore") (ASE:
CXI, CXIW) announced today that it executed the definitive agreement
between Commodore and Global Energy Investors, LLC ("Global")
anticipated by a Letter of Intent that Commodore and Global entered into
on March 25, 1999. The definitive agreement now has been ratified by the
Boards of both Commodore and Global. Pursuant to the definitive
agreement, Commodore will initially acquire 50% of Global and has, under
certain circumstances, the right and obligation to eventually acquire
100% of Global. Global’s principal officers and shareholders include
Robert C. McFarlane, the former National Security Advisor to President
Ronald Reagan, and Robert Traylor, a 40-year veteran in the nuclear
industry and co-founder and former CEO of Management Analysis Company, a
leading nuclear power consulting firm. ### Commodore Applied Technologies New York, New York, April 15, 1999 – Commodore Applied Technologies, Inc. (ASE:CXI, CXIW), today announced audited financial results for the fiscal year ended December 31, 1998. (See Table)
The report of the Company’s independent accountants with respect to the financial statements of the Company, from which the financial data included in this press release is excerpted, includes an explanatory paragraph stating there are matters which raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s 1999 forecasted corporate expenses are anticipated to exceed annual cash flows from operations by approximately $1.6 million. The Company is hopeful that it will raise additional financing in the near future. However, the Company believes it has, as of December 31, 1998, sufficient cash and cash equivalents ($1,798,000), and unused borrowing capacity (approximately $1 million) to fund ongoing activities through the end of 1999. The mission of Commodore Applied Technologies, Inc., is to develop projects and commercialize services in the nuclear and radioactive mixed waste, Department of Energy (DOE) markets where technology and engineering support are a prerequisite. Commodore Applied Technologies, Inc. is 35% owned by Commodore Environmental Services, Inc. (OTCBB: COES). These materials contain forward-looking statements based on a series of projections and estimates regarding economics within the company’s markets, the industries in which the company operates, the effects of legislation and regulations, as well as business and competitive outlook. ###
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Carlsbad Site Receives First Radioactive Waste Shipment Says Commodore Applied Technologies, Inc. New York, New York, March 30, 1999, — Commodore Applied Technologies, Inc. (ASE:
CXI, CXIW) announced today that on Friday, March 26, 1999 the first shipment of transuranic nuclear waste arrived safely at the U.S. Department of Energy’s (DOE) Waste Isolation Pilot Plant
(WIPP), the nation’s first deep nuclear waste disposal site, located in Carlsbad,
NM. ###
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Commodore Applied Technologies, Inc. Signs Letter of Intent to Purchase Global Energy Investors, LLC New York, New York, March 25, 1999, -- Commodore Applied Technologies, Inc. ("Commodore") (ASE:
CXI, CXIW) announced today that it had entered into a Letter of Intent with Global Energy Investors, LLC ("Global") pursuant to which Commodore will initially acquire 50% of Global and eventually acquire 100% of Global. Global's principal officers and shareholders include Robert C.
McFarlane, the former National Security Advisor to President Ronald Reagan, and Robert Traylor, a 40-year veteran in the nuclear industry and co-founder and former CEO of Management Analysis Company, a leading nuclear power consulting
firm. ###
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General Accounting Office Denies Teledyne-Commodore, LLC Protest
New York, New York, March 10, 1999 - Commodore Applied Technologies, Inc. (ASE:
CXI, CXIW) 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. ###
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NEW YORK, NY, January 13, 1999 - Dames & Moore Group (NYSE: DM) announced today that it has entered into a formal agreement with Commodore Applied Technologies, Inc. (ASE:
CXI, CXIW) for the exclusive use of its proprietary technology to destroy radioactive contaminated sodium and sodium potassium mixtures
(NaK) at several Department of Energy (DOE) sites domestically, and selected international locations, where Dames & Moore Group is already participating in site cleanup of cold war legacy waste. ###
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New York, N.Y., December 31, 1998 - Commodore Applied Technologies, Inc. (ASE:
CXI, CXIW), announced today that it has consummated a debt restructuring plan with its creditor and 35% stockholder, Commodore Environmental Services, Inc.
(OTCBB: COES) following the completion of the fairness
opinions ###
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General Accounting Office Reinstates New York, New York, November 25, 1998 - Commodore Applied Technologies, Inc. (ASE:
CXI, CXIW) announced today that the U.S. General Accounting Office (GAO) has reversed its September 15, 1998, dismissal and has reinstated the protest lodged by Teledyne-Commodore
LLC, its joint venture with Teledyne Environmental, Inc. ###
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Commodore Applied Technologies, Inc. New York, N.Y. November 13, 1998 - Commodore Applied Technologies, Inc. (ASE: CXI, CXIW), today announced results for the three and nine month periods ended September 30, 1998 (see table below). Commodore Applied Technologies, Inc. and Subsidiaries Condensed,
Consolidated Statements of Operations
Commodore is directly commercializing the solvated electron technology (SET™) process. This important process technology has been ushered through the research and development phases and is now being utilized in commercial contracts. ###
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New York, New York, November 9, 1998 -- Commodore Applied Technologies, Inc. (ASE:
CXI, CXIW) announced today that its wholly owned subsidiary, Commodore Advanced Sciences, Inc.
(CAS) has been awarded a five-year subcontract under Tetra Tech's (NASDAQ:
WATR) $20 million contract with Bechtel Jacobs Company LLC for general engineering support in environmental management work at the U.S. Department of Energy's (DOE) Oak Ridge, TN site. This subcontract has an estimated value of $3 to $5 million over a five-year period. ###
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New York, New York, November 5, 1998
- Commodore Applied Technologies, Inc. (ASE: CXI, CXIW) announced today that its wholly owned subsidiary, Commodore Advanced Sciences, Inc. (CAS) has been awarded a two-year extension by the U.S. Department of Energy (DOE) on its existing Carlsbad Area Office Technical Assistance Contract (CTAC). CAS will provide technical assistance to the DOE's Carlsbad Area Office in support of the permitting and operation of the Waste Isolation Pilot Plant (WIPP), the nation's first deep nuclear waste disposal site. CAS anticipates revenues of approximately $10 million per year over the next two years as a result of the extension of the WIPP contract. ###
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Commodore Applied Technologies Streamlines Operations NEW YORK, NEW YORK, September 29, 1998 - Commodore Applied Technologies, Inc. (ASE: CXI, CXIW) said today that it is restructuring its operations to focus its commercialization strategy for its SET™ technology on the highest potential markets identified by its corporate partners and government agencies. In connection with this reorganization, the Company announced a reduction in work force and consolidation of
facilities. ###
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U.S. Army Clears Commodore On Debarment Issue NEW YORK, N.Y., September 25, 1998 - Commodore Applied Technologies, Inc. (ASE: CXI, CXIW) is pleased to announce that its subsidiary, Commodore Advanced Sciences, Inc. (CASI) has been notified that it is entirely relieved of any risk of debarment by the U.S. Government relating to the August 1996 bid to the Army by a group of contractors of which CASI was a member. ### |
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Two Commodore Companies and Global Technologies Propose Treatment Plan for Spent Nuclear Fuel Rods.
NEW YORK, N.Y., September 18, 1998 - Commodore Applied Technologies, Inc. (ASE: CXI, CXIW) and Commodore Separation Technologies, Inc. (NASDAQ: CXOT, CXOTW, CXOTP), announced today that they had entered into a teaming arrangement with Global Technologies, Inc. to process spent nuclear fuel materials at Idaho National Laboratories, Idaho Falls. ###
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Commodore Applied Technologies Says NEW YORK, N.Y., September 16, 1998 - Commodore Applied Technologies, Inc. (ASE:CXI, CXIW) announced today that the U.S. General Accounting Office has rejected a protest lodged by Teledyne-Commodore LLC, its joint venture with Teledyne Environmental, Inc., of the U.S. Army's funding decisions in the Assembled Chemical Weapons Assessment (ACWA) program. The company said that the GAO decision was based on administrative procedural issues, in particular, a lack of jurisdiction, not on the substantive issues involved. Therefore, the dismissal is without prejudice. ###
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Commodore Concludes Internal Investigation NEW YORK, N.Y., August 21, 1998 - Commodore Applied Technologies, Inc. (ASE: CXI,CXIW) announced today that its Board had completed its own internal as well as independent investigation of the circumstances of an August 1996 bid to the Army from a group of contractors of which its subsidiary, Commodore Advanced Sciences, Inc. (CASI) was a team member. The bid in question was submitted to the Army prior to Commodore's acquisition of CASI and did not result in a contract award. This internal and independent investigation was prompted by the Army's notification that it was reviewing the circumstances surrounding an inappropriate bid by the team members that could lead to a recommendation of debarment proceedings. ###
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Commodore Receives Contract to Remediate PCBs at Air National Guard Site NEW YORK, N.Y., August 19, 1998 - Commodore Applied Technologies, Inc. (ASE:CXI, CXIW) announced today that it had been awarded a contract by Operational Technologies Corp. (OpTech) to utilize the solvated electron technology (SET™) process to treat PCB-contaminated soil located at a Pennsylvania Air National Guard facility, Harrisburg International Airport,
Pa. ###
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Commodore Applied Technologies, Inc. Reports Second Quarter, Six Month Results New York, N.Y. August 14, 1998 - Commodore Applied Technologies, Inc. (ASE: CXI, CXIW), today announced results for the three and six month periods ended June 30, 1998 (see table below).
Commodore is directly commercializing the solvated electron technology (SET™) process, and through a subsidiary, the supported liquid membrane (SLiM™) process. These important process technologies have been ushered through the research and development phases to where both proprietary technologies have commercial relevance and both are operating under commercial contracts in affiliated
companies. ###
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Commodore Names Edward L. Palmer to its Board New York, NY - August 14, 1998- Commodore Applied Technologies, Inc. (ASE: CXI, CXIW), announced today that Edward L. Palmer, former chairman of the Executive Committee and director of Citicorp and Citibank, N.A., has been named to the company's board of directors. Mr. Palmer will be replacing Ed L. Romero, who resigned from the board after being named U.S. Ambassador to Spain. ###
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Waste Control Specialists and Commodore Applied
New York, NY - August 10, 1998- Commodore Applied Technologies, Inc. (ASE:CXI, CXIW), announced today that its subsidiary, Commodore Advanced Sciences, Inc., had signed a memorandum of understanding with Waste Control Specialists, LLC (WCS), a waste disposal and transportation company based in Pasadena, Texas. The agreement is intended to establish the first permanent SET™ process installation at a facility that is permitted and licensed by all levels of government to remediate mixed waste, which is radioactive material mixed with a hazardous
contaminant. ###
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Commodore Applied Technologies CFO Resigns to Join New York, NY - August 7, 1998- Commodore Applied Technologies, Inc. (ASE: CXI, CXIW) announced that Michael D. Fullwood, senior vice president, chief financial officer and general counsel, has resigned to accept an executive position at a New York health care organization. Paul E. Hannesson, Commodore chair | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||