ATG Completes $5.8 Million Safglas Upgrade; Upgrade Increases System Production Capacity by 100%.Business Editors FREMONT, Calif.--(BUSINESS WIRE)--Oct. 2, 2000 ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant Inc. (Nasdaq:ATGC ATGC Adenine,Thymine, Guanine, & Cytosine ATGC Asiantaeth Trwyddedu Hywyr A Cherbydau (Welsh: Driver and Vehicle Licensing Agency, UK) ), a leading provider of low-level radioactive and low-level mixed waste treatment services, today announced that it has completed Phase II of the company's major equipment upgrade to the Safglas process at the Richland, Wash., facility. A new Bulk Processing Unit ("BPU BPU benzoylphenyl urea. ") off-gas treatment system has been installed and is now in operation. This latest equipment upgrade will further improve operational reliability and environmental health and safety, while increasing the system production capacity by 100%. The Safglas upgrade project, initially started in December 1998, was specifically designed to increase overall thermal processing capacity and to improve production efficiency. In addition to the BPU enhancement, the project completed today includes installation of an advanced air pollution control infrastructure. The company has invested a total of $5.8 million in the project. "This is a major milestone for all of us at ATG," said Doreen Chiu, president and chief executive officer of ATG. "With these improvements, we will be able to utilize the full capability of our equipment. It is also another step in our strategic plan to enhance our operations, particularly to offer the new thermal capacity thermal capacity: see heat capacity. to support our Oak Ridge facility, including resin processing." About ATG Inc. ATG Inc. is a radioactive and hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. management company that offers comprehensive thermal and non-thermal solutions for low-level radioactive and low-level mixed waste generated by commercial entities such as nuclear power plants, medical facilities and research institutions, both in the United States and overseas, and by the U.S. Departments of Defense and Energy. Certain statements contained in this news release may be deemed to be forward-looking statements under federal securities laws, and ATG, Inc. intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements relate to the completion of the Safglas upgrade project and the resulting increase in capacity. ATG cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements herein. Such factors include, but are not limited to, unforeseeable Un`fore`see´a`ble a. 1. Incapable of being foreseen. Adj. 1. unforeseeable - incapable of being anticipated; "unforeseeable consequences" unpredictable - not capable of being foretold delays in the completion of the Safglas upgrade project, the company's perception of the impact the upgrade will have on capacity, and other risks as detailed in ATG's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly report on Form 10-Q Form 10-Q See 10-Q. , and other filings from time to time with the Securities and Exchange Commission. |
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