ATG Inc. Announces Award of Navy Contract.FREMONT, Calif.--(BUSINESS WIRE)--June 22, 1998--ATG Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATGC ATGC Adenine,Thymine, Guanine, & Cytosine ATGC Asiantaeth Trwyddedu Hywyr A Cherbydau (Welsh: Driver and Vehicle Licensing Agency, UK) ) announced today the award of a $4.4 million contract by the U.S. Navy. The award includes a $1.3 million option for a total contract value of $5.7 million. The contract is for the comprehensive reduction and disposal of radioactive material radioactive material Radiation A substance that contains unstable–radioactive–atoms that give off radiation as they decay. See Radioactive decay. for the Pearl Harbor Pearl Harbor, land-locked harbor, on the southern coast of Oahu island, Hawaii, W of Honolulu; one of the largest and best natural harbors in the E Pacific Ocean. In the vicinity are many U.S. military installations, including the chief U.S. Naval Supply Center in Hawaii. The two-year contract includes the processing of approximately 3 million pounds of low-level contaminated contaminated, v 1. made radioactive by the addition of small quantities of radioactive material. 2. made contaminated by adding infective or radiographic materials. 3. an infective surface or object. materials, and the beneficial recycle of metals for reuse. According to Doreen Chiu, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant Inc.: "This award not only enhances our presence in the region, but provides us an opportunity to introduce ATG's SAFGLAS waste processing capability in the Pacific. Together with the existing 3-year Navy environmental restoration contract in Hawaii, which has $15 million in funding capacity, and our contracts with the city of Honolulu, we are building the critical mass necessary for our long-term objectives. SAFGLAS technology in both nuclear and non-nuclear applications can open much larger markets in the South Pacific, Japan and the Far East." Added Bill Hewitt, president - waste management services, "This new contract demonstrates the strong synergy between ATG's traditional volume reduction technologies and our new SAFGLAS thermal treatment technology which was a key to winning the project." 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 treatment solutions for low-level radioactive and low-level mixed waste generated by the U.S. Departments of Defense and Energy, and commercial entities such as nuclear power plants, medical facilities and research institutions, both in the United States and overseas. This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors including risk factors set forth under "Risk Factors" in the company's Registration Statement (Commission File No. 333-46107) and such other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
CONTACT: ATG Inc., Fremont
Doreen Chiu or Steve Guerrettaz, 510/490-3008
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