Printer Friendly
The Free Library
19,573,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ATG Inc. Wins International Contract from Taiwan Power.


FREMONT, Calif.--(BUSINESS WIRE)--Dec. 10, 1998--ATG 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 waste Noun 1. low-level radioactive waste - (medicine) radioactive waste consisting of objects that have been briefly exposed to radioactivity (as in certain medical tests)  treatment services, today announced the award of its first international contract with Taiwan Power Company The Taiwan Power Company (Chinese: 台灣電力公司, also known as Taipower) is a state-owned electric power utility providing electric power to Taiwan and off-shore islands of Republic of China.  to decontaminate copper condenser condenser

Device for reducing a gas or vapour to a liquid. Condensers are used in power plants to condense exhaust steam from turbines and in refrigeration plants to condense refrigerant vapours, such as ammonia and Freons.
 tubing which is contaminated with low-level radioactivity.

The initial contract is valued at $2.6 million.

The contract includes transportation, decontamination decontamination /de·con·tam·i·na·tion/ (de?kon-tam-i-na´shun) the freeing of a person or object of some contaminating substance, e.g., war gas, radioactive material, etc.

de·con·tam·i·na·tion
n.
 and beneficial recycling for reuse of the copper condenser tubing. Approximately 1.6 million pounds of slightly contaminated admiralty brass tubing will be decontaminated at ATG's Richland, Washington facility. Once the metal is decontaminated, it will be recycled for reuse. At today's market price the condenser tubes have a value of $750,000 when recycled.

Bill Hewitt, president of ATG ATG antithymocyte globulin.
lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG)

Atgam

Pharmacologic class: Immunoglobulin

Therapeutic class: Immunosuppressant
 Waste Management Services said, "The award of this contract demonstrates that ATG not only has the ability to work closely and successfully with the regulators at local, state and federal levels in the United States, it also demonstrates that we can work successfully with international customers and regulatory bodies. This success in Asia is a reflection of our permitting expertise, ultimately contributing to the bottom line."

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 commented, "ATG's environmentally-friendly SAFGLAS(tm) vitrification vit·ri·fi·ca·tion
n.
The process of using heat and fusion to convert dental porcelain to a glassy substance.


vitrification
 system and 10-year safety record at the Richland facility were factors that the Taiwan Power client considered favorably when awarding the contract. In addition to a 100 percent success rate with utility plants, as a result of onsite client visits to the SAFGLAS vitrification operation, we now have our first international contract due to the SAFGLAS process."

Ms. Chiu continued, "As a result of our recently announced acquisition of the Wet Waste and Resin Thermal Processing business line and a facility strategically located at Oak Ridge, Tennessee Oak Ridge is an incorporated city in Anderson and Roane Counties in East Tennessee, about 25 miles northwest of Knoxville. Oak Ridge's population was 27,387 people at the 2000 census. , we have added another power plant client in South Korea as well as other commercial clients in Asia and Europe. The addition of these business lines, along with our SAFGLAS successes, provide the foundation for a global approach to the nuclear utilities market, the chemical weapon demilitarization de·mil·i·ta·rize  
tr.v. de·mil·i·ta·rized, de·mil·i·ta·riz·ing, de·mil·i·ta·riz·es
1. To eliminate the military character of.

2.
 and the incinerator ash vitrification markets."

Further information regarding the acquisition of the assets in Oak Ridge and its impact on ATG's business over the next year will be released shortly.

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.

ATG Inc. is a radioactive and hazardous waste management company that offers comprehensive thermal and non-thermal solutions to 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.

ATG Inc. corporate headquarters are located at 47375 Fremont Blvd., Fremont, CA 94538
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 10, 1998
Words:548
Previous Article:QuicKeys for Windows Named Finalist for Prestigious Software Industry Award.
Next Article:PlayStation Game Console Poised to Dominate Christmas for Third Year in a Row.



Related Articles
ATG Inc. Announces Award of Navy Contract.
ATG Inc. Acquires Business Lines Expected To Generate Over $25 Million in 1999 Revenues.
ATG Reports Record Results for the 1998 Fourth Quarter and Year End; Fourth Quarter Earnings Up 300 Percent Over Prior Year's Quarter.
ATG Awarded $3.5 Million Department of Energy Contract For Waste Removal and Processing.
ATG Wins Two New Contracts Valued at More Than $1 Million; Company's Services to Be Used at Two Commercial Nuclear Power Stations.
ATG Shareholders Approve Proxy Proposals At Annual Meeting.
ATG Receives Building Occupancy Permit for New $28 Million LLMW Facility.
ATG Wins $2.2 Million Contract; Company's Services to be Used in Remediation of San Mateo Landfill.
GE to buy failing phone firm ATG.
ATG announces Web services support.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles