ATG Receives Building Occupancy Permit for New $28 Million LLMW Facility.Business Editors FREMONT, Calif.--(BUSINESS WIRE)--July 31, 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 the receipt of the building occupancy permit for its new Low Level Mixed Waste (LLMW LLMW Low Level Mixed Waste ) treatment facility in Richland, WA from the city's Building Inspection Department. With the occupancy permit now obtained, ATG is authorized to commence equipment start-up, instrument calibration, system integration, commercial scale demonstration and other pre-operational procedures for its proprietary GASVIT(TM) thermal processing equipment. The LLMW facility consists of both thermal and non-thermal treatment processes. The facility has a non-thermal capacity of 8,000 metric tons per year and a thermal capacity thermal capacity: see heat capacity. of 1,250 metric tons per year under its present permit. The Company has multi-year contracts to treat LLMW with U.S. Department of Energy facilities at Hanford, WA, Oak Ridge Oak Ridge, city (1990 pop. 27,310), Anderson and Roane counties, E Tenn., on Black Oak Ridge and the Clinch River; founded by the U.S. government 1942, inc. as an independent city 1959. , TN, Brookhaven, NY and Oakland, CA, and has purchase orders with various commercial power plants. "This permit is another significant milestone in our efforts to serve the sizeable LLMW market," said Doreen Chiu, president and chief executive officer of ATG. "To date, ATG has met all requirements for engineering, design, permitting and construction of the most comprehensive, efficient and environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] LLMW facility in the country. This facility will enable ATG to play an even more important role in the environmental clean-up and waste treatment business." "This LLMW privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned project was first initiated in 1995, and completion of this facility is on-schedule and within budget," added Ms. Chiu. Final inspection of the facility was conducted by the City of Richland on July 27, 2000, and covered civil, structural, electrical, mechanical and occupancy safety requirements. Construction of the $28 million facility is financed by a Washington State tax-exempt industrial revenue bond. 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: i) completion of the LLMW facility on-schedule and within budget; ii) ATG's position in the environmental clean-up and waste treatment business; and iii) the size of the LLMW market in the future. 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: a) market acceptance of ATG's treatment processes; b) the Company's perception of the market for its services; c) the ability of ATG to complete construction of the LLMW facility on-schedule and within budget; d) ATG's ability to successfully win additional treatment contracts in the future; 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. The Financial Relations Board, Inc. serves as financial relations counsel to this company and is acting on the company's behalf in issuing this bulletin and receiving compensation therefor there·for adv. For that: ordering goods and enclosing payment therefor. Adv. 1. therefor . The information contained herein is furnished for information purposes only and is not to be construed as an offer to buy or sell securities. |
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