COMMODORE AGENT 313 TECHNOLOGY SELECTED FOR RAPID COMMERCIALIZATION INITIATIVE.NEW YORK--(BUSINESS WIRE)--April 3, 1996--Commodore Environmental Services, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :COES COES College of Engineering and Science COES Committee on Open Electronic Systems COES Clinical Operational Equipment Sets ) today announced that its AGENT 313(R) technology for environmental restoration and remediation has been selected by the U.S. Department of Commerce ("DOC") as one of 10 innovative technologies for the Rapid Commercialization Initiative ("RCI") program. As a key component of the Clinton Administration's efforts to encourage cooperation between federal and state governments and the private sector, the RCI program's goal is to bring environmental technologies to market more rapidly and efficiently by reducing or eliminating those barriers that currently impede market entry. By achieving rapid commercialization of environmental technologies, the program aims to strengthen the competitiveness of U.S. industry in national and international environmental markets. Several federal and state organizations are joining with the DOC to support the initiative, including the U.S. Department of Defense, U.S. Department of Energy, U.S. Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and , Southern States Energy Board, Western Governors' Association and the State of California Environmental Protection Agency The California Environmental Protection Agency (Cal/EPA) was created in 1991 by Governor Pete Wilson, through an executive order.[1] The agency combined six board, departments, and offices into one cabinet-level office:[2] At the White House Environmental Technologies Conference, where the RCI program was introduced in December 1994, Vice President Gore remarked, "The goal of this effort, the Rapid Commercialization Initiative, or RCI, is simple--to ensure that good ideas for environmental solutions reach the market quickly." Commodore's AGENT 313(TM) technology has been in development and testing for several years, and is designed to treat soils, oils, sludges, sediments and other media contaminated with PCBs, herbicides, pesticides and other halogenated halogenated pertaining to a substance to which a halogen is added. halogenated salicylanilides see rafoxanide, clioxanide. compounds. Commodore also believes that AGENT 313(TM) is effective in treating chemical warfare agents and radioactively contaminated materials. The process is portable and operates at ambient temperature with no harmful emissions. Recently, Commodore was issued a Nationwide Operating Permit from the U.S. Environmental Protection Agency ("EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. ") for its AGENT 313(TM) PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. destruction technology. Commodore believes that the permit is the first of its kind for a non-thermal, portable technology, covering the treatment of PCB-contaminated soil and metal surfaces. The permit is valid through March 15, 2001. Commodore Environmental Services, Inc. (OTC:COES), based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , and its wholly-owned subsidiaries Commodore Applied Technologies, Inc. and Commodore Refrigerant Technologies, Inc., are engaged in the development and commercial application of its patented and patent pending AGENT 313(TM). Through bench testing and pilot scale testing, the AGENT 313(TM) technology has proven effective in destroying a wide array of halogenated substances, which are among the most difficult contaminants in the environment to treat and destroy. Such contaminants include PCBs, dioxins, pesticides, herbicides, fungicides and chlorofluorocarbons chlorofluorocarbons (klōr'əfl  r`əkär'bənz, klôr'–) (CFCs), organic compounds that contain carbon, chlorine, and fluorine atoms. . AGENT 313(TM) has also proven effective in the destruction of chemical warfare agents. CONTACT: Commodore Environmental Services, Inc. Melissa C. Berkowitz (212) 308-5800 or INVESTOR RELATIONS COUNSEL: The Equity Group Inc. Terry Hosmer (212) 836-9610 Robert Goldstein (212) 371-8660 |
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