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MOLTEN METAL TECHNOLOGY REPORTS THIRD QUARTER RESULTS

 WALTHAM, Mass., Nov. 10 /PRNewswire/ -- Molten Metal Technology, Inc. (NASDAQ: MLTN) today reported results for the third quarter ended Sept. 30, 1993.
 Revenues for the third quarter increased to $1,363,836 from $50,000 for the previous year's period. The company reported a net loss of $2,780,010, or 15 cents per share, compared with a loss of $2,465,856, or 19 cents per share, for the same period last year.
 Revenues for the nine-month period ended Sept. 30, 1993 were $2,347,986 vs. $2,366,327 in 1992. The company reported a net loss of $8,199,820, or 47 cents per share, for the latest nine-month period, compared with a net loss of $4,872,759, or 38 cents per share, for the same period last year.
 "In line with our near-term plans to primarily own and operate, rather than license, CEP systems, we have relied heavily on co-funding waste processing tests at our recycling research and development facility," said William M. Haney, chairman and chief executive officer.
 Revenue for the quarter increased over that of the prior year's period due to funding under government contracts to test the applicability of Molten Metal Technology's catalytic extraction process for the recycling of wastes.
 Among the milestones achieved during the quarter, the company began commercial-scale tests at its Fall River, Mass., recycling research and development facility, and was awarded a recycling research and development permit for the plant from the Massachusetts Department of Environmental Protection.
 Molten Metal Technology is an environmental technology company commercializing a breakthrough proprietary recycling technology known as catalytic extracn? processing (CEP). CEP makes valuable products from wastes by dissolving them in a molten metal bath. Broadly applicable to a wide variety of hazardous and non-hazardous wastes, CEP has the potential to eliminate society's dependence on incineration and landfilling.
 MOLTEN METAL TECHNOLOGY, INC.
 SUMMARY STATEMENT OF OPERATIONS DATA
 (Unaudited)
 Quarter Ended Nine Months Ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Revenue $1,363,836 $50,000 $2,347,986 $2,366,327
 Net loss $(2,780,010)$(2,465,856) $(8,199,820)$(4,872,759)
 Net loss per share (15 cents) (19 cents) (47 cents) (38 cents)
 SUMMARY BALANCE SHEET DATA
 Sept. 30, 1993 Dec. 31, 1992
 (unaudited)
 ? Current assets $53,016,023 $2,647,090
 Long-term assets 14,144,045 8,876,086
 Total $67,160,068 $11,523,176
 Liabilities and stockholders
 equity:
 Current liabilities $2,421,094 $2,719,966
 Long-term liabilities 4,258,892 3,538,531
 Stockholders' equity 60,480,082 5,264,679
 Total $67,160,068 $11,523,176
 -0- 11/10/93
 /CONTACT: Susan Klein, (media) 617-487-7689, or Benjamin T. Downs, (investor) 617-487-7654, both of Molten Metal Technology/
 (MLTN)


CO: Molten Metal Technology ST: Massachusetts IN: ENV SU: ERN

JL-DJ -- NE015 -- 2934 11/10/93 17:01 EST
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Date:Nov 10, 1993
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