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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 16, 1998
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Commodore Applied Technologies, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-11871 11-3312952
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State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
105 East 58th Street, Suite 3400
New York, New York 10155
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 308-5800
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(Former Name or Former Address, if Changed Since Last Report)
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CURRENT REPORT ON FORM 8-K
COMMODORE APPLIED TECHNOLOGIES, INC.
September 16, 1998
Item 5. Other Events.
On August 12, 1998, Teledyne-Commodore LLC, a joint venture between
Commodore Applied Technologies, Inc. (the "Company") and Teledyne
Environmental, Inc., announced that it had filed an official protest with the
General Accounting Office of the U.S. Army ("GAO") as a result of the
omission of the Company's SET technology from the U.S. Army's Assembled
Chemical Weapons Assessment ("ACWA") program technology demonstrations. The
protest was previously reported in the Company's Current Report on Form 8-K,
dated July 29, 1998. Additional information concerning the protest is set
forth in the press release incorporated herein by reference as Exhibit 99.1.
On September 16, 1998, the Company announced that the GAO has
rejected the protest of Teledyne-Commodore LLC of the U.S. Army's decision to
omit the Company's SET technology from the ACWA program, based on
administrative procedural issued (i.e., lack of jurisdiction) and not on the
substantive issues involved. Therefore, the dismissal was "without
prejudice." Additional information concerning the Army's decision is set
forth in the press release filed herewith as Exhibit 99.2.
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Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
Exhibit No. Description
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*99.1 Press Release, dated August 12, 1998, of Teledyne-Commodore LLC.
99.2 Press Release, dated September 16, 1998, of the Company.
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* Incorporated herein by reference to the Company's Current Report on Form
8-K, dated July 29, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by
the undersigned thereunto duly authorized.
COMMODORE APPLIED TECHNOLOGIES, INC.
Date: September 16, 1998 By: /s/ James M. DeAngelis
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James M. DeAngelis, Treasurer
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EXHIBIT INDEX
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<CAPTION>
Exhibit No. Description
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<S> <C>
*99.1 Press Release, dated August 12, 1998, of Teledyne-Commodore LLC.
99.2 Press Release, dated September 16, 1998, of the Company.
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* Incorporated herein by reference to the Company's Current Report on
Form 8-K, dated July 29, 1998.
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Exhibit 99.2
[LETTERHEAD OF APPLIED TECHNOLOGIES, INC.]
NEWS RELEASE
FOR RELEASE: IMMEDIATE
CONTACT: JOHN PETERSON - MEDIA
MELISSA C. BERKOWITZ - SHAREHOLDERS
(212) 308-5800
COMMODORE APPLIED TECHNOLOGIES
SAYS GAO REJECTS PROTEST
New York, NY, September 16, 1998 - Commodore Applied Technologies, Inc.
(ASE:CXI, CXIW) announced today that the U.S. General Accounting Office has
rejected a protest lodged by Teledyne-Commodore LLC, its joint venture with
Teledyne Environmental, Inc., of the U.S. Army's funding decisions in the
Assembled Chemical Weapons Assessment (ACWA) program. The company said that
the GAO decision was based on administrative procedural issues, in
particular, a lack of jurisdiction, not on the substantive issues involved.
Therefore, the dismissal is without prejudice.
Commodore said that Teledyne-Commodore LLC is considering other options to
challenge whether the Army acted properly and within its Congressional
mandate when it decided not to fund Teledyne-Commodore LLC for demonstration
testing in a program designed to find alternative technologies to
incineration.
The Company also said that six members of the U.S. Senate have called on
Secretary of Defense Cohen to fund all six technologies that the Army
previously determined qualified for the testing phase of the ACWA program.
Last month, following the Army's decision, the Senate added $43 million to
the Defense Appropriations Bill to fund the additional ACWA testing in Fiscal
1999. Congress is expected to consider this bill within the next three weeks.
THESE MATERIALS CONTAIN FORWARD-LOOKING STATEMENTS BASED ON A SERIES OF
PROJECTIONS AND ESTIMATES REGARDING ECONOMICS WITHIN THE COMPANY'S MARKETS,
THE INDUSTRIES IN WHICH THE COMPANY OPERATES, THE EFFECTS OF LEGISLATION AND
REGULATIONS, AS WELL AS BUSINESS AND COMPETITIVE OUTLOOK.
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