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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): NOVEMBER 25, 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.)
150 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.
NOVEMBER 25, 1998
ITEM 5. OTHER EVENTS.
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On November 25, 1998, Commodore Applied Technologies, Inc., a Delaware
corporation (the "Company"), announced that the U.S. General Accounting Office
has reversed its September 15, 1998 dismissal and has reinstated the protest
lodged by Teledyne-Commodore LLC, the Company's joint venture with Teledyne
Environmental, Inc., which stated that there were major errors in the evaluation
process omitting Teledyne-Commodore LLC's technology from the U.S. Army's
Assembled Chemical Weapons Assessment program technology demonstration.
Additional information concerning the foregoing is set forth in the press
release filed herewith as Exhibit 99.1.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS.
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(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 November 25, 1998, of Commodore Applied
Technologies, Inc.
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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: November 25, 1998 By: /s/ JAMES M. DEANGELIS
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James M. DeAngelis, Treasurer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated November 25, 1998, of Commodore Applied
Technologies, Inc.
COMMODORE APPLIED TECHNOLOGIES, INC.
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NEWS RELEASE
FOR RELEASE: IMMEDIATE
CONTACT: JAMES M. DEANGELIS
MELISSA C. BERKOWITZ
(212) 308-5800
GENERAL ACCOUNTING OFFICE REINSTATES TELEDYNE-
COMMODORE, LLC PROTEST
New York, New York, November 25, 1998 -- Commodore Applied Technologies, Inc.
(ASE: CXI, CXIW) announced today that the U.S. General Accounting Office (GAO)
has reversed its September 15, 1998 dismissal and has reinstated the protest
lodged by Teledyne-Commodore LLC (T-C), its joint venture with Teledyne
Environmental, Inc.
The GAO will now rule on T-C's protest which stated that there were major errors
in the evaluation process omitting T-C's technology from the U.S. Army's
Assembled Chemical Weapons Assessment (ACWA) program technology demonstration.
One of the errors made in the selection process was the failure to follow ACWA's
own evaluation criteria, including properly calculating "best value" and
allowing for a "total system solution." For example, the company learned at the
debriefing that, even though the evaluation criteria established technical
rankings as the most important factors, two of the three winning companies had
the lowest technical evaluations of the original six. In addition, other errors
in the process included failure to properly consider government financial
support for tests carried out by two of the announced winners, and the
opportunity for some bidders to reduce costs after the submission of bids.
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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150 East 58th Street Suite 3400 New York, NY 10155-0070
(212) 308-5800 Fax (212) 753-0731
