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CXI
(AMEX) -
Commodore Applied Technology has a good shot at grabbing a chunk of
a huge potential market - toxic waste treatment/disposal. Commodore's
proprietary Solvated Electron Technology (SET) is a non-incineration
process that neutralizes/destroys a large variety of dangerous substances
including; but not limited to, aging chemical weapons such as nerve
and mustard gases, PCB's, pesticides, dioxins, and even a variety of
nuclear wastes. The CXI technology
has tremendous advantages over competing technologies which require
incineration; not the least of which is its "tree hugger"
appeal. Environmental groups are vehemently opposed to the incineration
of toxic substances because of the threat of creating new toxic byproducts
as a result of the high temperature incineration process. Another big
plus for Commodore's SET process is portability. Processing units can
be taken directly to the site, and when treating toxic material such
as contaminated soil, the processed soil is sufficiently toxin free
to be returned to the environment.
The potential market for destruction of the world's stockpiles
of aging chemical weapons alone is estimated to be in the range of $75
to $100 billion. As of this writing, Commodore is awaiting official
notification by the U.S. Department of Defense that its technology has
been selected for testing by the Army. Commodore's SET process is one
of 6 technologies slated to be tested. Of the 6, the SET process is
deemed by many experts to be the most viable. CXI
closed Friday at 1.
Good
trading... Stockprowler
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