ATG INC.

ATG INC.

Previous company name

Name change date

Company Overview
This American-based company that operates a radioactive and waste management business. The company has its registered office in Hayward, California. Its main office is located in Fremont, California.
The company offers comprehensive treatment solutions for low-level radioactive waste and low-level mixed waste generated by the U.S. Department of Defense, the U.S. Department of Energy, and commercial entities such as nuclear power plants, medical facilities and research institutions. Its thermal treatment technologies achieve substantial volume and mass reductions for treated waste streams while encapsulating the non-volatile waste remains in a glass matrix or metal matrix for final disposal. Both of these final waste forms offer greater intrinsic safety and environmental benefits at competitive prices than either incinerator ash or non-thermal waste processing techniques.
In November of 2001, the company shut down all of its operations due to the freezing of its funds. A month after, it filed for protection and reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Business Summary
ATG, Inc. is a radioactive and hazardous waste management company that offers comprehensive treatment solutions for low-level radioactive waste and low-level mixed waste generated by the United States Department of Defense, the United States Department of Energy and commercial entities such as nuclear power plants, medical facilities and research institutions. The Company’s thermal treatment technologies achieve substantial volume and mass reductions for treated waste streams while encapsulating the non-volatile waste remains in a glass matrix or metal matrix for final disposal. Both of these final waste forms offer greater intrinsic safety and environmental benefits at competitive prices than either incinerator ash or non-thermal waste processing techniques. In November 2001, the Company shut down all of its operations due to the freezing of its funds. In December 2001, the Company filed for protection and reorganization under Chapter 11 of the United States Bankruptcy Code.
Description and history
ATG, Inc. is a radioactive and hazardous waste management company that offers comprehensive treatment solutions for low-level radioactive waste and low-level mixed waste generated by the U.S. Department of Defense, the U.S. Department of Energy, and commercial entities such as nuclear power plants, medical facilities and research institutions. The Company’s thermal treatment technologies achieve substantial volume and mass reductions for treated waste streams while encapsulating the non-volatile waste remains in a glass matrix or metal matrix for final disposal. Both of these final waste forms offer greater intrinsic safety and environmental benefits at competitive prices than either incinerator ash or non-thermal waste processing techniques. ATG operates through two primary business lines: the Fixed Facilities Group and the Field Engineering Group. In November 2001, the Company shut down all of its operations due to the freezing of its funds. In December 2001, the Company filed for protection and reorganization under Chapter 11 of the United States Bankruptcy Code.

Fixed Facilities Group

The Fixed Facilities Group operates ATG’s treatment facilities for low-level radioactive waste and low-level mixed waste in Richland, Washington and Oak Ridge, Tennessee and also provides shielded transportation services and on-site services at its customers’ facilities. The primary treatment facilities are located on a 45-acre parcel of land owned by ATG in Richland, Washington which is adjacent to the Department of Energy’s Hanford Reservation. The Company’s Richland facility is one of the largest commercial radioactive waste treatment facilities in the United States. This facility is currently licensed to handle, treat and store a wide variety of low-level radioactive waste. In addition, the facility is currently licensed to handle, treat and store a wide variety of non-thermal low-level mixed waste and must complete its demonstration testing to become fully operational for thermal low-level mixed waste treatment for both commercial and government generators.

Since 1988, ATG has treated and recycled several million pounds of low-level radioactive waste at its Richland facilities. Since being placed in operation in September 1997, the SAFGLAS system has processed in excess of four million pounds of low-level radioactive waste. In addition to the Department of Energy, Department of Defense and other agencies of the U.S. government, customers for the company’s low-level radioactive waste treatment services include over 90% of the nation’s nuclear power plants, many major corporations, and numerous universities, laboratories, hospitals and other research and medical institutions.

In early 1995, ATG began the licensing, design and facility construction process for a mixed waste treatment and storage facility to be sited at its Richland facilities. That permit was issued in July 1999 and construction of the facility commenced shortly thereafter financed by the proceeds from the issuance of $27 million in tax-exempt Solid Waste Revenue Bonds by the Port of Benton in Washington State.

Field Engineering Group

The principal services provided by ATG’s Field Engineering Group are the environmental restoration of sites contaminated with hazardous wastes and construction management contracts such as levee construction. The Company’s comprehensive capabilities include site investigation, characterization and assessment, negotiation with regulatory agencies and procurement of required regulatory approvals, preparation of feasibility and remedial design studies, removal and remediation actions, construction, waste brokerage and transportation.

Historically, providing services for decontamination and decommissioning of facilities contaminated with radioactivity, commonly referred to as D&D, has been ATG’s core specialty area. ATG has been involved in D&D projects for over a decade and currently is involved in several D&D projects for the Department of Energy. Customers for ATG’s D&D services include nuclear power plants, universities and other research institutions that utilize radioactive isotopes in a variety of research projects, hospitals with radiological medicine departments, companies employing nuclear materials in manufacturing and the Department of Energy and Department of Defense, which oversee the nation’s nuclear weapon production facilities.

The Company believes that there are significant near-term opportunities in domestic D&D, particularly in the commercial D&D market, as up to ten U.S. nuclear power plants are expected to be decommissioned over the next decade. Based on recent studies prepared by utilities regarding the costs to decontaminate and decommission nuclear power plants, as reported by the Nuclear Energy Institute, a nuclear energy industry policy organization, the Company estimates that the average total cost of decontaminating and decommissioning a domestic nuclear power plant is approximately $300-$400 million. In addition, based on a 1996 Baseline Environmental Management Report prepared by the Department of Energy, there are over 5,000 radioactivity-contaminated Department of Defense and Department of Energy facilities, which are scheduled to be decommissioned over the next decade.

ATG has historically concentrated on environmental removal and remediation actions at contaminated Department of Defense sites. ATG estimates that there are over 420 Department of Defense sites contaminated with low-level radioactive waste or low-level mixed waste. According to a February 2000 report of the Department of Energy entitled Assessment of the Environmental Management Industry, subcontracted spending by the Department of Energy for environmental remediation in 1998 was $1.85 billion, up 7% from 1997, and is projected to continue growing for 10 to 15 years. ATG estimates that environmental restoration spending by the Department of Defense is approximately 50% of Department of Energy spending, or approximately $0.94 billion, for 1998.

Business Line
Operates a radioactive and waste management business
Subsidiary

Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
5/1998
US SIC Code
4953
Company Address
3400, Arden Road

City province or state postal code
94545, HAYWARD, CA
Phone: +1 510 783 8200
Fax:
Country address: UNITED STATES OF AMERICA
Website url: www.atg.com