Company Has Received a $703,000 Initial Cash Payment for the First-of-its-Kind
10 ton-per-day System in Australia with Manufacturing Starting in February,
2006
WILTON, Conn., Jan. 3 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company, announced
today that Plastech Solutions, Ltd. has paid Startech $703,000 to commence
manufacturing for Plastech's purchase of a 10 ton-per-day Plasma Converter
System. Startech will begin manufacturing the System on February 6, 2006 with
the delivery scheduled for a date later in the year. The contract calls for a
fixed schedule of payments to be made to the Company during the manufacturing
cycle.
Plastech Solutions, Ltd. of New South Wales, Australia is Startech's
exclusive distributor for Australia, New Zealand and Oceania. Its $703,000
payment does not include the $250,000 that Plastech paid to the Company for
the Distributorship. The first-of-its-kind Startech 10 TPD Plasma Converter in
the Plastech territory will be processing an assortment of industrial and
institutional wastes.
For further information, please contact ruth.buchanan@plastechenviro.com
Joseph F. Longo, CEO of Startech said, "With Plastech based in Australia,
GlobalTech in China, and Mihama in Japan, the Company's distributors are now
perfectly positioned to sell to and service the enormous Western Pacific Rim
and Asian markets. Mihama, located in Kobe, Japan is expected to have
completed the recommissioning of its Startech Plasma Converter System, moved
from Fukuoka, and to be processing wastes by the end of February '06 in
Mihama's newly built Plasma Converter Processing and Demonstration Center in
Kobe.
About Startech -- a Waste Industry and Energy Company
Startech Environmental is a Waste Industry and Energy company engaged in
the production and sale of its innovative, proprietary plasma processing
equipment known as the Plasma Converter System(TM). The Plasma Converter
System safely and economically destroys wastes, no matter how hazardous or
lethal, and turns them into useful and valuable products. In doing so, the
System protects the environment and helps to improve the public health and
safety. The System achieves closed-loop elemental recycling to safely and
irreversibly destroy Municipal Solid Waste, organics and inorganics, solids,
liquids and gases, hazardous and non-hazardous waste, industrial by-products
and also items such as "e-waste," medical waste, chemical industry waste and
other specialty wastes while converting many of them into useful commodity
products that can include metals, a syn-gas energy product called Plasma
Converted Gas (PCG)(TM) and also hydrogen for use and for sale.
Startech regards all wastes as valuable renewable resources. Plasma
Converters process, as feedstocks, materials previously regarded as wastes.
For further information, please visit http://www.startech.net or contact
Steve Landa at (888) 807-9443, (203) 762-2499 x148 or sales@startech.net.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including
statements regarding the Company's plans and expectations regarding the
development and commercialization of its Plasma Converter(TM) technology. All
forward-looking statements are subject to risk and uncertainties that could
cause actual results to differ materially from those projected. Factors that
could cause such a difference include, without limitation, failure of the
customer to obtain appropriate financing for the project, general risks
associated with product development, manufacturing, rapid technological change
and competition as well as other risks set forth in the Company's filings with
the Securities and Exchange Commission. The forward-looking statements
contained herein speak only as of the date of this press release. The Company
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any such statement to reflect any change in the
Company's expectations or any change in events, conditions or circumstances on
which any such statement is based.
SOURCE Startech Environmental Corporation
 back to top
Related links:
http://www.startech.net
Company News On-Call:
http://www.prnewswire.com/comp/113537.html
CONTACT:
Steve Landa at 1-888-807-9443,
+1-203-762-2499 x148, sales@startech.net, Startech Environmental
Corporation; Ruth Buchanan of PlasTech Solutions, Ltd.,
ruth.buchanan@plastechenviro.com
|
