WILTON, Conn., Feb. 25 /PRNewswire/ -- Startech Environmental Corporation,
a fully reporting company, announced today that it has successfully completed
the upgrades and modifications of the 5 ton-per-day Plasma Converter(TM) for
Mihama Inc. in Japan. The performance of the modified system was successfully
demonstrated in continuous processing operations throughout February and
Mihama has signed the Certificate of Completion.
Mr. Hama, President of Mihama, said, "We are absolutely delighted with the
performance of the system and it will support our aggressive sales and
marketing campaign in Japan and other Asian countries. The market for Startech
systems is great."
Karl N. Hale, Startech VP of Engineering, said, "The $1,250,000 Mihama
contract completed the modification of the Plasma Converter that was formerly
owned and operated by the Eiko Systems Corporation. That system, now owned by
Mihama, will be moved to Mihama's new facility near Kobe, Japan where it will
be used to safely and irreversibly destroy PCBs (polychlorinated byphenyls)
for commercialization. As our Japan distributor, Mihama will also use the
system to support its Startech sales and marketing operations."
About PCBs
The World Wildlife Fund reports that, "PCBs interfere with many biological
functions, including the immune system, the nervous system and several
endocrine systems, and that fetuses appear to be particularly vulnerable to
these actions. Chronic low level PCB exposures can cause liver damage,
reproductive abnormalities, immune suppression, neurological and endocrine
system disorders, retarded infant development, and stunted intellectual
function.
Of the estimated 3.4 billion pounds of PCBs manufactured worldwide (not
including the PCBs in the former Soviet Union) by 1989, up to two-thirds
remain in use or in the environment."
About the Japanese PCB program
In 2001, the Japanese Ministry of the Environment reported that there are
about 270,000 high-voltage transformers and capacitors stored in Japan that
contain 70 percent of the PCB that was ever deployed in the country. In
October 2002, the Ministry of the Environment notified various prefectures
that they have to develop plans and facilities to take care of the PCB-
containing products and maintain control of them until they are safely and
irreversibly destroyed. The Ministry envisions establishing PCB Processing
facilities in approximately six areas in the country. Mihama expects to play
a significant commercial role in Japan's PCB program.
About Mihama Inc.
Mihama Inc. is the Startech Environmental distributor headquartered in
Nagano-Ken, Japan. Mihama is a well established manufacturer and seller of
automotive parts and accessories. The Company is now expanding into the
recycling of wastes, environmental technologies, the irreversible destruction
of PCBs, the development and sales of major capital equipment and the
management of industrial plants. Mihama's customers are eminent international
companies including Toyota Motor Corporation, General Motors, NTN Corporation
and major trading companies that include Toyota Tsusho, among others.
About Startech Environmental Corp.
Startech is an environmental technology company engaged in the production
and sale of its innovative, proprietary plasma processing equipment known as
the Plasma Converter System. This ruggedly built system achieves closed-loop
elemental recycling to safely and irreversibly destroy hazardous and non-
hazardous waste, solids, liquids, gases, and industrial by-products while
converting them into useful commercial products that can include chemical
feed-stocks, synthesis gas, hydrogen and energy for use and for sale.
The Plasma Converter System is available for demonstration, by
appointment, at the Company's facilities in Technology Park in Bristol,
Connecticut. Bristol, Connecticut is half way between New York City and
Boston.
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, 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.
For further information, contact either Joseph F. Longo at (888) 807-9443,
(203) 210-0141 or jlongo@startech.net, or David Resnic/Lorra Gosselin of
Schwartz Communications, at (781) 684-0770 or startech@schwartz-pr.com. Also,
please see the Startech Web page: http://www.startech.net.
SOURCE Startech Environmental Corporation
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Related links:
http://www.startech.net
CONTACT:
Joseph F. Longo, Startech Environmental
Corporation, +1-888-807-9443, +1-203-210-0141,
jlongo@startech.net; or David Resnic/Lorra Gosselin, Schwartz
Communications, +1-781-684-0770, startech@schwartz-pr.com
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