Ercole Marelli HiTech Srl to Support Startech's Customers in Italy and Other
European Union Countries
WILTON, Conn., March 7 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company, announced
today the appointment of Ercole Marelli HiTech Srl of Milan, Italy, as its
exclusive distributor for Italy. The Agreement requires Ercole Marelli to
purchase its first 10 ton-per-day Plasma Converter System (PCS), or larger, by
July 1, 2005. The Agreement also requires Ercole Marelli to purchase more
than $300 million worth of Startech Plasma Converter Systems uniformly during
the next ten years as a minimum to maintain the Distributorship.
Giuseppe Fazio, president and CEO of Ercole Marelli, said, "The market for
Plasma Converters in Italy is enormous. Most of our customers are the major
companies with manufacturing operations in Italy and throughout world. We
have many contracts in advanced stages of development that include both mobile
systems and stationary systems. Our applications are diverse, but among some
of the more unusual applications in development are those for Low Level
Radioactive Waste and Mad Cow Disease pathological material."
Joseph F. Longo, president and CEO of Startech Environmental, said, "The
appointment of Ercole Marelli, in Milan, satisfies a tactical marketing need
to more readily service customers in Italy and other European Union countries,
as well as neighboring countries. Ercole Marelli may also assist Startech in
manufacturing certain parts of the Plasma Converter System as an out-sourcing
subcontractor, especially for sales within Italy and the European Union.
Their location is good and their engineering and manufacturing capabilities
are excellent."
About Ercole Marelli
Ercole Marelli HiTech is a partner of Ercole Marelli Power SpA, an eminent
engineering and manufacturing company located in Milan, Italy. It is a major
manufacturer of some the world's largest turbines and generators. Its well
equipped, modern facilities encompass more than 180,000 square feet of
engineering and manufacturing space. For more information, contact Giuseppe
Fazio at either info@ercolemarelli.com or 39-02-2430-3945 extension 128.
About Startech Environmental Corp.
Startech is a Waste Industry company engaged in the production and sale of
its innovative, proprietary plasma processing equipment known as the Plasma
Converter System. 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 them into useful commodity products that can include metals,
surplus energy and also hydrogen for use and for sale. 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.
Contact:
David Resnic or Brian DeMichele
Schwartz Communications
781-684-0770
startech@schwartz-pr.com
SOURCE Startech Environmental
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Related links:
http://www.startech.net
Contact: David Resnic, or Brian DeMichele, +1-781-684-0770,
startech@schwartz-pr.com, both for Startech Environmental
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