WILTON, Conn., March 13 /PRNewswire-FirstCall/ --
Startech Environmental Corp. (Nasdaq: STHK), a leading manufacturer of
plasma-based systems for the conversion of waste into useful commodity
products, announced today that Polus Montana, a private company engaged by the
Municipality of Bytom, has signed a sales contract to purchase a
10-ton-per-day Plasma Converter System.
The system is expected to be shipped to Poland near year end. Polus
Montana will be using Startech's Plasma Converter System to process hazardous
waste products including pesticides, PCB's and other various materials. The
sales contract follows the previously disclosed Letter of Selection announced
in a previous press release. With this sales contract, Startech's focus in
reaching the $10 million in additional sales/backlog for calendar year 2003 is
well in sight.
"Polus Montana is proud to use the Startech Plasma Converter System for
the destruction of hazardous materials in Poland. Our facility to house the
plasma process will be constructed shortly. The required permits and
approvals have been completed and I look forward to continuing cooperation of
our companies," stated Miroslaw Stopa, President of Polus Montana.
Joseph Klimek, President and CEO of Startech Environmental Corp. said, "We
are pleased to have Polus Montana's endorsement of our technology. With our
technology, Polus will be positioned to help eliminate hazardous wastes and
work for a better environment in Poland. This sales contract shows our
continued progress in selling Startech's Plasma Converter Systems and
reconfirms the announcement made at the Annual Meeting of Shareholders."
About Startech Environmental Corp:
Startech is an environmental equipment company whose Plasma Converter is
essentially an electrochemical system that, while safely destroying wastes,
even hazardous wastes, converts those materials into useful and valuable
commodity products. It does this economically, efficiently, with relatively
few moving parts, and without combustion. The prime mover in the Plasma
Converter process is the chemical dissociation (decomposition) of the feed
materials after which their elemental components (atoms) are reformed into
useful commodities. The United States Environmental Protection Agency has
designated materials, even if they may have once been regarded as wastes, or
hazardous wastes, undergoing, such a recycling process, no longer as wastes,
but as "feedstocks." StarCell(TM) is the Company's new, patented hydrogen
selective membrane system that separates hydrogen from the PCG(TM) produced
from wastes. PCG is a clean synthesis fuel-gas mixture with many commercial
uses. StarCell is not a fuel cell; it is a ceramic membrane filtration system
that extracts hydrogen from PCG. PCG contains a large quantity of hydrogen.
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) and StarCell(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.
SOURCE Startech Environmental Corp.
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Related links: http://www.startech.net
Company News On-Call: http://www.prnewswire.com/comp/113537.html
CONTACT: Robert DeRochie, CFO & VP of Investor Relations of Startech Environmental Corp, +1-203-762-2499
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