WILTON, Conn., March 29 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK) announced today Startech's Distributor,
GlobalTech Environmental Incorporated (GlobalTech), in its March 24, 2006 news
release, announced that GlobalTech signed a $15 million joint venture contract
with the Liaoning Academy of Environmental Sciences for the establishment of
the Liaoning GlobalTech Hazardous Waste Processing Facility Co. Ltd. using the
Startech Plasma Converter System. The 20,000 pound-per-day Startech System
that will be the first in China will process industrial hazardous waste
including PCBs.
In October of 2005, Startech announced that GlobalTech, with offices in
Shanghai, Beijing and Changzhou was appointed its exclusive distributor for
the Peoples Republic of China
Startech -- a Waste Industry and Energy Company
Startech Environmental is a Waste Industry and Energy company producing
and selling 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 and a synthesis-gas called Plasma Converted Gas (PCG)(TM).
Among the many commercial uses for PCG, it can be used to produce "green
power," fuel-grade ethanol and also hydrogen for sale.
The Startech Plasma Converter is essentially a manufacturing system
producing commodity products from feedstocks that were previously regarded as
wastes. Startech regards all wastes, hazardous and non-hazardous, as valuable
renewable resources. Further information is available at http://www.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
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Related links:
http://www.startech.net
CONTACT:
Joseph F. Longo, President of Startech
Environmental Corp., +1-203-762-2499; or Philip Bourdillon or
Gene Heller, both of Silverman Heller Associates,
+1-310-208-2550, for Startech Environmental Corporation
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