Agreement also provides for Strabag to act as the Prime Contractor
WILTON, Conn., May 2 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company, announced
today that it has signed a Cooperative Agreement with Strabag Sp. Zo.o. of
Warsaw, Poland for Strabag to perform facility design, construction,
commissioning and start-up for diverse Startech Plasma Converter projects in
Poland. Strabag will be the prime contractor for the projects. The end-user
customer for each project will be a Special Purpose Company incorporated in
accordance with the laws of Poland for each project. The Special Purpose
Company will provide the financing for each Project.
About Strabag
Strabag is a subsidiary of Austrian Bauholding Strabag SE (Societas
Eurpaea) and is part of the Bauholding Strabag Aktiengesellschaft Group of
Austria. The Holding has been an eminent force in the European construction
market for over 160 years, and it employs over 33,000 people. The Holding's
annual sales are over EUR 5.8 billion.
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 many useful commodity products that can include
metals, surplus energy and also hydrogen for use and for sale.
Materials previously regarded as wastes are, when processed by the Plasma
Converter, feed stocks. Startech regards all wastes as valuable renewable
resources.
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.
For further information for projects anywhere in the world, please contact
Startech's Scott Budich at (888) 807-9443, or sales@startech.net.
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:
Scott Budich of Startech Environmental Corp.,
+1-888-807-9443, sales@startech.net
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