Startech's Plasma Converter Systems Used to Convert Waste into Green Power
WILTON, Conn., May 24 /PRNewswire-FirstCall/-- Startech Environmental
Corporation (OTC Bulletin Board: STHK), a fully reporting company, today
announced two $140 million contracts for Municipal Solid Waste processing
facilities in Poland. The contracts call for Plasma Converter Systems that
will be used to produce green power from a variety of waste materials.
Production will commence upon the completion of the financing, now in
progress, and the receipt of down payments for each of the two contracts.
The first contract was made with the team of the Eco Group of America,
Inc., of Princeton, N.J., and Conseil Development Alpha Ltd. of Warsaw,
Poland. This contract calls for a 300 ton-per-day Plasma Converter System to
process Municipal Solid Waste, hazardous waste, tires and medical waste on a
designated site in Skierbreszow, Poland.
The second contract was made with the team of the Eco Group of America,
Inc. and Petro Nova Ltd. of Karlino, Poland. This contract calls for a 300
ton-per-day Plasma Converter System to process Municipal Solid Waste,
hazardous waste, tires and medical waste on a designated site in Karlino,
Poland.
"The signing of these contracts is a significant breakthrough in the care
of the Nation's environment," said Slawomir Jarmoc, president and CEO of the
Eco Group of America, Inc. "Locating these facilities in Poland, a country
which has recently joined the European Union, will help provide a new
direction for the rest of the nations of Europe and the world. This is the
beginning of a great advancement in protecting the environment and protecting
public health and safety."
About Startech Environmental Corporation
Startech Environmental (http://www.startech.net) is an environmental technology
company engaged in the production and sale of its innovative, proprietary
plasma processing equipment known as the Plasma Converter System. 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," 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, contact Joseph F. Longo at
888-807-9443 or jlongo@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 Lorra Gosselin
Schwartz Communications
781-684-0770
startech@schwartz-pr.com
SOURCE Startech Environmental Corporation
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Related links:
http://www.startech.net
CONTACT:
David Resnic or Lorra Gosselin, Schwartz
Communications, +1-781-684-0770, startech@schwartz-pr.com
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