Manufacturing to Start in August for Shipment in 2006
WILTON, Conn., June 29 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Bored: STHK), a fully reporting company, announced
today that it has signed two contracts for multiple Plasma Converter
Systems(TM) with Ercole Marelli HiTech srl of Milan, Italy, for more than $40
million with payments from Ercole Marelli to begin by July 29, 2005.
Ercole Marelli HiTech is the Company's exclusive distributor for Italy.
Giuseppe Fazio, president and CEO of Ercole Marelli, said, "The market for
these Systems is enormous. This sale is just the beginning of our sales of
Startech Plasma Converters. We are receiving an outstanding reception, across
the board, from our potential customers with many contracts in various stages
of development for installations ranging from 10 tons- per-day to as much as
300 tons-per-day in diverse industrial and municipal applications.
In addition, we are developing contracts that focus on the use of the
hydrogen derived from Startech's PCG (Plasma Converted Gas)(TM), and also on
contracts that use the rich PCG to produce electricity for Green Power
generation. The production of power from PCG synthesis gas is of great
interest to regional and national governments of cities, towns and regional
districts, as well as from private industry throughout Italy.
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, generators and electric
power equipment. Its well-equipped, modern factories encompass more than
180,000 square feet of engineering and manufacturing facilities.
For more information, please visit http://www.ercolemarelli.com or contact
Giuseppe Fazio at either gfazio@ercolemarelli.com or + 39-02-2430-3945
extension 128, or +39-335-811-7238
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.
Startech regards all wastes as valuable renewable resources. Plasma
Converters process, as feed stocks, materials previously regarded as wastes.
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.
SOURCE Startech Environmental Corporation
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Related links:
http://www.startech.net
http://www.ercolemarelli.com
CONTACT:
David Resnic or Brian DeMichele,
+1-781-684-0770, startech@schwartz-pr.com, both of Schwartz
Communications
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