WILTON, Conn., Sept. 29 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation announced today that it has received the additional $250,000
payment from Mihama completing the total downpayment requirement of $500,000.
In addition to the total $500,000 downpayment, Startech also received $250,000
from Mihama for their purchase of the Japan Distributorship in April, 2003.
Specification discussions are underway for the first Plasma Converter System
(PCS) for Mihama.
Mihama, Inc., headquartered in Nagano-Ken, Japan, is a well established
manufacturer and seller of automotive parts and accessories that is now
expanding into recycling of wastes, environmental technologies, development
and sales of industrial machines and management of industrial plants. Mihama
has annual sales exceeding $15,000,000 USD. Mihama customers include various
international companies including Toyota Motor Corporation and General Motors
in the automobile sector, NTN Corporation in the CVJ (Constant Velocity Joint)
sector and trading companies including Toyota Tsusho, among others.
About Startech Environmental Corp:
Startech is an environmental technology company engaged in the
commercialization of its innovative, proprietary plasma processing technology
known as the Plasma Converter System (TM) that can achieve closed-loop
elemental recycling to safely and irreversibly destroy hazardous and
non-hazardous waste and industrial by-products while converting them into
useful commodity products, that can include surplus energy and hydrogen, for
use and for sale.
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, 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, contact Joseph F. Longo, or see the Startech web
page: http://www.startech.net
SOURCE Startech Environmental Corporation
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Related links:
http://www.startech.net
Company News On-Call:
http://www.prnewswire.com/comp/113537.html
CONTACT:
Joseph F. Longo of Startech Environmental
Corporation, +1-203-762-2499
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