Startech Receives $250,000 Down Payment from Plastech Solutions for
First-of-its-kind Plasma Converter System in Sydney, Australia
WILTON, Conn., Nov. 1 /PRNewswire-FirstCall/ -- Startech Environmental
Corporation (OTC Bulletin Board: STHK), announced today that it has received
an initial $250,000 down payment from Plastech Solutions, Ltd. of New South
Wales, Australia, for the purchase of its first Plasma Converter System.
Plastech, Startech's exclusive distributor for Australia and New Zealand, will
use the 10 ton-per-day System to safely and irreversibly destroy hazardous and
troublesome wastes and convert their elemental components into valuable
commodities.
The facility housing the first-of-its-kind System in Australia will also
serve as Plastech's Demonstration and Technical Center to support its Startech
marketing and sales activities throughout the entire region. This $250,000
equipment down payment is in addition to the $250,000 previously paid to
Startech for the Plastech distributorship.
George Hatzimihalis, CEO of Plastech Solutions, said, "The installation of
our first Plasma Converter will be completed by November, 2005. Plastech is
proud to be playing an important role, as stewards of the environment, in
protecting Australia's and New Zealand's atmosphere, and proud to be helping
to improve the environmental performance of the region's industry. Our
partnership with Startech will make a measurable contribution to the region's
health, cleanliness, and especially to its positive sustainable development."
Startech's VP of Sales Steven Landa, said, "It is important to note that
the Plasma Converter System is a recognized recycling technology. When
processing wastes in the System, materials become commercial feedstocks, even
though they may once have been regarded as wastes. The 10 ton-per-day Plasma
Converter System in Sydney will play a significant role in protecting the
environment in Australia and New Zealand and improving the region's health and
safety."
About Plastech Solutions
Plastech Solutions is Startech's exclusive distributor for Australia and
New Zealand. Plastech and its officers have a record of sales and marketing
success in environmental equipment, products and services sold to the
chemicals industry and to the waste industry throughout the region.
About Startech Environmental
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. For further
information, please visit http://www.startech.net or contact Joseph F. Longo
at (888) 807-9443, (203) 210-0141 or jfl@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:
David Resnic or Jennifer Roedel of Schwartz
Communications, +1-781-684-0770, startech@schwartz-pr.co
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