WILTON, Conn., May 2 /PRNewswire-FirstCall/ -- Startech Environmental Corporation (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.
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Website: http://www.startech.net/