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This press release was originally distributed via the eWire press wire service (2002–2016). It is preserved here as a historical record.
Startech Environmental and Eiko Systems Sign Contract for Plasma Converter Installation in Japan
ARCHIVED 2002–2016: Originally distributed via the eWire press wire service. Preserved as historical record.
Startech Environmental and Eiko Systems Sign Contract for Plasma Converter Installation in Japan
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TO BUSINESS, ENVIRONMENTAL AND TECHNOLOGY EDITORS:
Startech Environmental and Eiko Systems Sign Contract for Plasma Converter Installation in Japan
CONNECTICUT, WILTON, Feb. 15 -/E-Wire/-- Startech Environmental Corp. (Nasdaq: STHK), the world leader in plasma waste destruction and recycling technology, announced today that it has received a contract with the first progress payment from the Eiko Systems Company for a 10,000-pound per day Plasma Converter to process hazardous waste in Japan. Eiko, headquartered in Japan, is an industrial company whose principal businesses are environmental, clean power and co-generation projects.
Mr. Kiyomi Yoshimura, President of Eiko, said, "We have projects all over Japan, and we have looked long and hard at everything available to safely process difficult hazardous wastes and decided that Startech is the only one we want to work with. Not only will we clean up wastes, we will produce power as well, and this is just the first of many bigger systems to follow."
"Being able to demonstrate the Converter to Eiko here in the Showroom shortened the sales cycle from months to weeks," Joseph Klimek, Startech Executive VP said.
About Startech Environmental Corp: Startech is an environmental equipment company whose Plasma Converter is essentially an electrochemical system that, while safely destroying wastes, even hazardous wastes, converts those materials into useful and valuable commodity products. It does this economically, efficiently, with relatively few moving parts, and without combustion. Electricity is the prime mover in the Plasma Converter process, and the principal result is the chemical dissociation (decomposition) of the feed materials after which their elemental components (atoms) are reformed into useful commodities. The United States Environmental Protection Agency has designated materials, even if they may have once been regarded as wastes, or hazardous wastes, undergoing such a recycling process, no longer as wastes, but as "feedstocks."
Startech web page: http://www.startech.net
Safe Harbor for Forward-Looking Statements: Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions that currently exist in the United States and Japan in general, and the waste industry in particular.
Startech Environmental Corp.
Robert L. DeRochie, VP of Investor Relations of Startech Environmental Corp., [REDACTED-PHONE], or fax, [REDACTED-PHONE], or email, [REDACTED-EMAIL]/
/Company News On-Call: http://www.prnewswire.com/comp/113537.html or fax, [REDACTED-PHONE], ext. 113537
http://www.startech.net
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