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Technology Stocks : Startech Environmental (STHK)

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To: Henry who wrote (28)4/20/1998 3:12:00 PM
From: JohnO   of 61
 
Have you seen this release? It appears the Army believes STHK and their system. What information do you have to prove this to be false information?

Chemical Weapons Demil Team Receives Approval From Army for Phase One Funding

WILTON, Conn., Dec. 22 /PRNewswire/ -- Startech Environmental Corp.
(OTC Bulletin Board: STHK), a fully reporting company, announced today that
the Startech Demil team received notice of the release of Phase One funding
for the U.S. Army Demil technology procurement. Phase One requires the team
to provide engineering, programmatic and technical data on its Demil
production processes, production rates and methodologies to replace
incineration.
The Demil (Demilitarization) Program, now in place, must safely and
irreversibly destroy the U.S. Stockpile of Chemical Warfare Weapons of mass
destruction located at eight sites in the United States and one on Johnston
Island, about 1000 miles southwest of Hawaii. Among the many lethal weapons
in the Army's Stockpile is the deadly nerve agent VX Saddam Hussain has
recently brought to the world's attention as his weapon of choice. The
Stockpile munitions also include large amounts of energetics (explosives and
propellants) that must be safely and irreversibly destroyed.
The principal chemical warfare agents are VX, GB, Mustard and small
quantities of Lewisite. The munitions are various rockets, land mines,
mortars, projectiles, bombs, spray tanks and ton containers. The Stockpile
also includes other hazardous wastes.
In addition to Startech, the Demil team in this contract is comprised of
two preeminent international companies with specific experience suited to this
special program: Burns and Roe, and Foster Miller (both private companies).
Burns and Roe, of Oradell, N.J., is the only company in the country to
have actually designed, built, operated and decommissioned an Army chemical
weapons plant. The plant, in Arkansas, produced a chemical warfare weapon
called BZ, an extremely nasty hallucinogen. Also, B&R is now designing the
Tritium Production Plant for the U.S. government.
B&R has decades of experience designing and building power plants and
waste processing plants throughout the world. B&R will also be designing and
building the Startech Plasma Waste Converter Resource Recovery Centers
(PWCRRCs(TM)) for the Lok Hang Group rollout program, as well as other
Startech centers. PWCRRCs are plants, with multiple Plasma Waste Converters
(PWCs(TM)), designed to safely process many hundreds of tons of wastes per
day.
Foster Miller, of Waltham, Mass., is an engineering company with diverse
and innovative design experience and with extensive experience in material
handling and robotic systems for production processes such as those in the
Program.
A recent estimate by the Army has put the cost of the Stockpile Program at
about 16 billion dollars.
Unlike many other OTC Bulletin Board companies, Startech Environmental is
a fully reporting company, and as such is required to report and disclose its
company and financial information in the same detail and format as any Fortune
500 Company reports to the Securities and Exchange Commission.

SOURCE Startech Environmental Corp.


CONTACT: Joseph F. Longo of Startech Environmental, 203-762-2499,
fax, 203-761-0839, or startech@netaxis.com



Web Site: startech.net
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