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Strategies & Market Trends : CXI-Commodore Environmental -- Ignore unavailable to you. Want to Upgrade?

To: Russel W. Kennel who wrote (823)	5/12/1998 8:06:00 AM
From: KewlHand	Read Replies (1) \| Respond to of 1755

Take a look at this Startech news release, at first site it looks like a re-release of the one they jumped the gun on, but then I noticed it actually says 'contract to manufacture'. This confuses me slightly. My understanding of the sequence of events is that the last announcement was companies who had recieved funding to prepare a demonstration PLAN, and that the announcement at the end June would be those companies that will be funded to actually go ahead with the demonstration based on the plan. Am I missing something or is Startech just putting out misleading hype (I gather they have a reputation for it). regards kh ÿ Startech Demil Team Receives Contract to Manufacture PWC System for Army Chem Weapons Destruction Demo May 11, 1998 9:50 AM EDT WILTON, Conn., May 11 /PRNewswire/ -- Startech Environmental Corp. (OTC Bulletin Board: STHK), a fully reporting company, announced today that the Plasma Waste Converter (PWC)_ Demil Team, also comprised of Burns and Roe Enterprises, Inc. and the Foster Miller Corp., has received the contract, from the U.S. Army Chemical and Biological Defense Command, to manufacture Startech's PWC system to demonstrate the irreversible destruction of chemical weapons at Aberdeen Proving Ground in Maryland. The Demil (Demilitarization) Program must safely and irreversibly destroy the U.S. Stockpile of chemical warfare weapons of mass destruction located at eight depots in the United States and one on Johnston Island, about 1,000 miles southwest of Hawaii. Among the many lethal weapons in the Army's Stockpile is the deadly nerve agent VX that Saddam Hussein has recently brought to the world's attention. Stockpile munitions also include large amounts of energetics (explosives and propellants) that must also be safely and irreversibly destroyed. The principal chemical warfare agents are VX, GB and Mustard. The munitions include rockets, land mines, mortars, projectiles, bombs, spray tanks and ton containers. The Stockpile also includes many other hazardous wastes generally referred to in the Program as "dunnage." Burns and Roe Enterprises Inc., a private engineering company, of Oradell, N.J., is the only company in the country to have actually designed, built, operated and decommissioned an Army Chemical Warfare Destruction Plant. That Plant, in Arkansas, processed the chemical warfare weapons containing the agent called BZ, an extremely nasty hallucinogen. Burns and Roe has the contract to design the multi-billion dollar Tritium Production Plant for the U.S. Government. It is also the A&E for Startech Plasma Waste Converter Resource Recovery Centers (PWCRRCs)(TM) for non-government facilities. Foster Miller Inc, of Waltham, Mass., is a private engineering company with diverse and innovative design experience, and with extensive experience producing robotic and material handling systems for highly automated processes to be employed in the Demil Program's destruction facilities. A recent estimate by the Army put the projected cost of the U.S. Chemical Warfare Weapons Stockpile Destruction Program at about 16 billion dollars. All of the weapons at all of the depots must be safely destroyed by the 2007 CWC Treaty deadline. Each plant must then be decommissioned. SOURCE Startech Environmental Corp. c PR Newswire. All rights reserved.