WILTON, Conn., Dec. 5 -- PRNewswire/AsiaNet Ansaldo Energia a Subsidiary of the Finmeccanica Group Brings Major Financial and Production Resources to Startech Projects in Europe Startech Environmental Corporation (OTC Bulletin Board: STHK), a fully reporting company, announced today that Startech and Ansaldo Energia S.p.A. (AEN), having its principal place of business at Genova, Via Nicola Lorenzi 8, Italy, have formed a Strategic Alliance Agreement to mutually obtain commercial contracts that utilize Startech's and AEN's, resources, equipment, expertise, know-how and experience to produce sales that include their mutual capabilities. AEN and Startech have agreed that it is in their mutual interest to work together to produce the joint development of initiatives, both technical and commercial, for the sales of Startech's Plasma Converter Systems and/or turnkey plants incorporating Startech's proprietary technology for waste destruction and remediation, the production of energy by use of the fuel produced by Startech's technology, the development of joint R&D programs to enhance the potential of Startech's technology and the employment of AEN's financial resources. About Ansaldo Energia AEN is an eminent global energy and power generation company providing an entire power generation spectrum including, financing, manufacturing, plant engineering, full-turnkey project planning and development, engineering construction, plant operations, field service and maintenance. With more than a hundred years of power generation experience and an installed capacity exceeding 160,000 MW in over 90 countries, its major strengths are its global reach, a full service organization and a flexible approach to project developments. AEN is a subsidiary the Finmeccanica Group. Finmeccanica is Italy's largest engineering and aerospace/defense group. The fast growing Finmeccanica has annual revenues that exceed $10 billion and employs more than 50,000 people. For further information, contact [email protected] About Startech - a Waste Industry and Energy company Startech Environmental is a Waste Industry and Energy company engaged in the production and sale of its innovative, proprietary plasma processing equipment known as the Plasma Converter System(TM). 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 many of them into useful commodity products that can include metals, a syn-gas energy product called Plasma Converted Gas (PCG)(TM) and also hydrogen for use and for sale. Startech regards all wastes as valuable renewable resources. Plasma Converters process, as feedstocks, materials previously regarded as wastes. For further information, please visit www.startech.net or contact Steve Landa at (888) 807-9443, (203) 762-2499 x148 or [email protected] 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 CONTACT: Steve Landa, +1-888-807-9443, or +1-203-762-2499, ext. 148, or [email protected] Company News On-Call: http://www.prnewswire.com/comp/113537.html Web site: http://www.startech.net --Distributed by AsiaNet (www.asianetnews.net)--