Startech Environmental Corp., has signed a $34 million contract for the delivery and startup of two 50 ton-per-day Plasma Converter Systems with FP Immobiliare srl to process electronic waste and specialty waste in a new FP Immobiliare facility near Rome.
Upon the completion of the lease-financing arrangements, Startech will begin manufacturing. The Startech systems will be built in the Company's 30,000 square foot manufacturing facility in Bristol, Connecticut with the shipment of the first system scheduled for 11 months after commencement of manufacturing.