Globe and Mail Publishes Article about Plasma's PAG Technology.TORONTO -- Reporter Jack Kapica very positive about Plasma waste to energy process Plasma Environmental Technologies Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:PE) announces that Plasma Assisted Gasifer ("PAG Pag (päg), Ital. Pago, island (101 sq mi/262 sq km), in the Adriatic, off the Dalmatian coast, Croatia. Noted for its fine embroidery and lace, it also has vineyards, a fishing industry, and bauxite deposits. ") system, a unique technology developed with Kinectrics Inc, co-owner of the technology was profiled in an article in the Globe and Mail on September 19, 2005. As indicated in the article, the process converts waste into energy in the form of heat and electricity. "We have an exciting new technology and we are ready to let the world know about its benefits," said John Wright, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The technology is ready to go into pilot operation with Plasma Environmental Technology's joint venture partners and the company's visibility in the industrial, financial and governmental communities is growing. The ability to divert organic waste from landfill and turn that waste into energy is good for the environment and good for the bottom line. This is a technology whose time has come and the world is starting to pay attention." The article erroreanously states that Plasma's first commercial contracts have been signed to start operation later this year. Management is pursuing potential contracts for the PAG system but none have been signed as of the date of this release. A complete transcript of the Globe and Mail article can be found on Plasma Environmental Technology's web site. Plasma Environmental Technologies Inc. is a Canadian public company that trades on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) (symbol: PE). PET develops and markets plasma-based systems for the safe and cost effective destruction of hazardous and non-hazardous wastes. Plasma technology is a thermal, non incineration incineration the act of burning to ashes. process that converts targeted solid wastes into energy (heat and electricity) Kinectrics Inc., formerly a division of Ontario Hydro Ontario Hydro was the official name from 1974 of the Hydro-Electric Power Commission of Ontario which was established in 1906 by the provincial Power Commission Act to build transmission lines to supply municipal utilities with electricity generated by private companies , is now an independent company formed to help the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. energy sector improve business performance through science and engineering. Based in Toronto, Kinectrics applies its expertise to generation, transmission, distribution, and industrial energy services. Kinectrics is also internationally renowned in the field of environmental engineering, including applications of plasma arc technology. www.kinectrics.com Shares Outstanding: 31,526,536 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. Certain statements contained in this news release and in certain documents Plasma Environmental Technologies Inc. (TSX VENTURE:PE) |
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