SOURCE: Waste2Energy Holdings, Inc.

Waste2Energy Holdings, Inc.

January 11, 2010 07:57 ET

Waste2Energy Announces New Contract

Receives Contract From TBF + Partners AG

GREENVILLE, SC--(Marketwire - January 11, 2010) - Waste2Energy Holdings, Inc. (W2e) (OTCBB: WTEZE), a worldwide waste-to-energy company, announced that it has received a contract from TBF + Partners AG for a Preliminary Engineering Design Study (PEDS) for a 150 MTPD waste-to-energy plant in Italy.

In terms of the contract, W2e's UK subsidiary, Waste2Energy Engineering Ltd., will perform the preliminary design work necessary to finalize the design and specifications of major equipment, provide layouts of the plant, final specifications and definitive pricing.

W2e's cBOS™ technology is employed in a 24 MTPD plant in Husavik, Iceland that has been operating for nearly 4 years and in a soon to be commissioned 120 MTPD facility in Dumfries, Scotland. The air emissions from the Husavik plant have easily passed the stringent EU regulations and the Dumfries plant has received a permit to operate from SEPA (Scottish Environmental Protection Agency).

About TBF + Partners AG:

TBF is a Swiss based consulting engineering company specializing in the planning and implementation of large and complex projects for the waste management & transport markets.

For more information on TBF + Partners AG, please visit: www.tbf.ch.

About Waste2Energy Holdings, Inc.:

Waste2Energy Holdings, Inc. designs, builds and installs waste-to-energy plants that are scalable, modular, environment friendly and robust enough to operate in remote environments. We compete in the growing worldwide market for waste-to-energy systems that simultaneously destroy waste and recover energy. We provide customized engineering solutions that will enable our current and future customers to convert biomass and other solid waste streams traditionally destined for landfill into clean renewable energy.

Safe Harbor Statement

Under the Private Securities Litigation Act of 1995 -- This press release discusses forward-looking statements with risks and uncertainties. Our results could differ materially due to various factors, including inability to finance operations or expansion and hire or retain personnel, economy and interest rate changes, and events such as terrorism. We believe statements to be reasonable, but neither we nor any other person can represent they will be achieved. We are not obligated to update statements due to new information, events or otherwise. Please see the risk factors associated with our Company and review our SEC filings.

For more information on Waste2Energy, please visit www.waste2energy.com.

Contact Information

  • Contact Information:
    Waste2Energy Holdings, Inc.
    1 Chick Springs Road
    Greenville, SC 29609

    Peter Bohan
    President & CEO
    646-723-4000