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EWIRE

Plasma Environmental Technologies Inc.

Toronto, Ontario, Nov. 30 - /EWire/ -- Plasma Environmental Technologies Inc. (TSX VENTURE:PE) (PET) is pleased to announce that it has signed a Letter of Intent (LOI) with Turtle Island Recycling Corporation (TI). The purpose of the LOI is to establish a joint venture to develop and install a Plasma Assisted Gasifier ("PAG") that converts municipal solid waste into electricity, a technology co-owned by Kinectrics Inc.

The PAG is a unique cogeneration system that safely and effectively destroys organic wastes while producing electricity. The PAG incorporates a Graphite plasma reactor that gasifies the solids without combustion. As a consequence it is much cleaner than incineration. The PAG converts organic waste into a synthetic gas that is used to produce electricity. The electricity produced can either be sold, or used internally to supplement the PAG's own operating requirements.

The project with TI will take place in two phases. Phase 1 is the development, installation and testing of a pilot scale PAG system, capable of handling 10 tonnes/day with a 1000 KW generator. Phase 2 is the development, installation and testing of a commercial scale PAG system, capable of handling up to 60 tonnes/day.

The PAG has significant applications and commercial potential. It represents a cost-effective, environmentally-safe diversion from landfills. It is also of interest to all levels of governments and industry seeking safe, and affordable, solutions for waste disposal. The LOI is a result of TI's interest in the PAG technology and its potential applications in the municipal waste disposal market.

According to the terms of the LOI, PET will provide the PAG and related technology. TI will assist PET in setting up a suitable operating site, obtaining the necessary permits and approvals. TI will also provide the waste feedstock consisting primarily of sorted Municipal Solid Waste.

TI will pay PET for disposal of the waste at a rate per tonne comparable to market prices for waste disposal and they will assist PET in the final design of material handling and movement of the waste to optimize the performance of the PAG. TI and PET will work together to establish customers for the excess energy that will be produced with the commercial PAG System.

"The Letter of Intent with Turtle Island is another significant development for Plasma Environmental Technologies", said John Wright, President and CEO of PET. "It confirms we are in the right marketplace with the right technology. We are thrilled with the opportunity to work with Turtle Island."

Turtle Island Recycling is headquartered in Toronto, and is Ontario's largest multi material recycling company with over 1800 industrial and commercial customers and over 150,000 residential customers. TI processes waste streams of paper, glass, metal and plastic.

Mr. Leonidas Anagnostakos, co-founder of Turtle Island Recycling is very enthusiastic. "This is a remarkable technology. We are pleased to be able to partner with Plasma in these commercialization pilots. We can see the tremendous potential of a system that can destroy waste in a safe and effective manner, while also generating electricity. When you consider how many organizations in industry and government are seeking solutions for energy and waste management you begin to see how massive the market for the PAG will be."

Kinectrics, formerly a division of Ontario Hydro, is now an independent company formed to help the North American 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

Plasma Environmental Technologies Inc. is a Canadian public company that trades on the Canadian Venture Exchange (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 process that destroys liquid, gaseous, and solid wastes by breaking apart their molecular bonds and reforming them into non-hazardous by-products or commodities for commercial use.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ any from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the TSX Venture Exchange and other regulatory authorities.



Shares Outstanding: 26,751,986



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information:

Alex Falconer (416) 862-8243

www.plasmaenvironmental.com

falconer@plasmaenvironmental.com

Comments

Jil

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April 23, 2012, 7:57 PM
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April 25, 2012, 6:48 AM
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Nevea

I love this TV. It has great black levels without losing details. Seriously the blacks get as dark as the bezel in a darkened room. Great color accuracy. Handles motion like a champ even converting 2D to 3D. Menus are very responsive and even the widgets are snappy. Samsung Apps/Netflix works great too. I am really having fun with the 2D to 3D conversion watching sports and playing video games. I watched Avatar the other night, and even though it wasn’t released on 3D Blu ray, the built in converter made it look great. I was nervous about Burn In/ Image Retention, but so far watching 2.39:1 movies hasn’t caused any issues that don’t take care of themselves switching video sources. I need to say that there is a buzz sound, but its pretty quiet. Can’t hear it at all with any audible tv volume. My only major beef with this set is the Audio Return Channel and Optical Out only send 2 channel (stereo) audio unless its source is broadcast. So, my PS3 and cable box will only play dolby directly through my receiver – which in my opinion makes ARC pointless. I hope they change that in an upcoming firmware patch. This TV replaced a UN55B8000 because I was unhappy with its blacks losing details,motion blur, flashlight effect, and sluggish menus and widgets. I experience none of these problems with this new set. I couldn’t be happier.

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April 26, 2012, 1:38 AM
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Honey

This is a preliminary review of my 42PX77U. I ordered this TV on Amamzon thru Vanns.com, and was very pleased with the entire transaction. It arrived on 7/30 so I’ve only had a few days to form this opinion, but I doubt it will go down. 
I did a lot of research on HDTVs and the majority of what I read pointed me towards plasmas and Panasonic (quality/price ratio). Cnet.com was a great tool along with other customer reviews from different sites, including amazon. The picture, to me, seems much more realistic than LCD. Once you adjust the picture settings off Vivid and create a more realistic view, you begin to be amazed at the clarity and realism. 
Some of the nice benefits to this model are the anti-reflective coating on the screen. I cannot control 100% of the light in my living room during the day and knew this feature would come in handy, and it has. It’s $100 more from the base model, but it’s worth it. The image is just as clear as the non-treated screen (42PX75U). The side speakers are great and produce clear audio. I also believe they help produce a wider range of sound coming from the TV. I do not have surround sound set up yet, but am quite pleased with the TV’s audio. Having picture setting memory for each video input is great. I can have my HD cable, DVD and Wii set to three different settings that help compliment each experience. 
Many folks comment on the poor standard definition viewing on their HDTVs, and I’ve witnessed it myself on some DLPs. But this TV can produce a nice, clear picture on non-HD channels. (A BIG plus given there are far more non-HD channels) 
My TV is setup using the provided stand, which was fairly easy to assemble. Total assembly time, 5 minutes.
Lastly, I’ve been concerned with possible “burn-in” so I’ve scaled down the picture settings and only watch TV in “Just” mode to fill the entire screen. Panasonic recommends doing this for at least the first 100 hours during the TV’s break-in period. Honestly, even with the picture setting scaled down, the HD picture still looks great. I guess everything is relative.
Bottom line, you cannot go wrong with this TV. You’ll have a hard time finding a better TV at this price ($1350). If you buy online, do your research and make sure your vendor is reputable and a valid reseller of the brand you’re planning to purchase. Local retailers will come close to the online price, but have a hard time keeping the TV in stock. That’s why I purchased mine online…quicker turnaround. Good luck!

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May 12, 2012, 11:21 PM
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