HOUSTON, TX, June 6, 2012 -- Waste Management Inc. (NYSE: WM) has announced a program to provide a total stormwater management offering to U.S. municipalities in the form of public-private strategic alliances. WM, in collaboration with AbTech Holdings Inc. (OTCBB: ABHD), an environmental technologies and engineering firm specializing in addressing water contamination issues, will team up with municipalities to design, build, operate and service stormwater infrastructure.
One year after announcing its pilot stormwater solutions program with AbTech, WM is transitioning to commercialization with its stormwater solutions. Along with these solutions, the program has the potential to include finance alternatives for the municipal infrastructure as needed.
"Our approach is to team with municipalities and provide comprehensive, turnkey stormwater solutions working with AbTech Industries," said Paul Pistono, vice president of public sector solutions at Waste Management. "We determined during our stormwater offering pilot phase that the best way for the private sector to truly help municipalities meet their clean water needs was through this complete stormwater management approach."
"Innovative, cost-effective strategies for reducing stormwater runoff will help meet one of the most pressing needs for protecting waters across the Unites States," said EPA Administrator Lisa P. Jackson. "It presents the opportunity to create jobs while helping communities safeguard their rivers, lakes and reservoirs. These kinds of public-private partnerships are instrumental in protecting our health and our environment while growing our economy."
Under WM's stormwater program offering, AbTech Industries Inc. will provide and deploy stormwater treatment technologies, deploying both their own technologies and other commercially available engineered systems, teaming with WM and municipalities. The program offering will also include stormwater needs assessments, design of stormwater control measures and ongoing servicing and maintenance of the stormwater infrastructure.
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