ABHD news .68 Waste Management Announces Rollout o

ABHD news .68 Waste Management Announces Rollout of Stormwater Public-Private Strategic Alliances

2012-06-06 09:08 ET - News Release

U.S. municipalities will benefit from comprehensive stormwater management offerings

HOUSTON, June 6, 2012 /PRNewswire/ -- Waste Management, Inc. (NYSE: WM) today 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.

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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."