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Smith Environmental Technology Corp

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BUSINESS
November 22, 1996
Smith Technology Corp. said it has reached a tentative settlement with a group that had received an arbitration award of $4.5 million stemming from a dispute over the operation of a recycling and processing plant near Portland, Ore. Under terms of the settlement, Smith Technologies agreed to make a series of payments of at least $2.25 million to PRP Group for up to six years. The dispute involves a contract between PRP Group and Canonie Environmental Services Corp.
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BUSINESS
November 22, 1996
Smith Technology Corp. said it has reached a tentative settlement with a group that had received an arbitration award of $4.5 million stemming from a dispute over the operation of a recycling and processing plant near Portland, Ore. Under terms of the settlement, Smith Technologies agreed to make a series of payments of at least $2.25 million to PRP Group for up to six years. The dispute involves a contract between PRP Group and Canonie Environmental Services Corp.
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