TransAct Energy Corp. announced a Joint Development Agreement (JDA) with Mr. Bruce Hutchon, Utopial Limited and Halfuel Limited. The JDA has been activated now that funding efforts are material. The JDA brings the emissions free Energy from Waste (EfW) technology into a subsidiary of TransAct that will in turn develop a series of municipal scale plants using the emissions free technology. TransAct signed a letter of intent with Mr. Hutchon on October 27, 2011 contemplating the formation of a partnership to fund, develop and grow the unique, emissions free, EfW technology globally. In May 2012, TransAct and the owners of the EfW technology (Mr. Hutchon, Utopial Limited and Halfuel Limited) signed a JDA to form a Joint Venture Corporation (JVC). Over the past six months, TransAct has developed a business plan for the venture and sought capital to fund the same. With the announcement of TransAct's MOU for the initial $25 Million financing, TransAct will proceed with the JDA. The JVC will be called TransAct Energy from Waste. This partially owned subsidiary will form the core of TransAct's EfW business.