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LOS ANGELES, Aug. 18 /PRNewswire/ -- EESTECH Inc.
(OTC Bulletin Board: EESH), and China's Datong Coal Mine Group, based in
Shanxi Province, have signed an exclusive agreement to undertake a feasibility
and project development program that will use methane and waste coal to supply
power for the mining operations.
The program, which will be based on EESTECH's Hybrid Coalmine Gas
Technology (HCGT), uses methane and waste coal to produce clean energy.
The advantage of this process is that it not only uses waste material,
which methane gas has a global warming potential twenty one times more
damaging to the atmosphere than carbon dioxide.
EESTECH CEO Mr. Murray Bailey said that project schedules have been
developed and will commence with a comprehensive feasibility study on a range
of Datong Coal's gassy coalmines.
This study is required for site selection, plant sizing, determining
methane emission volumes and project costs to support the necessary commercial
agreements prior to the deployment of HCGT systems.
"EESTECH in collaboration with China's coal industry will demonstrate the
benefits of the HCGT system, becoming a leading reference site supporting the
commercial validation of waste to energy and the ability to provide cost-
effective clean energy," Mr. Bailey said.
A standard 10 mega watt HCGT plant will generate clean coal energy using
ventilated coal mine methane and can produce up to 1 million carbon credits
per year in the fight against Global Warming.
EESTECH (EESH.OB), which is publicly traded on the US Bulletin Board and
operates a technical facility in Brisbane, Australia, also obtained the
Asia-Pacific rights to the HTC Purenergy Carbon Capture technology in December
2007.
The HTC technology includes the world's first pre-engineered, modular,
1000 tonne per day carbon capture system known as the "CCS Purenergy Series",
which when integrated with EESTECH's Hybrid Coal Gas Turbine (HCGT), utilises
waste coal and methane to produce the energy required for carbon capture,
meaning that the cost of carbon capture is significantly reduced.
For further information on EESTECH or its products please visit the
company's website at www.eestechinc.com.
Released for EESTECH Inc. by Dennis Rutzou Public Relations
(www.drpr.com.au)
For further information please call Dennis Rutzou or Joanna Gitsham on
+612 9413 4244 or email greatpr@drpr.com.au.
Forward Looking Statement:
This media release includes statements that may constitute 'forward-
looking' statements. The statements can generally be identified by phrases
such as EESTech, Inc or its management 'believes' 'forecasts', 'estimates' or
other words or phrases of similar import. These statements are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995.
Similarly, such statements herein that describe the Company's business
strategy, outlook, objectives, plans, intentions or goals are forward-looking
statements.
Forward-looking statements inherently involve risks and uncertainties that
could cause actual results to differ materially from forward-looking
statements.
Factors which could cause or contribute to such differences include, but
are not limited to our ability to recruit and retain key personnel, the
availability of funding for future operating requirements, our ability to
protect our intellectual property, our ability to secure contracts for the
installation of our products and our ability to develop and operate such
projects successfully.
We urge you to carefully consider these factors and the information
detailing other factors (which may cause actual results to differ materially)
included in EESTech, Inc.'s forms 10Q and 10K filed with the SEC. The
forward-looking statements are based on current expectations and neither the
Company nor its management assumes any obligation to update these statements.
SOURCE EESTECH Inc.
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