November 28, 2007 06:47 ET

EESTech Inc. Continues Growth With Business Development Appointment

QUEENSLAND, AUSTRALIA--(Marketwire - November 28, 2007) - EESTech Inc. (OTCBB: EESH), a company specializing in the commercialization of Economical and Environmentally Sustainable Technologies to the energy industry, today announced to shareholders the engagement of Mr. Wang Xishou to head up the company's business development in China.

Mr. Wang is a native of Shanxi, China and brings over 40 years of engineering experience in the coal mining industry to EESTech Inc. and was Foreign Affairs Assistant to the Chairman of Huaneng Fine Coal Company, which was established by China's State Planning Commission in 1985.

In 1995, this company became the Shenhua Group before listing on the Hong Kong Stock Exchange as the largest coal company in China and one of the world's largest coal producers.

Mr. Wang established the Xingliyuan Science And Technology Company in 1994 and is the President and Senior Engineer of this company, specializing in the identification, development and integration of new technologies for the Shenhua Group.

CEO of EESTech Inc., Murray Bailey welcomed the appointment of Mr. Wang to the company.

"Mr. Wang's experience and knowledge of the China coal mining and power production industries will be a great benefit and we are delighted to have him join the EESTech team.

"The primary focus of Mr. Wang's role will be to assist EESTech in accordance with arrangements to supply 30Mw Hybrid Coal Gas Turbines (HCGT) systems contracted to coal mines throughout China under twenty-year Power Purchase Agreements," Mr. Bailey said.

EESTech Inc. recently acquired the intellectual property rights to the unique HCGT (Hybrid Coal Gas Turbine) a patented clean coal technology. The Hybrid Coal Gas Turbines (HCGT) technology was developed by a world renowned Australian Government owned research facility, and this technology uses as fuel coal mine methane (which is 21 times more damaging to the earth's atmosphere than carbon dioxide) and waste coal to produce electricity.

EESTech Inc. (formerly Aqua Dyne Inc.) was incorporated in the US and is a US Corporation permitted to trade stock on the US Bulletin Board.

EESTech Inc. trades on the US Bulletin Board and uses the stock symbol EESH.OB (Previously AQDY.OB).

Contact Information

  • For further information:
    Matthew Hart/Susan McGrady
    +61 7 3221 6711