SOURCE: EESTech, Inc.

November 05, 2007 06:29 ET

EESTech, Inc. in the Frontline to Minimize Global Warming

QUEENSLAND, AUSTRALIA--(Marketwire - November 5, 2007) - EESTech, Inc. (OTCBB: EESH), a company specializing in the commercialization of Economical and Environmentally Sustainable Technologies, has launched a business growth strategy to capitalise on the international recognition of the need to mitigate the impacts of global warming caused by fossil fuel based industries and energy providers.

EESTech, Inc., is an emerging and aggressively growing company, introducing climate change technology combining its patented HCGT (Hybrid Coal Gas Turbines) and CCS (Carbon Capture/Storage and enhanced oil recovery technology). The HCGT technology was developed by a world renowned Australian Government owned research facility and the CCS technology, developed by the International Test Centre for Carbon Capture in conjunction with the University of Regina, Canada.

The HCGT 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. The CCS technology provides a cost effective method to capture carbon dioxide from the world's large industrial facilities to reduce global warming. By combing the HCGT and CCS technologies, EESTech sets new efficiency and cost benchmarks by providing a stand alone facility that mitigates methane emissions and waste coal, to produce electricity while capturing carbon dioxide from industry.

EESTech, Inc., signed a financial advisory agreement with London-based Montrose Partners LLP to provide financial and strategic planning advice as the company moves forward. The appointment of Montrose Partners will see the establishment of short to long term financial and growth strategies to strengthen EESTech, Inc.'s ability to respond to market opportunities.

CEO of EESTech, Inc. Murray Bailey, said: "Increasing political and environmental demand being placed on industries to take corporate responsibility to reduce the causes of global warming and climate change will force the implementation of green technologies such as those being commercialised by EESTech. We believe that there is an unprecedented global market opportunity for our state-of-the-art green and competitive technologies."

Montrose Partners co-founder Aeneas Mackay said he was delighted that Montrose Partners has formed a relationship with EESTech, Inc. "Our role will be to provide ambitious growth companies, like EESTech, Inc. with comprehensive, strategic advice and capital raising expertise."

"Our clients are wide-ranging and are both publicly and privately held businesses, with a specific focus on the clean-energy industry, natural resources and the technology sector," Mr. Mackay said.

Montrose Partners LLP is an FSA regulated, corporate finance advisory boutique company established in 2003 by Matthew Clarke and Aeneas Mackay and has broad experience in equity and debt financings as well as managing and implementing mergers, acquisitions and disposals.

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:
    Susan McGrady
    BBS
    +61 7 3221 6711