ETX Systems

Press Release

Date: March 25, 2006

Agreement reached with the National Center for Upgrading Technology to provide site for pilot unit

CALGARY, AB – ETX Systems has finalized their agreement to operate a 1 bbl/day pilot plant with the National Centre for Upgrading Technology in Devon, Alberta. “We are excited to begin our piloting work at NCUT [the National Centre for Upgrading Technology]; they offer a lot of expertise in designing and running small pilot units, and have worked with many of the large oil companies in Alberta”, says Robert Pinchuk, VP Technology at ETX Systems. “It’s very exciting, because we know that NCUT’s resources are quite taxed right now, but they've still decided to work with us on this project”; Wayne Brown, COO ETX Systems.

The 1 bbl/day pilot plant is currently being designed and built, and should be ready to start testing different feeds within the next 10 months. The pilot unit will allow ETX Systems to provide further confirmation on the benefits of the cross-flow design and to test different feed-stocks for potential partners. “It’s not that we don’t know that the lower operating temperatures afforded by the cross-flow design provide increased product yield and quality; nobody is going to argue that point”, says Robert Pinchuk, VP Technology ETX Systems. “The 1 bbl/day unit is going to provide something physical, that potential investors and partners can see; it’s also going to allow us to develop new ideas, and test different feed-stocks. At every point in the development we’re able to quantify the benefits of the cross-flow design a little better; I think this will be a large step forward for everyone’s confidence.”

ETX Systems Inc. is a fit-for-purpose private entity based in Calgary, AB, whose sole mandate is to commercialize its patented IYQ Upgrading technology. The process claims to deliver revolutionary yields and qualities relative to delayed coking, for significantly less cost per barrel. The increased production of high quality liquids leads to reduced environmental impact, leveraged through both the upstream and downstream scope.  For more information contact Gerard Monaghan, CEO of ETX Systems Inc. (gerard.monaghan@etxsystems.com).

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