ETX Systems

Press Release

Date: October 01, 2006

ETX Systems fills key roles with seasoned personnel

CALGARY, AB – ETX Systems continues to add experienced individuals to its core team, hiring three more people full time to progress the commercialization of the ETX Upgrader. The company is pleased to announce the addition of Robert Sugiyama as Engineering Manager, and Stephen Porter as General Manager of Health, Safety and the Environment. In addition, ETX has hired Glen Cocquyt as the Construction/Operations Manager for the D1 Project. With these new additions comes a combined experience of over 70 years in the oilsands industry in design and operations.

Robert will be leading the engineering activities to support the development of the commercial demonstration unit (D500 Project), designed to process a nominal 2,000 bbl/d of whole bitumen feed. Stephen will lead all activities with respect to Health Safety and Environment for the company. Glen will initially support the pilot demonstration (D1) Project and later become Operations Coordinator for the D500 Project.

“ETX is very fortunate to acquire the services of three world-class specialists in Oilsands to support the development of the ETX Upgrader,” says Ross Holuk, VP Engineering and Operations. "In the current overheated environment in our industry it is difficult to get able bodies, let alone individuals with the wealth of experience that these three possess. Our strategy at ETX Systems has been to name hire the best. Our HR goal is to assemble a core team with a combined skill set that bridges technology development through all aspects of engineering and operations. With these latest additions I would say we are close to achieving our objective."

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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