ETX Systems

Press Release

Date: February 20, 2007

ETX Systems receives support for its 1 bbl/d pilot facility

CALGARY, AB – ETX Systems has received financial support for its pilot demonstration unit that is currently under construction. The Industrial Research Assistance Program (IRAP), a division of the National Research Council (NRC) provides financial support for research and development activities in Canada as part of its mandate, and will be supporting a significant fraction of the contractor and salary items associated with project.

"We have a long history with IRAP, and have developed a strong working relationship with the organization.", explains Wayne Brown, COO and CTO of ETX Systems. "Our company is all about quality, and we look to third parties to vet all aspects of our work. In addition to the funds provided the independent review and audit of our work is as valuable to us. The fact that the technical evaluators at IRAP have elected to support our project speaks to the quality of the development."

The pilot demonstration, or D1 project is being constructed to add more resolution on the yield and quality benefits associated with the ETX Upgrading technology. Feed into the unit is expected in July 2007.

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).

IYQ Upgrader Logo