ETX Systems

Press Release

Date: March 15, 2007

ETX Systems completes engineering on its pilot demonstration facility

CALGARY, AB – ETX Systems confirmed that the detailed engineering has been completed in support of the 1 bbl/day piloting exercise aimed at providing additional confirmation of the yield and quality benefit of its patented ETX Upgrading process. The pilot unit will be constructed at the National Centre for Upgrading Technology (NCUT) in Devon, Alberta.

“We have worked with Noram Engineering on the engineering package for almost one year so this is truly a milestone for our company,” says Ross Holuk, VP Engineering and Operations. "Although the ETX Upgrader represents the merger of two commercial concepts, there are always engineering challenges when a concept is turned into metal for the first time. Surrounding the project with excellent people has been the key to our success."

In addition to confirming yield and quality benefits the pilot unit will be used to test different feed-stocks for potential partners. Construction completion is estimated for the second quarter of 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).

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