ETX Systems

Press Release

Date: March 27, 2007

Construction begins on the ETX Upgrader pilot demonstration facility

CALGARY, AB – ETX Systems announced that construction has been started on its pilot demonstration facility. The project, referred to as the D1 project, is designed to process heavy pitch at a rate of 1 bbl/day. The project is being carried out at the National Centre for Upgrading Technology (NCUT) in Devon, Alberta.

"We chose NCUT due to their expertise in this area. It is difficult to find a group as experienced assembled anywhere in the world. With full analytical capabilities on site, and existing infrastructure off of which to leverage, this is definitely as close to one-stop-shopping for upgrading pilot plants as one can get.", says Wayne Brown, the COO and CTO for ETX Systems. "This project is somewhat larger than the projects that NCUT traditionally sees, but they have exceeded expectations in all areas, working with us to form an integrated team."

Glen Cocquyt, the D1 Construction Manager, is keen to see construction started. “Flint Field Services has begun to erect the structure and equipment is arriving daily for installation.”

The pilot unit will allow ETX Systems to provide further confirmation on the benefits of the cross-flow design with respect to product quality and yields. The company also plans to use the unit to test different feed-stocks for potential partners. Construction is expected to be complete by the end of the second quarter of 2007 with feed introduction into the unit slated for the third quarter.

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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