ETX Systems

Press Release

Date: June 29, 2007

Commissioning begins on ETX System's 1 bbl/d pilot facility

CALGARY, AB – Construction has been completed on the pilot facility built by ETX Systems Inc. in support of its proprietary ETX Upgrading technology. The unit, located at the National Center for Upgrading Technology (NCUT), in Devon, AB, was turned over to ETX today by Flint Field Services, the company hired to carry out the construction. Commissioning of the unit should take the month of July, after which execution of the testing program will begin.

"I am personally very excited about the achievement of this milestone.", says Ross Holuk, VP of Operations and Engineering. "We started this project last year in an environment where costs were escalating and manpower was very difficult to source. Because of these factors, people have come to expect cost over-runs in our industry. We were determined to buck that trend. Through the solid integrated efforts of ETX Systems, Flint Field Services, NCUT personnel, and our engineering partner, Noram Engineering, we came in on time and on budget. This sets a positive precedent for our organization. It speaks to our ability to steward capital and manage projects effectively."

The pilot plant project, referred to as the D1 Project, is designed to validate the yield and quality claims the company has attached to its ETX Upgrading technology. Results from the unit are expected by late fall.

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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