ETX Systems

Press Release

Date: July 30, 2007

ETX Systems introduces liquid feed into its pilot facility

CALGARY, AB – ETX Systems Inc. took a significant step forward in their development plans, introduced liquid feed into their 1 bbl/d pilot plant. The unit, referred to by the company as the D1 Project, was constructed at the National Center for Upgrading Technology (NCUT), located in Devon, AB. Execution of the testing program will continue throughout 2007.

"The commissioning phase went very smoothly." , says Glen Cocquyt , D1 Operations Manager. " The success in commissioning was based on a clear plan that was executed flawlessly by ETX Systems, Flint Field Services, NCUT personnel, and Noram Engineering.”

The pilot plant 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.

"I am proud of the Operations and Technical team that worked together to help meet this critical milestone for our company. Results from this project will allow us to continue to develop our technology and progress towards commercialization. This will require a strong EPC [engineering, procurement and construction] team. We are currently evaluating a number of options. In parallel we will also be looking to source additional operations/technical personnel for ETX Systems“, says Ross Holuk, VP Engineering and Operations.

Gerard Monaghan, CEO for Envision Technologies Corp., puts the developments with the D1 Project into perspective. "Our industry has been struggling with escalating capital costs. To complete this project on time and on budget speaks to the quality of the team that we have assembled to backstop the technology, and our ability to execute while maintaining good capital stewardship. Our technology maximizes the economics of in-situ bitumen projects in Alberta by allowing producers to offset or eliminate diluent costs, offset energy costs, and remove the sensitivity to the heavy oil differential. These benefits are achieved with lower capital investment relative to traditional benchmarks. It really is a win-win-win situation."

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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