LOS ANGELES, April 14, 2014 /PRNewswire/ -- EESTech (a
publicly traded company on the OTC Market under symbol
EESH)(www.eestechinc.com) is pleased to announce that over the past
twelve months it has successfully completed three significant
technology acquisitions that position the company as a leading
provider of mine site remediation and waste resource reclamation
services.
The three technologies acquired equip EESTech with the
capability to generate an ongoing or recurring income stream from
the onsite reforming of mine waste into high value re-saleable
products. EESTech's business model incorporates service agreements
with mining companies that will entitle EESTech to a processing fee
and or a revenue share with the mine owner and or an off-take
agreement for all waste material processed.
The new technologies of EESTech include:
1. The Waste Resource Agglomeration Module (WRAM), a proven
waste reclamation system, which utilizes proprietary binding agents
to reform mine waste into commercially useable and saleable
products;
2. The Delta-E system that utilizes natural energy forces to
reduce the cost of refining of minerals and other compounds into a
purified or concentrated form as an alternative or enhancement to
smelting and refining;
3. Exothermic Pyrotechnic Composition (EPC) is a proprietary
energy enhancing aluminothermic infusion process, which increases
the thermal energy output and combustion pressure of ignitable
materials.
(Additional Information can be found on the "Products" page of
EESTech's website; www.eestechinc.com)
Each of these technologies can be operated as stand-alone
systems or integrated to provide an end to end mine site
remediation and waste recovery solution and this capability will
set new operating standards for the management of waste generated
by the mining industry. The deployment of EESTech products and
services will transform mine waste, currently described as an
environmental liability, into a valued resource while dramatically
reducing the impact of mine waste on the natural environment.
The specific gravity and abrasive nature of coal will limit each
process module to a production of approximately 120 tons per hour,
on larger coal projects a multiple of modules could be used. Most
other waste resources can be processed at a rate of between 250 and
350 tons per hour.
The positive impact of this on a mining company's reserve holdings,
balance sheet and ability to demonstrate enhanced environmentally
responsible mining practices will set a new benchmark for the
industry.
The transformation and recovery of mine waste into a saleable
resource allows stockpiles of waste to be recognized as a valuable
resource of unprocessed inventory rather than an environmental
liability. The value of this inventory will be established through
the structuring of forward off-take agreements for all recovered
resources produced by EESTech.
These market ready services being offered by EESTech are being
well received by the mining sector, where agreements with a number
of high profile mining and waste management companies have already
been secured.
EESTech's project partner companies are presently undertaking an
assessment with the support of EESTech to identify and select the
most commercially suitable mines and waste stockpiles to where
EESTech services will be best deployed. Priority is being given to
project sites, which can readily accommodate an immediate
deployment of EESTech's plant and equipment, with sizeable
stockpiles of waste that can be processed to generate near term
revenues and earnings.
Mr Murray Bailey, EESTech's
Chairman stated that the company was anticipating the first mine
site remediation project to be commissioned within the next twelve
months and was optimistic a number of project announcements would
soon follow. He further adds that the service model approach and
the cost effectiveness of EESTech's waste recovery management
services are compelling reasons why mine owners-operators are now
calling on EESTech.
Released for EESTech, Inc by Dennis Rutzou Public Relations
(www.drpr.com.au)
For further information please call Dennis Rutzou on +612 9413
8424.
Forward Looking Statement:
This media release includes statements that may constitute
'forward-looking' statements. The statements can generally be
identified by phrases such as EESTech, Inc. or its management
'believes' 'forecasts', 'estimates' or other words or phrases of
similar import. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995.
Similarly, such statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
are forward-looking statements. Forward-looking statements
inherently involve risks and uncertainties that could cause actual
results to differ materially from forward-looking statements.
Factors which could cause or contribute to such differences
include, but are not limited to our ability to recruit and retain
key personnel, the availability of funding for future operating
requirements, our ability to protect our intellectual property, our
ability to secure contracts for the installation of our products
and our ability to develop and operate such projects successfully.
We urge you to carefully consider these factors and the information
detailing other factors (which may cause actual results to differ
materially) included in EESTech, Inc.'s press releases and other
historical SEC filings. The forward-looking statements are based on
current expectations and neither the Company nor its management
assumes any obligation to update these statements.
SOURCE EESTech, Inc
