Essential Innovations Signs Exclusive Contract for Geothermal Loop-Field Technology

  
    
  
  
    
      Essential Innovations Technology Corp. (OTCBB: ESIV) is excited 
      to announce that it’s wholly-owned Canadian 
      subsidiary, Essential Innovations Corp., has signed an ‘Exclusive 
      Technology Rights Agreement’ that gives the 
      Company the exclusive global rights excluding Asia, to market and 
      private label a totally unique geothermal loop-field technology under 
      the Essential Innovations brand name. Announced previously this month 
      when the Company signed an MOU in China, Essential Innovations has now 
      proceeded to execute an official exclusivity agreement with the 
      ownership group for the geothermal loop-field technology.
    
    
      Jason McDiarmid, President/CEO said, “Since 
      signing the MOU relating to this loop-field technology earlier this 
      month, our Company has been working diligently with our technology 
      partners to design systems for some of our projects in Canada. We are 
      excited to now have an official exclusivity agreement in place, and we 
      intend to begin to test and install the technology on certain projects 
      within the next 60-90 days, remaining confident the results will show it 
      to be just as effective in Canada as it has been in China over the last 
      number of years. It seems clear that when applied, this unique 
      ground-loop technology has the capability to greatly minimize the amount 
      of land typically required for large vertical borehole matrix geothermal 
      loop-field designs. The fact it can be installed and applied at a 
      significant savings to standard borehole technology makes the overall 
      opportunity for this technology very timely, given the already enormous 
      demand that exists for current conventional Geoexchange technology.”
    
    
      Essential Innovations now intends to use this geothermal loop field 
      technology whenever possible as the ground component option that will 
      operate directly with the Company’s 
      proprietary leading edge R410A, controls driven product line, the EI 
      Elemental Geoexchange Series. As the Company now prepares to 
      commercially launch this unique geothermal loop-field technology into 
      the global marketplace, it will now perform installation of the 
      technology on multiple residential and commercial project sites in North 
      America within the next 3-6 months, so as to absolutely assure the 
      technology’s operational performance outside 
      of China.
    
    
      Geoexchange technology harnesses the earth’s 
      clean, renewable thermal energy stored just below the surface or in 
      large bodies of water for purposes of heating, cooling, domestic hot 
      water and/or dehumidification. A Geoexchange system is used to “exchange” 
      the earth’s natural heating and cooling 
      properties between a building and the ground. This non-combustion 
      transfer of energy is the source of performance and environmental 
      superiority, as Geoexchange systems need only a small amount of 
      electrical energy to then capture, move and concentrate a large amount 
      of free energy provided by the earth.
    
    
      Essential Innovations Technology Corp. provides cutting-edge Geoexchange 
      solutions for residential, commercial and industrial applications as 
      both a Geoexchange energy service company and as a manufacturer of 
      proprietary geothermal heat pump technology. Essential Innovations 
      Technology currently has operations in the USA, Canada and Hong Kong; 
      exclusive distributors in Canada and Mexico; exclusive sales agents or 
      sales agents in Mexico, Hungary, China and Alaska; and the Company is 
      now actively seeking further distributors, dealers and project 
      opportunities throughout the North American and international 
      marketplace for its proprietary geoexchange systems and solutions.
    
    
      Forward-Looking Statements
    
    
      This news release contains "forward-looking statements," as that term is 
      defined in Section 27A of the United States Securities Act of 1933 and 
      Section 21E of the Securities Exchange Act of 1934. Statements in this 
      press release, which are not purely historical, are forward-looking 
      statements and include any statements regarding beliefs, plans, 
      expectations or intentions regarding the future. Investors are cautioned 
      that such forward-looking statements involve risks and uncertainties. 
      These statements include, but are not limited to, statements that do not 
      describe historical facts and statements that include the 
      word "believes," "anticipates," "expects," "plans," "intends," 
      "designs," “projects” 
      or similar language, as well as statements regarding consumer or 
      marketplace acceptance of the Company’s new 
      or existing products; comments concerning marketing and consumer 
      acceptance of proprietary products; the potential benefits of Essential 
      Innovations’ products; initiatives undertaken 
      by the Essential Innovations’ divisions; the 
      Company’s research, manufacturing and 
      facilities expansion programs; and the Company’s 
      growth, revenue, or projected earnings; all such statements which may or 
      may not occur in the future. These forward-looking statements are made 
      as of the date of this news release, and Essential Innovations 
      Technology Corp. assumes no obligation to update the forward-looking 
      statements, or to update the reasons why actual results could differ 
      from those projected in the forward-looking statements. Although we 
      believe that the beliefs, plans, expectations and intentions contained 
      in this press release are reasonable, there can be no absolute assurance 
      that such belief, plans, expectations or intentions will prove to be 
      completely accurate. Investors should consult all of the information set 
      forth herein and should also refer to the risk factors disclosure 
      outlined in our periodic reports filed from time to time with the 
      Securities and Exchange Commission.
    
  
Essential Innovations Technology Corp. (OTCBB: ESIV) is excited to
announce that it's wholly-owned Canadian subsidiary, Essential
Innovations Corp., has signed an 'Exclusive Technology Rights
Agreement' that gives the Company the exclusive global rights
excluding Asia, to market and private label a totally unique
geothermal loop-field technology under the Essential Innovations brand
name. Announced previously this month when the Company signed an MOU
in China, Essential Innovations has now proceeded to execute an
official exclusivity agreement with the ownership group for the
geothermal loop-field technology.

   Jason McDiarmid, President/CEO said, "Since signing the MOU
relating to this loop-field technology earlier this month, our Company
has been working diligently with our technology partners to design
systems for some of our projects in Canada. We are excited to now have
an official exclusivity agreement in place, and we intend to begin to
test and install the technology on certain projects within the next
60-90 days, remaining confident the results will show it to be just as
effective in Canada as it has been in China over the last number of
years. It seems clear that when applied, this unique ground-loop
technology has the capability to greatly minimize the amount of land
typically required for large vertical borehole matrix geothermal
loop-field designs. The fact it can be installed and applied at a
significant savings to standard borehole technology makes the overall
opportunity for this technology very timely, given the already
enormous demand that exists for current conventional Geoexchange
technology."

   Essential Innovations now intends to use this geothermal loop
field technology whenever possible as the ground component option that
will operate directly with the Company's proprietary leading edge
R410A, controls driven product line, the EI Elemental Geoexchange
Series. As the Company now prepares to commercially launch this unique
geothermal loop-field technology into the global marketplace, it will
now perform installation of the technology on multiple residential and
commercial project sites in North America within the next 3-6 months,
so as to absolutely assure the technology's operational performance
outside of China.

   Geoexchange technology harnesses the earth's clean, renewable
thermal energy stored just below the surface or in large bodies of
water for purposes of heating, cooling, domestic hot water and/or
dehumidification. A Geoexchange system is used to "exchange" the
earth's natural heating and cooling properties between a building and
the ground. This non-combustion transfer of energy is the source of
performance and environmental superiority, as Geoexchange systems need
only a small amount of electrical energy to then capture, move and
concentrate a large amount of free energy provided by the earth.

   Essential Innovations Technology Corp. provides cutting-edge
Geoexchange solutions for residential, commercial and industrial
applications as both a Geoexchange energy service company and as a
manufacturer of proprietary geothermal heat pump technology. Essential
Innovations Technology currently has operations in the USA, Canada and
Hong Kong; exclusive distributors in Canada and Mexico; exclusive
sales agents or sales agents in Mexico, Hungary, China and Alaska; and
the Company is now actively seeking further distributors, dealers and
project opportunities throughout the North American and international
marketplace for its proprietary geoexchange systems and solutions.

   Forward-Looking Statements

   This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release, which are not purely historical, are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Investors are cautioned that such forward-looking statements involve
risks and uncertainties. These statements include, but are not limited
to, statements that do not describe historical facts and statements
that include the word "believes," "anticipates," "expects," "plans,"
"intends," "designs," "projects" or similar language, as well as
statements regarding consumer or marketplace acceptance of the
Company's new or existing products; comments concerning marketing and
consumer acceptance of proprietary products; the potential benefits of
Essential Innovations' products; initiatives undertaken by the
Essential Innovations' divisions; the Company's research,
manufacturing and facilities expansion programs; and the Company's
growth, revenue, or projected earnings; all such statements which may
or may not occur in the future. These forward-looking statements are
made as of the date of this news release, and Essential Innovations
Technology Corp. assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although we
believe that the beliefs, plans, expectations and intentions contained
in this press release are reasonable, there can be no absolute
assurance that such belief, plans, expectations or intentions will
prove to be completely accurate. Investors should consult all of the
information set forth herein and should also refer to the risk factors
disclosure outlined in our periodic reports filed from time to time
with the Securities and Exchange Commission.