Essential Innovations Te... (CE) (USOTC:ESIV)
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Essential Innovations Technology Corp. (OTCBB:ESIV) is pleased to
announce that it has signed a contract to establish a joint venture
company in China for manufacturing of the EI Elemental Series of
proprietary Geoexchange systems currently being produced in Canada by
Essential Innovations Corp. (“EIC”),
the ESIV wholly owned subsidiary.
The JV Company is to be a partnership between ESIV, Jiangsu Sifang
Culture Industry Co. and Ekistics Town Planning. It is now planned that
within 3-6 months the partners will work together to have the plant in
China up and running and into full-scale production.
Stated Jason McDiarmid, President and CEO of Essential Innovations, “Manufacturing
our technology in China will allow us to be extremely well positioned to
take advantage of the enormous Chinese marketplace. In turn, it also
allows us to become highly price competitive in the North American
market as we expand on our existing distribution channels and project
opportunities around the United States and Canada, by providing a
product that will continue to meet our highest quality standards but
that may be produced and distributed at a significantly discounted cost.”
The structure of the JV contract calls for the parties to meet certain
capitalization and business registration requirements so that the JV
Company can be incorporated and operational in China within 60 days from
the date of signing.
About Essential Innovations Technology Corp.
Essential Innovations is a Geoexchange Energy Service Company that
utilizes proprietary turnkey Geoexchange systems and solutions to
deliver heating, cooling and dehumidification, as well as domestic hot
water to residential, commercial and institutional applications. The
Company’s unique “one-stop-shop”
approach to Geoexchange technology applications incorporates all the
requisite pockets of technological expertise required for “best-practices”
design and implementation in one integrated package.
Additionally, Essential Innovations manufactures and distributes its
cutting-edge Geoexchange System, the “EI
Elemental Series.” The EI Elemental family of
products is a high-efficiency, eco-friendly comfort system providing
heating, cooling, dehumidification as well as domestic hot water
production for residential, commercial and industrial applications.
Utilizing specifically R410A, the new industry-standard environmentally
friendly refrigerant, and a proprietary controls package, the EI
Elemental family of products ranges in size from 1.5 to 30 tons for
forced-air heating/cooling, hydronic radiant floor heating, or a
combination of both.
Essential Innovations currently has operations in the United States,
Canada and Hong Kong; exclusive distributors in Canada and Mexico; and
exclusive and non-exclusive sales agents in Mexico, Hungary, China and
Alaska. Additional information may be found at www.eitechcorp.com
and www.earthsource.ca.
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 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. 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 pleased to
announce that it has signed a contract to establish a joint venture
company in China for manufacturing of the EI Elemental Series of
proprietary Geoexchange systems currently being produced in Canada by
Essential Innovations Corp. ("EIC"), the ESIV wholly owned subsidiary.
The JV Company is to be a partnership between ESIV, Jiangsu Sifang
Culture Industry Co. and Ekistics Town Planning. It is now planned
that within 3-6 months the partners will work together to have the
plant in China up and running and into full-scale production.
Stated Jason McDiarmid, President and CEO of Essential
Innovations, "Manufacturing our technology in China will allow us to
be extremely well positioned to take advantage of the enormous Chinese
marketplace. In turn, it also allows us to become highly price
competitive in the North American market as we expand on our existing
distribution channels and project opportunities around the United
States and Canada, by providing a product that will continue to meet
our highest quality standards but that may be produced and distributed
at a significantly discounted cost."
The structure of the JV contract calls for the parties to meet
certain capitalization and business registration requirements so that
the JV Company can be incorporated and operational in China within 60
days from the date of signing.
About Essential Innovations Technology Corp.
Essential Innovations is a Geoexchange Energy Service Company that
utilizes proprietary turnkey Geoexchange systems and solutions to
deliver heating, cooling and dehumidification, as well as domestic hot
water to residential, commercial and institutional applications. The
Company's unique "one-stop-shop" approach to Geoexchange technology
applications incorporates all the requisite pockets of technological
expertise required for "best-practices" design and implementation in
one integrated package.
Additionally, Essential Innovations manufactures and distributes
its cutting-edge Geoexchange System, the "EI Elemental Series." The EI
Elemental family of products is a high-efficiency, eco-friendly
comfort system providing heating, cooling, dehumidification as well as
domestic hot water production for residential, commercial and
industrial applications. Utilizing specifically R410A, the new
industry-standard environmentally friendly refrigerant, and a
proprietary controls package, the EI Elemental family of products
ranges in size from 1.5 to 30 tons for forced-air heating/cooling,
hydronic radiant floor heating, or a combination of both.
Essential Innovations currently has operations in the United
States, Canada and Hong Kong; exclusive distributors in Canada and
Mexico; and exclusive and non-exclusive sales agents in Mexico,
Hungary, China and Alaska. Additional information may be found at
www.eitechcorp.com and www.earthsource.ca.
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 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. 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.