Essential Innovations Te... (CE) (USOTC:ESIV)
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From Jul 2019 to Jul 2024
Essential Innovations Technology Corp. (OTCBB:ESIV) is excited to
announce that its wholly-owned Canadian subsidiary, Essential
Innovations Corp., has signed a Memorandum of Understanding that gives
the Company the exclusive global right to market and private label a
totally unique geothermal loop-field technology under the EI brand name.
Under the terms of the MOU, Essential Innovations will now work
hand-in-hand with its Chinese technology producer to exploit this
geothermal loop field technology 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.
“Over the last decade earlier stage
development phases of this technology were effectively utilized under a
number of different ground conditions throughout China on upwards of
30,000,000 sq.ft. of projects ranging from single and multi-family to
large institutional and commercial building applications. With the
operational success of the most current and previously unknown design
advancements to the technology just recently having been demonstrated to
our top Geoexchange experts, it is felt that this technology is now
ready to be implemented on a grand scale around the World. We are
extremely optimistic about the widespread and near-term acceptance of
this geothermal loop-field technology, particularly when used
specifically in conjunction with our own EI Elemental Geoexchange system
product line,” stated Jason McDiarmid,
President/CEO of ESIV.
Lynn Mueller, Vice-President of Earth Source Energy, the ESIV
wholly-owned operating subsidiary offering Geoexchange installation and
engineering services commented, “We
immediately note that the costs that relate to the installation and
operation of this geothermal loop-field technology are substantially
less than those associated with standard conventional geothermal
loop-field technology, making the opportunity for quick and aggressive
market adoption of this technology a reality. The requirement for large
amounts of land space to create conventional geothermal loop-field
capacity no longer exists with this technology. Having been involved in
the design, application, and installation of Geoexchange technology for
the last fifteen years, I see this as a monumental leap forward in
addressing the barriers to entry commonly associated with the cost of
the geothermal loop-field infrastructure.”
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.
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. The Company was
incorporated in April 2001, and it has four wholly owned subsidiaries
located in British Columbia, Canada and in Hong Kong, SAR, 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 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 its wholly-owned Canadian subsidiary, Essential
Innovations Corp., has signed a Memorandum of Understanding that gives
the Company the exclusive global right to market and private label a
totally unique geothermal loop-field technology under the EI brand
name. Under the terms of the MOU, Essential Innovations will now work
hand-in-hand with its Chinese technology producer to exploit this
geothermal loop field technology 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.
"Over the last decade earlier stage development phases of this
technology were effectively utilized under a number of different
ground conditions throughout China on upwards of 30,000,000 sq.ft. of
projects ranging from single and multi-family to large institutional
and commercial building applications. With the operational success of
the most current and previously unknown design advancements to the
technology just recently having been demonstrated to our top
Geoexchange experts, it is felt that this technology is now ready to
be implemented on a grand scale around the World. We are extremely
optimistic about the widespread and near-term acceptance of this
geothermal loop-field technology, particularly when used specifically
in conjunction with our own EI Elemental Geoexchange system product
line," stated Jason McDiarmid, President/CEO of ESIV.
Lynn Mueller, Vice-President of Earth Source Energy, the ESIV
wholly-owned operating subsidiary offering Geoexchange installation
and engineering services commented, "We immediately note that the
costs that relate to the installation and operation of this geothermal
loop-field technology are substantially less than those associated
with standard conventional geothermal loop-field technology, making
the opportunity for quick and aggressive market adoption of this
technology a reality. The requirement for large amounts of land space
to create conventional geothermal loop-field capacity no longer exists
with this technology. Having been involved in the design, application,
and installation of Geoexchange technology for the last fifteen years,
I see this as a monumental leap forward in addressing the barriers to
entry commonly associated with the cost of the geothermal loop-field
infrastructure."
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.
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. The
Company was incorporated in April 2001, and it has four wholly owned
subsidiaries located in British Columbia, Canada and in Hong Kong,
SAR, 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 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.