BELLINGHAM, Wash., March 23, 2006 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) (Frankfurt:E6S), provider of 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, announced today that it's subsidiary Earth Source Energy, Inc. is presently completing the drilling portion of the ground loop for the Jeske Accounting Building in Langley B.C., Canada.
Says Lynn Mueller, V.P of Earth Source Energy, "The geoexchange design of this state-of-the-art facility is expected to operate at approximately 20% of the energy demand seen by a typical conventional building. The 42 -- 300 foot deep geoexchange boreholes will supply the heating and cooling energy required for the 60,000 sq. ft. -- 3 story glass office building. The simple payback analysis on the extra cost that was required for the geoexchange system was approximately 7 years with an inflation-adjusted payback being approximately 3.9 years. In addition to these substantial operational cost-savings, there is going to be 100 tonnes per year of avoided CO2 production. As with the majority of our widespread and satisfied customer base, the 'Jeske Building' owners chose Earth Source because of our superior installation record and the fact we are recognized as leaders in the geoexchange industry."
Energy Source Energy Inc., wholly owned subsidiary of ESIV, is one of North America's largest and most experienced geoexchange installation companies for commercial and residential applications with well over 600 successful installations to its credit. Essential Innovations now has the in-house capability to provide both the geoexchange equipment and the installation of that equipment as part of its complete turnkey solution.
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.
The Essential Innovations Technology Corp. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1595
Forward-Looking Statements
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