BELLINGHAM, Wash., Sept. 26, 2005 (PRIMEZONE) -- Essential Innovations Technology Corp. (OTCBB:ESIV) is excited to announce that it has acquired a patent-pending heating technology representative of a totally new method of heating liquids that utilizes an Electro-Acoustic Immersion Heater (EAIM) design for the rapid heating of water and/or production of steam using an energy movement within the EAIM that is based on specific sonic and acoustical properties. Under the terms of the agreement, the company has acquired the exclusive rights for the utilization, manufacturing, and distribution of the technology when applied towards geothermal heating and cooling and/or any other HVAC-related application throughout the world.
The technology has been tested and validated by an independent third-party physicist in a detailed report, particularly expressive of the incredible efficiencies seen when this technology was tested under a controlled environment to rapidly boil liquids (in that case being water).
"The technological implications for Essential Innovations are quite staggering," stated Steve Wuschke, chief technical officer of the company. "Based on our preliminary analysis and in-house technology demonstration, we feel strongly that this technology can be incorporated into our already innovative geoexchange design. As we move to integrate this technology into our proprietary geoexchange system, it has the potential then to offer our current technology the same energy supply that a geothermal loop-field is currently required to provide, thereby mitigating or even eliminating the need for the loop-field in it's entirety."
Declared Jason McDiarmid, president/CEO, "Essential Innovations is always striving to be at the forefront of cutting-edge renewable energy development, and this most recent technology acquisition clearly falls well within our overall business and corporate strategy."
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 two 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.
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