ESIV Essential Innovations Technology Corporation (CE)

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.