EESTech Inc. Acquires a Majority Stake in New Hybrid Electrical Power Generating Technology

SYDNEY, July 11 -- EESTech Inc. (BULLETIN BOARD: AQDY.OB) has acquired a 58% shareholding in Liquatech Pty Ltd, an Australian company that holds a 50/50 partnership in the exclusive international marketing rights of the new hybrid coal gas electrical power generation technology (HCGT).

EESTech Inc. is the new name for water reuse specialists Aqua Dyne Inc. EESTech is the acronym of "Economically and Environmentally Sustainable Technology."

In December 2002, EESTech Inc. acquired the JetWater (JWS) water purification technology, including the patent rights and complete ownership of the technology.

HCGT uses coal waste, ventilated air methane (VAM) or biomass to produce electricity. This can significantly reduce fugitive methane gas emissions from underground coal mines and potentially save the coal mining industry millions of dollars annually in reduced expenditure for managing waste coal.

A standard HCGT 10mw power plant could also earn significant greenhouse gas abatement credits per year.

The Hybrid Coal Gas Turbine Technology and JetWater are two very complementary technologies, with the extraction of steam from the HCGT assisting in the desalination of water using the JetWater technology.

The environmental outcomes from such operations are expected to be highly beneficial for the general community and gain acceptance by government agencies.

The global perspective of "green" technologies gained a high profile when United Nations Secretary General Kofi Annan recently announced six new U.N. rules of sound investing at the New York Stock Exchange that focused on the inclusion of environmental and social costs in factoring investment decisions. Endorsement of the UN rules immediately came from sixteen managers of public pension funds from around the world.

The US and Australian Federal Governments have signed a "Climate Action Partnership" agreement. Under this agreement, the HCGT technology has been identified as one of seven technologies on which the partnership will collaborate to ensure the rapid uptake of this technology into the market place.

A recent Queensland Government press release has identified the HCGT as a commercially viable technology with an Australian based company, licensed to use the HCGT technology, announcing in early May 2006 that it has signed a Memorandum of Understanding for a multi-million dollar deal to set up to 11 biomass power stations and sell electrical energy in China, a deal worth more than USD$112 million.