EESH EESTech, Inc. featured news, full reports, and detailed charts
EESTech, Inc. (EESH/EESH.PK) Wrap Up:
EESTech, Inc., a development stage company, provides solutions utilizing economically and environmentally sustainable technologies. It engages in promoting the commercialization of its three primary products, including a Hybrid Coal and Gas Turbine (HCGT) power plant; Carbon Capture and Storage; and the JetWater System, an evaporation-based technology for water purification system. HCGT plant enables coal miners to produce electric power using various fuel sources, such as ventilation, air methane, coal mine methane, and waste coal. The HCGT uses biomass or a combination of fugitive methane from underground coal mines and waste coal as the fuel source to generate between 5 megawatts and 30 megawatts of electric power, per generating module. The JetWater technology is used for the recovery of distilled water from a range of water and wastewater sources. The JetWater System purifies and desalinates seawater, brackish groundwater, treated sewage effluent, and other types of wastewater to produce near ultra-pure quality fresh water. It has a joint venture agreement with Aryan Clean Coal Technologies of India to install Hybrid Coal Gas Technology systems. The company, formerly known as Aqua Dyne, Inc., was founded in 2000 and is based in Chino Valley, Arizona.EESTech, Inc. (EESH:OTC)
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Market Cap
5.4M
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Total Revenue
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EBITDA
7.2M
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DILUTED EPS TTM
-0.17
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P/E
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P/S
--
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Return On Asset
-193.26
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Return On Equity
920.99
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EESH Top Compensated Officers
Executives, Board Directors
Key developments for EESTech, Inc. (EESH)
EESTech Inc. has awarded the exclusive Australian rights for their JetWater thermal desalination system to Impulse Hydro. This follows Impulse Hydro recently securing their first contract using the JetWater System in the Queensland coal seam gas (CSG) industry and the extensive interest shown by producers at the recent 'Optimising CSG Production & Utilisation Forum' in Brisbane, which they sponsored. The first sale made by Impulse Hydro of the JetWater System, was on the basis of a one-off contract arrangement that allows for access as a project demonstration site that will be remotely monitored by EESTech and to provide a platform for the introduction and testing of future technology enhancements.
EESTech Inc.'s thermal desalination JetWater system will be used by their licensee Impulse Hydro, in a major contract for a coal seam gas producer. In line with recent Queensland Government policy changes, coal seam gas producers are increasingly under pressure to implement self managed water treatment. Under current legislation, the water that is extracted from the coal seams in order to release coal seam gas must be treated in order to avoid classification as waste product. CSG water is predominantly disposed of in evaporation ponds ranging from 1-100 hectares in area. Limited quantities of untreated CSG water are also used for feeding stock, coal washing and related petroleum activities.
EESTech Inc. has signed a joint venture agreement with Aryan Clean Coal Technologies of India, to install three 10-mega watt Hybrid Coal Gas Technology systems over the next five years, valued at more than $60 million. The Aryan Group of India is a privately owned company which started in 1980 and has an annual turnover of more than $130 million. EESTech (which stands for Economically and Environmentally Sustainable Technologies) owns or holds the rights to three important environmentally sustainable technologies relating to the water, coal mining and energy industries. Both parties recognise the commercial synergies and areas of mutual collaboration that exist and have formed the joint venture to introduce EESTech's Hybrid Coalmine Gas Technology (HCGT) to the mining and power generation industries of India.
EESH Competitors
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Industry Analysis
| Valuation | EESH | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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EESH transactions
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More Recent News About EESTech, Inc.
More news for EESH
EESTECH, INC. Financials
PERIOD ENDING30-Sep-0830-Jun-0831-Mar-0831-Dec-07Total Revenue - - - - Cost of Revenue - - - - Gross Profit - - - - Operating ExpensesResearch Development - - - - Selling General and Administrative980 871 1,043 4,743 Non Recurring269 (269) - 57 Others - - - - Total Operating Expenses - - - - Operating Income or Loss(1,249)(602)(1,043)(4,801)Income from Continuing OperationsTotal Other Income/Expenses Net0 7 7 581 Earnings Before Interest And Taxes(1,249)(594)(1,036)(4,219)Interest Expense1 1 1 (101)Income Before Tax(1,250)(595)(1,037)(4,119)Income Tax Expense - - - - Minority Interest - - - - Net Income From Continuing Ops(1,250)(595)(1,037)(4,119)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
EESTECH, INC. Files SEC form 8-K, Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Item 5.02(b) Resignation of Chief Financial Officer On January 13, 2009, EESTech Inc.'s (the "Corporation") directors accepted the resignation of Ian Lindsay Hutcheson as the Corporation's Chief Financial Officer. The resignation is effective January 16, 2009. Mr. Hutcheson has offered to remain the Company Secretary and this has been accepted by the Board. In the interim, pending the Board identifying and appointing a replacement, the Corporation's current Chief Executive Officer, Murray Bailey, will undertake the responsibilities of the position of Chief Financial Officer. Item 5.02(c) Appointment of Interim Chief Financial Officer On January 13, 2009, the Corporation's board of directors appointed Mr. Murray Bailey as the Corporation's interim Chief Financial Officer, to be effective as of January 16, 2009. This position will be held concurrent with his position as Chief Executive Officer, and shall continue until the board finds a replacement for Mr. Hutcheson. The information contained in the Corporation's Form 10-KSB for the period ended December 31, 2007 filed with the Securities and Exchange Commission on March 31, 2008 concerning Mr. Bailey's age, familial relationships, business experience, and positions held with the Corporation is incorporated herein by reference. Other than payments made to Mr. Bailey pursuant to the Bailey Agreement (as defined below), since the beginning of the Corporation's last fiscal year, Mr. Bailey has not had any past and is not a party to any pending transactions that exceeded or will exceed USD 120,000 in which the Corporation also was or is to be a participant. Item 5.02(e) Consultancy Agreements On May 2, 2007, the Corporation entered into a Consultancy Agreement with each of Australia Corporation Consulting Pt...Click here to read the whole Article (external link)
EESTECH, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)