Pink Sheets: EESTech, Inc. (EESH) news stock charts
EESTech, Inc. (EESH/EESH.PK) Penny Investment Summary:
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)
Snapshot of EESTECH INC (EESH)
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OPEN
$0.09
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PREVIOUS CLOSE
$0.09
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DAY HIGH
$0.09
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DAY LOW
$0.09
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52 WEEK HIGH
05/7/09 - $0.18
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52 WEEK LOW
04/24/09 - $0.05
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MARKET CAP
3.8M
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AVERAGE VOLUME 10 D
1.5K
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EPS TTM
$-0.26
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SHARES OUTSTANDING
41.9M
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EESH Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
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.
EESTech, Inc. financial resources
EESH Competitors
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| No competitor information is available for EESH. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | EESH | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 1.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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EESH |
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EESH transactions
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| No transactions in the last 6 months. | ||