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EESTech, Inc. announces Heads of Agreement with Inductotherm Corp.
EESTech, Inc. announces Heads of Agreement with Inductotherm Corp..
About this update from Eestech, Inc.
[{"type":"text","content":"\n\n\n\nEESTech, Inc. announces Heads of Agreement with Inductotherm Corp.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEESTech, Inc. announces Heads of Agreement with Inductotherm Corp.\nPR Newswire\nNEW CASTLE, Del., Feb. 19, 2020\n\n\n\nNEW CASTLE, Del., Feb. 19, 2020 /PRNewswire/ -- EESTech Inc (OTC: EESH), publicly traded on the US OTC markets, is a specialist in the provision of reclamation and remediation services to the world's mining and minerals processing industries. EESTech has developed a patent pending design breakthrough in primary smelting furnace technology known as the IRF (Induction Reduction Furnace). \nInductotherm Corp. founded in 1953, is the world's leader in the development and supply of induction furnace equipment and related services, with 38 manufacturing facilities located in 18 countries and over 36,500 systems in applications around the world. \nEESTech's CEO Murray Bailey said, \"the signing of this Agreement marks a significant milestone for the company and represents an exclusive supply agreement for Inductotherm and a strong technology partner for EESTech.\"\nThe IRF incorporates an ultra-high temperature Plasma field over an induction furnace body to significantly reduce the cost of smelting, requiring up to 40% less energy than traditional electric arc or blast furnaces and achieving up to 99% recovery of metal from non-conductive metal oxides. The IRF's increased process performance and dramatic reduction in power consumption, significantly reducing the carbon footprint of primary smelting, positions the IRF as an Economically Environmentally Sustainable Technology.\nMr Robert Keshecki, International Sales Manager of Inductotherm said, \"EESTech's integration of these two established furnace technologies (plasma and induction) will provide substantial benefits and efficiencies for the foundry industry. The IRF will have the unique ability to smelt and melt concentrates into primary metals and alloys at efficiency rates never seen before in the industry.\"\nThe IRF represents a 'paradigm shift' in primary smelting technology, ...