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EESTech, Inc. Announces Heads of Agreement with Tetronics International
EESTech, Inc. Announces Heads of Agreement with Tetronics International.
About this update from Eestech, Inc.
[{"type":"text","content":"\n\n\n\nEESTech, Inc. Announces Heads of Agreement with Tetronics International\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 Tetronics International\nPR Newswire\nNEWCASTLE, Del., Feb. 24, 2020\n\n\n\nNEWCASTLE, Del., Feb. 24, 2020 /PRNewswire/ -- EESTech Inc, 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). \nTetronics International is recognised as a world leader in Direct Current (DC) plasma arc process systems. Tetronics was established in 1964 to develop industrial and metallurgical applications for high temperature DC Plasma Arc technology.  With over 50 years of experience, Tetronics has developed an established reputation for producing high quality clean plasma heating technologies, with 127 patents either granted or pending.\nEESTech's CEO Murray Bailey said, \"the signing of this Agreement brings together a world leader in DC Plasma Arc technology (Tetronics) with a world leader in induction furnace technology (Inductotherm).\nBoth companies have exclusive supply agreements with EESTech for the collaborative development and production of the IRF for all future commercial applications\".\nThe IRF design represents a 'first of a kind' minerals processing furnace that enables the high efficiency of DC Plasma Arc and Induction furnace technology to be used for the primary smelting of non-conductive feed materials. The IRF has the potential to revolutionise the world's foundry and metal casting industries. \nTetronics CEO Graeme Rumbol said \"Tetronics sees the combination of these two established melting technologies will deliver significant positive synergies and performance upside. The induction-based benefits, of through-heating and stirring will be complemented by the ability of plasma to add direct high intensity clean heat to the co...