EESTech, Inc. announces Heads of Agreement with Inductotherm Corp.
EESTech has developed a patent pending design breakthrough in primary smelting furnace technology known as the IRF (Induction Reduction Furnace).
- EESTech has developed a patent pending design breakthrough in primary smelting furnace technology known as the IRF (Induction Reduction Furnace).
- EESTech'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."
- Under the terms of Agreement, Samancor Chrome will purchase all Ferrochrome metal recovered by EESTech that meets agreed specifications.
- The forward-looking statements are based on current expectations and neither the Company nor its management assumes any obligation to update these statements.