Ethanex Energy, Inc. (OTCBB: EHNX), a renewable energy company whose mission is to become the ethanol industry's low-cost producer, today announced that it has named Delta-T Corporation (www.deltatcorp.com) its ethanol process technology provider. In addition to providing its best of breed technology to Ethanex's currently announced projects including Ethanex at SEMO, Ethanex Southern Illinois and Ethanex NE Kansas, Delta-T has committed to support the Company's greater program to become the industries low cost producer both in the United States and in Europe.
Throughout its twenty-two year history Delta-T has demonstrated a continued commitment to innovation and integration of next generation technologies which have significantly contributed to the fuel ethanol industry. Delta-T will provide Ethanex with proprietary technology licenses, basic plant design, equipment, operator training and startup services.
"Delta-T's corporate culture of innovation makes it an ideal partner for Ethanex and the integration of the two companies' respective technologies will create the industry's most advanced ethanol production facilities," stated Al Knapp, President and Chief Executive Officer of Ethanex. "Delta-T's recognition that cookie-cutter plants will lag the market is an affirmation of the principles underlying our business model."
"I am excited about my Company's association with Ethanex Energy," stated CEO and Delta-T founder Bibb Swain. "Al Knapp has been an important leader within the ethanol industry and the pursuit of a low cost model through the application of next generation technologies will ensure Ethanex's success."
About Delta-T Corporation
Headquartered in Williamsburg, VA, Delta-T is a design-build firm that provides alcohol plants, systems, and services to the fuel, beverage, industrial, and pharmaceutical markets. Delta-T is known for pioneering many of the recent innovations currently in use by the newest generation of ethanol plants, including the commercialization of molecular sieve dehydration, zero discharge of process wastewater, and more efficient refining and purification systems to produce high quality alcohols. After two decades of innovation, Delta-T has provided alcohol production, dehydration, and purification solutions to more than 120 clients worldwide.
About Ethanex Energy, Inc.
Ethanex Energy, Inc. is a renewable energy company whose mission is to become the ethanol industry's low-cost producer. The Company expects to achieve this industry position through the application of next-generation feedstock technologies and use of alternative energy sources. Ethanex Energy is currently developing three ethanol production facilities located in the Midwest, with a combined production capacity of approximately 300 million gallons of ethanol per year. The Company expects these three plants to be operational in 2008. Ethanex Energy is concentrating its geographic focus in areas that allow access to abundant supplies of corn, alternative energy sources, transportation infrastructure and the potential for expedited permitting. Ethanex Energy's acquisition and brownfield development strategies afford it rapid capacity development with significant operating cost advantages. The Company's senior management has over eighty years of experience in the energy sector including the design, construction and operation of hundreds of power generation facilities. Ethanex Energy is based in Basehor, Kansas with offices in Santa Rosa, California and Charleston, South Carolina. For more information about Ethanex Energy, visit www.ethanexenergy.com.
Forward-Looking Statements
This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the Company's ability to exploit ethanol development and production opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our inability to generate sufficient operating cash flow to construct and adequately maintain our production facilities and service our anticipated debt, commodity pricing, environmental risks and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on September 6, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.
