HOUSTON, Nov. 14, 2014 (GLOBE NEWSWIRE) -- Synthesis Energy Systems, Inc. (SES) (Nasdaq:SYMX), a global energy and gasification technology company enabling growth with blue skies via clean, economic and sustainable high-value energy and chemical products from multiple feedstocks, announces that the "Platts Energy Week" TV program on Sunday, November 16, is scheduled to include an interview with SES' President and CEO, Robert Rigdon. In the six-minute segment, Mr. Rigdon shares his insights and views with Host Bill Loveless, following the raft of agreements that the U.S. and China unveiled on November 12 at the Asia Pacific Economic Cooperation (APEC) summit, and which included ambitious new targets to cut pollution and bring clean skies to China. The segment, produced by WUSA 9, the CBS affiliate in Washington D.C., is scheduled to air at 8:00 a.m. EST on Sunday, November 16 on that station and various PBS stations across the nation, including KUHT, in Houston. Check local PBS stations for listings. Mr. Rigdon's interview will also be available globally online at www.PlattsTV.com.
Mr. Rigdon and additional SES leadership have extensive and long-standing experience and relationships in China and throughout the world. The company's advanced SES Gasification Technology is commercially proven to cleanly and economically convert numerous feedstocks, including China's abundant low-grade lignite coal, into high value end products such as power, DRI steel, transportation fuels, industrial chemicals, fertilizers and synthetic natural gas. SES currently has two clean energy syngas-to-methanol joint venture plants operating in China, in Shandong and Henan provinces, with a pipeline of prospective customer projects in development. SES launched operations of Jiangsu Tianwo-SES Clean Energy Technologies (TSEC), its China joint venture with one of China's leading industrial machinery companies, Zhangjiagang Chemical Machinery Company, to jointly bring clean energy gasification to China and additional Asian markets, in April 2014. SES and GE announced their joint marketing collaboration for distributed power projects in April 2013, and SES and Midrex Technologies announced their joint marketing agreement in May 2014 for direct reduced iron (DRI) steel production plants. Both power and DRI steel businesses would utilize SES' ability to convert low grade coals and biomass into clean synthesis gas for fueling GE's advanced LM2500G4 turbines and for Midrex's cleaner steel-making technology, MXCOL™. SES recently unveiled its state-of-the-art high pressure XL3000 gasification system at the 2014 Gasification Technologies Conference.
China is one of many industrializing and developing regions that have vast quantities of domestic low quality coal. SES' technology gives China and other countries the ability to cleanly and economically open up vast low-cost indigenous coal resources, to address huge and growing demand for energy and chemicals products with its clean gasification energy platform that enables growth with blue skies.
About Synthesis Energy Systems, Inc.
Synthesis Energy Systems (SES) is a Houston-based technology company focused on bringing clean high-value energy to developing countries from low-cost and low-grade coal and biomass through its proprietary gasification technology based upon U-Gas®, licensed from the Gas Technology Institute. The SES Gasification Technology enables greater fuel flexibility for both large-scale and efficient small- to medium-scale operations close to fuel sources. Fuel sources include low-rank, low-cost high ash, high moisture coals, which are significantly cheaper than higher grade coals, many coal waste products, and biomass feedstocks. For more information, please visit: www.synthesisenergy.com
Forward-Looking Statements
This press release includes "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, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the ability of our ZZ joint venture to effectively operate XE's methanol plant and produce methanol; the ability of our project with Yima to produce earnings and pay dividends; our ability to develop and expand business of the ZCM joint venture in the joint venture territory; our ability to develop the SES power business unit and marketing arrangement with GE and our other business verticals, including DRI steel, through our marketing arrangement with Midrex Technologies, and renewables; our ability to successfully develop the SES licensing business; our ability to reduce operating costs; our ability to make distributions and repatriate earnings from our Chinese operations; our limited history, and viability of our technology; commodity prices, and the availability and terms of financing; our ability to obtain the necessary approvals and permits for future projects; our ability to raise additional capital, if any, and our ability to estimate the sufficiency of existing capital resources; the sufficiency of internal controls and procedures; and our results of operations in countries outside of the U.S., where we are continuing to pursue and develop projects. Although SES believes that in making such forward-looking statements our expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected by us. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.
MDC Group
Investor Relations:
David Castaneda
Arsen Mugurdumov
414.351.9758
IR@synthesisenergy.com
Media Relations:
Susan Roush
747.222.7012
PR@synthesisenergy.com