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Synthesis Energy Systems and GE to Jointly Market SES Gasification and GE Aeroderivative Gas Turbine Technologies for Small

  Synthesis Energy Systems and GE to Jointly Market SES Gasification and GE
   Aeroderivative Gas Turbine Technologies for Small Scale Power Generation
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PR Newswire

HOUSTON, April 2, 2013

HOUSTON, April 2, 2013 /PRNewswire/ -- Synthesis Energy Systems, Inc. ("SES")
(Nasdaq: SYMX), a global energy and gasification technology company, and GE
Packaged Power, Inc., a subsidiary of General Electric Company ("GE") have
agreed to jointly evaluate and market a small scale power generation unit
combining SES' gasification technology with GE's aeroderivative gas turbines.
This application marketing agreement will focus on regions of the world where
conversion of non-conventional feedstock sources such as lignite and coal
wastes into synthesis gas fuel via SES' technology may be advantaged over
conventional gas turbine fuel sources such as natural gas and fuel oil.

For the past 12 months, SES and GE have completed a preliminary evaluation of
this application of their combined technologies. Under the terms of this
agreement, the two businesses on a non-exclusive basis will complete the
market evaluation and seek initial customers for this small scale power
product. GE's fuel-flexible LM-2500+G4 aeroderivative gas turbines are
ideally suited for utilizing the syngas fuel from SES's advanced fluidized bed
gasification technology. SES' proven technology efficiently converts coals
and other solid fuels, including inexpensive ultra-low quality coals, coal
wastes and refuse derived fuels into a synthesis gas. GE's LM-2500+G4 gas
turbines can produce reliable and cost efficient power for smaller scale
projects generating 50 to 100MW.

Darryl Wilson, president and CEO, Aeroderivative Gas Turbines for GE Power &
Water, said, "We look forward to continuing our work with SES to evaluate the
opportunity to jointly implement our respective technologies to help companies
take advantage of syngas for distributed power generation. The LM2500+G4
turbine, with its flexibility to operate on a variety of gaseous fuel types
including syngas produced from low quality solid fuels, is the ideal engine
choice for this type of power plant design."

"SES' technology is uniquely well-suited for a wide range of fuels and can
produce a syngas suitable for fueling GE's aeroderivative LM2500+G4 turbine.
Based on our initial work together, we are excited about the prospects for a
replicable and cost effective small scale power unit using unconventional
fuels. This opportunity fits well into our model of developing valuable and
low capital business verticals around key segments in which we can deliver our
technology product including design, equipment, and services," said Robert
Rigdon, president and CEO of SES.

About Synthesis Energy Systems, Inc.

SES provides technology, equipment and engineering services for the conversion
of low rank, low cost coal and biomass feedstocks into energy and chemical
products. Its strategy is to create value through providing technology and
equipment in regions where low rank coals and biomass feedstocks can be
profitably converted into high value products through its proprietary U-GAS^®
fluidized bed gasification technology, which SES licenses from the Gas
Technology Institute. U-GAS® gasifies coal cost effectively, without many of
the harmful emissions normally associated with coal combustion plants. The
primary advantages of U-GAS® relative to other gasification technologies are
(a) greater fuel flexibility provided by the ability of SES to use all ranks
of coal (including low rank, high ash and high moisture coals, which are
significantly cheaper than higher grade coals), many coal waste products and
biomass feed stocks; and (b) the ability of SES to operate efficiently on a
smaller scale, which enables the construction of plants more quickly, at a
lower capital cost, and, in many cases, in closer proximity to coal sources.
SES currently has offices in Houston, Texas, and Shanghai, China. For more
information on SES, visit www.synthesisenergy.com or call (713) 579-0600.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

About GE Power & Water

GE Power & Water provides customers with a broad array of power generation,
energy delivery and water process technologies to solve their challenges
locally. Power & Water works in all areas of the energy industry including
renewable resources such as wind and solar, biogas and alternative fuels; and
coal, oil, natural gas and nuclear energy. The business also develops advanced
technologies to help solve the world's most complex challenges related to
water availability and quality. Power & Water's six business units include
Distributed Power, Nuclear Energy, Power Generation Services, Renewable
Energy, Thermal Products and Water & Process Technologies. Headquartered in
Schenectady, N.Y., Power & Water is GE's largest industrial business.

Follow GE Power & Water on Twitter @GE_PowerWater

SES 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 early stage of development of SES, its
estimate of the sufficiency of existing capital sources, its ability to
successfully develop its licensing business, its ability to raise additional
capital to fund cash requirements for future investments and operations
including its China platform initiative, its ability to reduce operating
costs, the limited history and viability of its technology, commodity prices
and the availability and terms of financing opportunities, its results of
operations in foreign countries, its ability to diversify, its ability to
complete the restructuring of the ZZ Joint Venture, its ability to obtain the
necessary approvals and permits for its future projects, the estimated
timetables for achieving mechanical completion and commencing commercial
operations for the Yima project as well as the ability of the Yima project to
produce revenues and earnings, the sufficiency of internal controls and
procedures and the ability of SES to effect the ZJX/China Energy transaction
and the Hongye and Zhongmo transactions, grow its business and generate
revenues and earnings as a result of its proposed China and India platform
initiatives, as well as its joint venture with Midas Resource Partners.
Although SES believes that in making such forward-looking statements its
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. SES cannot assure you that the
assumptions upon which these statements are based will prove to have been
correct.

Important Notice from SES

In connection with the proposed ZJX/China Energy transaction, SES has filed a
preliminary proxy statement, and intends to file a definitive proxy statement,
with the SEC and intends to mail the definitive proxy statement to the
stockholders of SES. SES and its directors and officers may be deemed to be
participants in the solicitation of proxies from the stockholders of SES in
connection with the transaction. Information about the transaction is set
forth in the preliminary proxy statement filed, and will be set forth in the
definitive proxy statement to be filed by SES with the SEC.

You may obtain the preliminary statement and, when available, the definitive
proxy statement, for free by visiting EDGAR on the SEC website at www.sec.gov.
Investors should read the definitive proxy statement carefully before making
any voting or investment decision because that document will contain important
information.

SOURCE Synthesis Energy Systems, Inc.

Website: http://www.synthesisenergy.com
Contact: Kevin Kelly, Chief Accounting Officer, Synthesis Energy Systems,
Inc., +1-713-579-0600, kevin.kelly@synthesisenergy.com ; Matthew D. Haines,
Managing Director, MBS Value Partners, LLC (SES Investor Relations),
+1-212-710-9686, matt.haines@mbsvalue.com ; Richard Anderson, Senior Managing
Director, Feintuch Communications (SES Public Relations), +1-718-986-1596,
ses@feintuchpr.com ; Rick Goins (GE Power & Water Communications), GE Power &
Water, +1-281-740-1422, richard.goins@ge.com
 
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