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EMCTech is the successor to EquivalencyTech and EMC2 and acts as a 'merger' of both addons including fixes for the problems that were present in both.
A more detailed description of mechanics and EMC can be found on my wiki here
This addon lets you dematerialize any valid items into EMC. EMC is a form of currency that is tied to the player and can be used to form new items using a Materializer.
There are 5 tiers of both Materializer and Dematerializer which increasingly difficult crafting recipes. Each tier has a higher power capacity which, in turn, allows for a wider variety of items to be run through them.
An item must be 'learned' before you can Materialize it. This is a simple process as items are automatically learned the first time you dematerialize them.