Watch for some PRs to come out from this company. This stock should move on good news, eg./ multiple sales in Brazil or Prince George, B.C.
Posted by Junky on :
From The City of Prince George Online Agenda for January 22, 2007.
"A Bylaw to authorize the borrowing of funds for the estimated cost of various projects under sewer funds.
WHEREAS it is deemed desirable and expedient to underake various projects under sewer funds;
AND WHEREAS the estimated cost of the various projects, including expenses incidental thereto, is the sum of seven hundred and twenty thousand dollars ($720,000), which is the amount of debt intended to be created by this Bylaw;
NOW THEREFORE the Council of the City of Prince George, in open meeting aseembled, ENACTS AS FOLLOWS:
1. The Council is hereby empowered and authorized to undertake and carry out or cause to be carried out the Waste Water Treatment Centre Micronex, generally in accordance with the plans on file in the municipal office, and to do all things necessary in connections therewith and without limiting the generality of the foregoing:
a)To borrow upon the credit of the Municipality a sum not exceeding six hundred thousand and fifty dollars ($650,000); and
b) To acquire all such real property, easements, rights-of way, licenses, rights or authrorities as may be requisite or desirable for or in connection with the Waste Water Treatment Centre Micronex."
--- My words: (Summary of page 158)
This bylaw passed unanimously in the city council's regular meeting, along with other bylaws for borrowing money. The Ministry of Community Services later rejected the bylaws because the terms of which did not jive with a change in the interpretation of the Community Charter. No specifics were discussed, but the proposed bylaws have been amended and were to be voted on January 22, 2007. I don't know the results of that vote. I can only assume it would have passed again like it did the first time. GLTA in this issue.
Posted by Junky on :
Below is the relevant PR to this information. It looks like after all this time (and testing) the City of Prince George is ready to pony up the dough to buy at least one KDS Micronex unit.
Monday October 31, 6:30 am ET, 2005
First American Scientific Corp (FASC - OTCBB) signs agreement with the City of Prince George to install KDS Micronex equipment for processing sewage sludge at their wastewater treatment facility
VANCOUVER, Oct. 31 /PRNewswire-FirstCall/ - Brian Nichols, President of First American Scientific Corp. (FASC) announced today the signing of an MOU with the city of Prince George, BC, Canada to assist in solving its environmental cleanup problems with sewage sludge using the KDS Micronex system. "This will be the first operation of its kind in the world, says David Dungate, FASC's VP of marketing, where the strictly regulated Class B municipal sludge can now be cleaned, bagged and profitably sold to the public as a soil amendment." The initial runs will be monitored for three months, and if satisfactory, the city plans to establish a permanent facility utilizing up to 4 micronizers.
According to Dayton & Knight, the city's consulting engineers, "the series of tests undertaken this summer 2005 at FASC's Vancouver demonstration site confirmed the ability of the KDS Micronex to consistently convert Class "B" biosolids to Class "A" biosolids and achieved an effective pathogen destruction rate of 99.9 % in all test samples"
FASC believes the KDS Micronex could become the preferred universal solution for handling Class B sludge by converting municipal waste into a valuable resource. With the successful showcase of our system's ability in Prince George, Canada, we could see our system in use all across the developing world.
There are approximately 15,000 municipal wastewater treatment plants in North America alone that process almost 34 billion gallons of domestic sewage and other wastewater each day. In Asia and Europe the markets are even larger, and FASC is well poised to service those markets through its established network of licensees and affiliates in the U.K., Poland, the USA, Canada, Malaysia, and Japan.
It's time to start considering this one again. Recent volume spikes have set off some alarms...
Ridiculously oversold at .016. A very recent 10-Q filing from 2/12 indicated an o/s of 193,793,955- up only 4 million shares from the September 2006 10-K filing.
I have played this in the past earlier this year in September when it was oversold at .035 and flipped out of it at around .05. Given that relatively little dilution has occured since that time, .016 seems like an absolute bargain. I would imagine that there would be some initial reistance at .02 and .022. The 50 dma is about .029.
It would not surprise me to see it try and test .04 again, but I would expect some profit taking to occur before that happens. But you never know in the wild world of OTCBB land...
Also working in their favor is that this is a legitimate company with a quick ratio of about 1.4:1- selling off that KDS technology of theirs generates some fairly significant revenues for their company
Addition Info: First American Scientific Corp ( OTCBB: FASC ): First American Scientific Corporation (FASC) is an innovative equipment manufacturer and provider of turn-key systems that increase profitability and reduce the environmental impact of materials processing. In addition to its micronizing/particle-reduction capabilities in the mining industry, the patented KDS also acts as a moisture-reducer and a pathogen-killer for use in biomass waste. This combination of characteristics together make the KDS a very unique piece of equipment in this industry.
Posted by Junky on :
Two months later and it is still the same price. I am looking forward to hearing what Dayton & Knight and the City of Prince George had to say about the Micronex Process at the annual British Columbia Water and Waste Association (and the KDS Micronex' ability to convert biosolids during waste water treatment into a class A biosolids.)
If a solid company like Dayton & Knight take an interest in the KDS Micronex as a waste water treatment option, this stock could really see some exciting days in the future. First things first though is seeing the City of Prince George approve the funding for the Waste Water Centre Micronex.
Public Hearings
NOTICE IS HEREBY GIVEN that, pursuant to “General Loan Authorization Bylaw No. 7922, 2006”, “Sewer Loan Authorization Bylaw No. 7923, 2006”, and “Water Loan Authorization Bylaw No. 7924, 2006” Council of the City of Prince George intends, to undertake the projects as outlined below:
<snip>
“Sewer Loan Authorization Bylaw No. 7923, 2006”
1. a. To borrow upon the credit of the Municipality a sum not exceeding six hundred and fifty thousand dollars ($650 000); and b. To acquire all such real property, easements, rights-of-way, licenses, rights or authorities as may be requisite or desirable for or in connection with the Waste Water Treatment Centre Micronex.
2. a. To borrow upon the credit of the Municipality a sum not exceeding seventy thousand dollars ($70 000); and b. To acquire all such real property, easements, rights-of-way, licenses, rights or authorities as may be requisite or desirable for or in connection with the Waste Water Treatment Centre Asset Management Plan.
AND that to finance the said work, Council intends to borrow by way of debenture, when required, a sum not exceeding $720,000.00 (seven hundred and twenty thousand dollars) repayable not later than twenty years from the date of issue of such debentures;
<snip>
AND that the maximum term for which debentures may be issued to secure the debt created by these bylaws is twenty (20) years;
AND that Council may adopt the aforementioned bylaws unless within thirty days of the second and last newspaper publication of this Notice, at least 10% (ten per cent) of the electors petition the Council to submit the said bylaw to the electors for assent;
AND that an Alternate Approval Process form is available on request at the Service Centre, First Floor, City Hall, 1100 Patricia Boulevard, Prince George, BC;
AND that the only people entitled to sign the Alternate Approval Process Form in regard to the above mentioned bylaw are electors of the City of Prince George;
AND that the deadline for the submission of the Alternate Approval Process Form is established as 5:00 p.m. on Tuesday, May 14, 2007. Submissions are to be made at either the Service Centre, First Floor, or at the Office of the City Clerk, Fifth Floor, of City Hall, 1100 Patricia Boulevard, Prince George, BC;
AND that 10% (ten per cent) of the electors is estimated to be 5535.
AND that this is the 2nd of two postings of this notice.
DATED this the 13th day of April, 2007.
Jane Radloff Deputy City Clerk City of Prince George
2:20 – 2:55 pm Pilot Testing of the Micronex System to Produce a Class A Biosolids Presenting Author(s): Marco Fornari, City of Prince George and John Boyle, P.Eng.,Dayton & Knight Ltd
Other Author(s): Norm Gobbi, A.Sc.T., City of Prince George and Babak Rezania, Ph.D., E.I.T., Dayton & Knight Ltd., Sundar Narayan, Ph.D., P.Eng. and David Dungate, M.Eng., both from First American Scientific Corporation
This paper presents the findings of a full scale pilot study to assess the feasibility of using the Micronex system to produce a Class A Biosolids.
The Micronex system consists of a rotating mechanism inside a vertical cylinder through which dewatered biosolids are passed. Temperatures inside the cylinder are high enough to produce a Class A Biosolids in a relatively short time. The Micronex process is not presently recognized as a Class A process under the Municipal Sewage Regulation. As part of the acceptance protocol, the Ministry of Environment requires that additional testing occur by spiking samples entering the Micronex unit with ascaris eggs and with the polio virus.
The paper documents the pilot study process and the results from the spike testing work. Analyses of the spiked data were carried out by Kari Kitzmorris, Sc.D., MSPH, Assistant Professor at Georgia Southern University and Janie Liotta, B.S. from the Parasitology Laboratory at Cornell University in Ithica, New York, under the direction of Bob Reimers, Ph.D., QEP, Professor from Tulane University in New Orleans. The City of Prince George retained Ron Thring, Ph.D., P.Eng., Chair, Chemistry, Environmental Science and Environmental Engineering Programs, from the University of Northern British Columbia to carry out an independent review of the pilot test work. Tests to date indicate that the Micronex system can consistently produce a Class A Biosolids. The economical feasibility of the system is currently being assessed.
-------------------------------------------
From I-Hub:
Re: KDS presentation to BCWWA of April 24th.....
To: contact*bcwwa.org Subject: 2007 Annual Conference Technical Presentations
Can you please tell me when you will be putting up the technical presentation pdf files from the recently completed annual conference?
Thanks for your email - I hope to have the sessions put up on our website by early next week. They will be found on our Annual Conference & Trade Show page: http://www.bcwwa.org/AGM/index.php Posted by Lockman on :
With some volume this could take off. jmo
Posted by Junky on :
Something is happening on the Malaysia front. I wish the company were not so tight lipped about what they were up to these days. Oh well, if they are able to make this company a success and the PPS takes off, I'll praise them and their secretive ways. I found this at I-Hub.
First American Scie- ntific Corp.(M) S.B. No. 6, Jln. TK 1/11B Taman Kinrara Seksyen 1, Puchong Selangor Darul Ehsan Tel : 03-80769930 Fax : 03-80769931
Kluang Johor Darul Takzim
KDS micronex system, modules & parts thereof.
50.0 - USA
Note: N-New Project
Posted by Junky on :
For a little background on the company, FASC did have a KDS Micronex machine installed at a renewable energy co-generation powerplant in Malaysia. Because payment was not forthcoming, FASC re-couped it's KDS machine, and it was sold to Nutritech Solutions in B.C., which is an animal feed company, where it was to be used (and I'd have to assume is still used) to grind fish offal into an animal feed. Below is the relevant PR to the Malaysia effort. I have bolded the parts I found to be of particular interest.
NEWS RELEASE - June 20, 2005
First American Scientific Corp (FASC - OTCBB) announces sale and installation of the KDS Micronex MF - 777 at first biomass co-generation power plant in Malaysia.
KUALA LUMPUR, Malaysia, June 20 /PRNewswire-FirstCall/ - First American Scientific Corp. (FASC) announced today that the first of its new model KDS - MF 777 which was designed and fabricated by its Malaysian subsidiary for the palm oil industry, has been successfully installed and is in full operation at the first ever renewable green energy co-generation power plant to be connected to the power grid in Malaysia. The 14 megawatt TSH Biomass power plant in Kunak, Sabah, Malaysia, brought online in December 2004, operates continuously, 24 hours per day, 365 days per year generating electrical energy and steam for its palm oil operations with the KDS at its core. Please see pictures on our website www.fasc.net
According to Mr. Noel Wambeck, consulting engineer and partner in FASC - Malaysia (FASCM), "the addition of the MF-777 plays an integral role in the preparation of biomass as fuel and is responsible for a 30 % increase in efficiency of the power plant's operation. A total of three (3) KDS MF-777 systems will be purchased for this location, and three more are to be purchased by its sister plant in East Malaysia. The MF - 777 model, which processes seven (7) metric tons of biomass per hour, is an up-scaled version of the KDS250 which has been adapted for use specifically in the palm oil industry."
In Malaysia, the palm oil industry generates an over abundance of readily available waste biomass in the form of empty fruit bunches (EFB), shells and fibre. The Government's Small Renewable Energy Power (SREP) programs are now supporting the creation of 500 megawatts of new green power over the next 5 years. The KDS MF-777 has proven to be a critical factor in making this process economically feasible and FASCM has identified 58 prime palm oil operations suitable for conversion to green power by recycling their own waste biomass.
FASCM expects to install 30 similar systems within the next 5 years in Malaysia alone. Other high potential markets, such as Indonesia and neighboring countries will also be the focus of FASCM marketing efforts. All machinery for these markets will be manufactured in house by FASCM, significantly enhancing profitability and the ability to deliver quality products to the region.
According to Brian Nichols, President of FASC "the success achieved today in Malaysia is just the beginning of many more biomass cogeneration projects to come, not only in Southeast Asia, but worldwide. This first installation will become the showcase for our technology proving once and for all that the KDS holds the key to successfully recycling biomass for green power generation."
First American Scientific Corp Malaysia Sdn. Bhd., the exclusive licensee for FASC in Malaysia, Singapore, Thailand and Indonesia, is owned 50 % by FASC. The new technology MF-777 (patents pending) is owned 100 % by FASC and will be utilized in its operations worldwide.
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS
C. Kantonen, Chairman FASC.OB Web Site: www.fasc.net Call Corporate Communications Toll Free: 1-800-561-8656
Posted by Junky on :
Watch this one.
Posted by wdcisco on :
quote:Originally posted by Junky: Watch this one.
Volume was huge, looks like a gainer Junky.
Posted by wdcisco on :
I got in at a penny today.
Posted by wdcisco on :
I got in at .01 even yesterday...NOW its 0.14 x.015.......
Damn I love penny stocks.
Posted by Junky on :
NOW it's .0185 X .0195
Posted by wdcisco on :
Yeah, I have made 90% so far...not bad...I plan on getting at the next .01 even too.
Posted by Junky on :
quote:Originally posted by wdcisco: I plan on getting at the next .01 even too.
I'm not following you.
Posted by wdcisco on :
Next time it hits 0.1000 I am getting in (again)...of course after I flip the ones I have now.
Do you follow?
-wdcisco Posted by Junky on :
Okay, I gotcha.
I don't think it will hit 1 cent again though.
Posted by wdcisco on :
I hope your right Junky... Posted by Junky on :
Bank on it Posted by Junky on :
Hey check out this post by wdcisco! Does it mean something special to be an A+ stock on these guys' list??
http://investorshub.a dvfn/boards/read_msg.asp?message_id=24303766
Posted by wdcisco on :
I think so junky If it breaks .026 I am back in....for sure.
...by the way you gotaa check out CIRC.
Posted by Junky on :
quote:Originally posted by wdcisco: I think so junky If it breaks .026 I am back in....for sure.
...by the way you gotaa check out CIRC.
At a glance, it looks okay. You'll prolly make some bank. I don't invest in companies that make their POS products in Red China though.
Posted by Junky on :
It's funny too how they are using Evander Holyfield to huck their wares. The Real Deal couldn't put together a swing-set, why he appeals to consumers as a pitch-man is beyond me.
He seems like a nice enough guy. Stupid, but nice. If he didn't sell out to the Chinese I'd wish him well in this endeavour.
Just so ya know cicso, I like to invest in companies that will benefit mankind, not just put my money into anything that will make a buck.
Check out RGUS/REGRF.
Posted by wdcisco on :
Yeah I got out of FASC...
Thats great that you invest in those kind of companies...To be honest with you I hadn't even thought about it that way...
For now I am in the stock market "to make a quick buck"...but in the future as my moneys become more abundant I will definently invest in companys like rgus and regrf...
RGUS AND REGRF look like they have great potential...and benefit mankind hmmm...Are they the same company?! Cheers, Alex
Posted by Junky on :
RGUS = U.S. rights to the RadMax tech
REGRF = worldwide - U.S. rights to the RadMax tech w/ 6% ownership in RGUS
I own mostly RRE.V (Canadian equivalent of REGRF), but wish I had more RGUS like I used to
This stock is gonna ride once that new pump (mechanical) is approved...
I will DEFINENTLY put this on the top of my watch list...Thanks for sharing that Junky. ................AND.................. You should really check out CMMI if you want a quick buck and something that is good for mankind (biodiesel)...Check her out on ihub...IMO get in tommorrow on a dip or something...Should run very nicely the next couple days..
Chart courtesy of Chevdawg18... "Check out the TRIX (Bottom indicator on the bottom chart) and see look what happend the last time it crossed and it is fixing to cross yet again right here."
Good Luck! -Alex
Posted by Junky on :
Thx cicso I'll def check it out. ez
Posted by wdcisco on :
Heading toward energy independence, pellet by pellet
By Scott Tedrick Staff Writer Published: Thursday, November 1, 2007 4:12 PM CDT
There is the sense that there is an enormous opportunity for local communities and businesses alike to formulate a mutually ideal future stemming from the wave of change derived from renewable energy.
With the outlook that clean renewable energy can be harvested locally, used internally, and sold externally -- entities in rural MN are working diligently to figure out how to make it all work.
The Minnesota Valley Alfalfa Producers (MnVAP) co-op in Priam is one of such companies.
Founded in 1994, MnVAP, the largest alfalfa cooperative in the United States, is hoping to branch out from its traditional practice of alfalfa and beet pulp pelletization in hopes of pelletizing bio-mass for energy.
Bio-mass is a plentiful substance in rural Minnesota. As simply organic matter that can be turned into fuel and combusted for energy, it is considered most anything sprouting from the soil.
The hope of the MnVAP is to pelletize excess bio-mass (that which does not have superior use as a food source or in restoring proper soil compositions) and to ship it to larger commercial operations such as a university or an ethanol producer, to use in heating their infrastructure or in providing energy to facilitate plant operations.
“We know that the bio-mass industry is set to explode, we want to be a part of that,” stated MnVAP General Manager Duane Hultgren.
A breakthrough
MnVAP has believed to have acquired a breakthrough in pelletization production through their purchase of a prototype Kinetic Disintegration System (KDS).
According to a MnVAP executive summary, the KDS technology was originally created for use in pulverizing ores and minerals.
Representatives of MnVAP traveled to Ontario, Canada to see the KDS in action and discovered that it was substantially superior to their existing machinery. Whereas the old infrastructure required separate operations for both the drying and compacting of material such as alfalfa, the KDS machine was able to dry and compress at once.
Hultgren stated that the KDS is much more efficient in that no natural gas is required to dry the material, it captures all dust, and there is a 20% reduction in electricity per ton. For perspective, MnVAP currently produces 40,000 tons of pelletized product per year.
With the KDS machine's obvious potential, the MnVAP co-op invited a number of politicians, DNR representatives, and members of the press to view the operation this past Friday so that MnVAP could state a case for assistance.
Posted by Junky on :
cont'd
In all, seven senators with their respective entourage, from regions urban, which included Energy and Community Development Chair, Senator Ellen Anderson (DFL-St.Paul), and regions rural, including, Energy Subdivision Chair Senator Gary Kubly (DFL-Granite Falls).
The ‘energy' climate
The largest roadblock thus far in this field of alternative-energy production is the economic viability.
With the ingrained infrastructure, abundant raw materials, and government subsidization, oil and coal are still, by far, the most common forms energy input. Similarly Corn ethanol and soy bio-diesel, largely through the lobbying of agricultural giant Archer Daniels Midland, has come to receive substantial government subsidies that have helped to create growing numbers of ethanol plants that utilize the abundance of corn and soy produced, in particular in quantities here in the Midwest.
The price of these fuels could change with initiative such as the 25/25 Minnesota energy Mandate that reflects the growing public awareness of the environmental impact of energy sources.
Along with conflict with oil rich nations, global warming concerns led Senator Anderson to state that she felt a carbon tax would be inevitable. “Anything we have introduced which is carbon neutral is going to be much more socially acceptable,” Anderson said in accordance with bio-mass.
The knock against corn has been on its perceived effect on the inflation of prices in other industries due to the loss of a food source and animal feed, as well as on its exorbitant use of water and often mass depletion of groundwater aquifers (the ethanol plant outside of Granite Falls now receives its water for operations from the Minnesota River).
A place for pellets?
With other energy sources showing higher costs, and companies like MnVAP figuring ways to lower the expense of production, the question is, how long will it be till there is a changing of the guard?
It depends. MnVAP, having attained a valuable resource in the KDS machine is now looking to work out the logistics to see if the numbers will work out, if at all.
By seeking a million dollars from Xcel Renewable Development grant, as well as just under a million dollars from an energy related USDA/DOE grant, the co-op wants to do on-site and on-farm research.
Research will involve the testing of various bio-mass combinations (with possible inputs such as corn silage and stovers, cattails, sorghum, millet, and municipal by-products to name a few) and KDS settings to find out what creates the most energy dense, viable, and environmentally friendly energies.
MnVAP is pairing with AURI (Agriculture Utilization Research Institute) to conduct their studies.
Leaving their mark
MnVAP president Keith Poier compared ‘the farm' to a scientific classroom and Hultgren emphasized that the hope of the company was to, “develop a footprint that can be replicated”.
Poier spoke on behalf of the company stating their intent for “productive conservation.” Poier outlined three components of development that makeup the idea, they are: economic, social, and environmental development.
With 140 members a part of the co-op throughout MN and over the borders of Iowa, North Dakota, and South Dakota, MnVAP members are aware of their potential for impact.
“It gives us an opportunity and responsibility to help develop communities in these areas,” stated Poier. Poier went on to state the importance of investment coming to locally based entities so that the benefits were not usurped outside of MN, he used the ethanol industry as an example. “We're losing our hold on ethanol. It is important for us to keep that hold if we ever get it in the bio-mass industry,” he said.
The company still has a ways to go, as the KDS technology has yet to go online as it awaits permitting from the Minnesota Pollution Control Agency. And MnVAP is also working hard to attain funds for research.
Regarding the lengthy permit process, senator Anderson pointed out that, “This equipment is going to be cleaner and more efficient; it is in everybody's interest to get it going.”
MnVAP is hoping that the same statement will be able to be applied to their biomass operation. __________________
Posted by Junky on :
Patent application mentioning KDS Micronex as possible shearing device for biomass meant for binding to coal.
Sawdust/coal should be good money somewhere.
KDS has so much potential. It won't make billions in any field but it has many fields. Watch it....
www.korea.co.kr website back up and running. They spell Investor as Invester..and it needs updating....But word is things have been resolved in Korea!!! Cal back in Vancouver tomorrow. Strong guess: PR coming. Hopefully more than just about Korea.
Posted by Junky on :
I smelled an MM shake yesterday... :0)
Posted by Junky on :
$1 million grant from Xcel Energy gives life to Priam producer’s biomass plans
Tom Cherveny West Central Tribune Published Saturday, December 08, 2007
PRIAM — Long-held aspirations by the Minnesota Valley Alfalfa Producers in Priam to create green energy on west central farms just got a $1 million boost.
Xcel Energy is awarding a $1 million grant to the farmer-owned cooperative to research its proposal to produce biomass fuel using a patented technology from Canada.
“We’re very excited,’’ said Duane Hultgren, MnVAP general manager, when contacted on Friday.
He said the company is pursuing a proposal that would convert a variety of agricultural products — such as corn stover or straw — into a pellet-form biomass fuel.
MnVAP has acquired patented technology from First American Scientific Corp of Vancouver, British Columbia. The technology is very energy efficient at “densification,’’ or converting biomass matter into pellet form.
The system uses less electricity to create pellets than other systems, and it requires no heat for drying the matter, said Hultgren. The company calls its product the KDS Micronex Reduction System, which it describes on its Web site as using extreme velocity impact mill technology to reduce material to very fine sizes.
MnVAP will research the feasibility of using any of 16 different biomass products from the farm and producing biomass pellets as a fuel for larger-scale burners.
Hultgren said there is a great deal of research needed. The grant will fund research to adapt the Canadian technology to the needs of biomass production in west central Minnesota.
Before any testing can begin, the company must obtain permits from the state. MnVAP is hoping that process can be completed by April, he added.
The grant award to MnVAP is one of 22 grants totaling nearly $23 million announced by Xcel Energy for renewable energy projects in the state.
Xcel is also awarding $979,082 to the University of Minnesota to develop the best management for harvesting biomass and for the maintenance of soil quality.
The university is working to develop the infrastructure to produce and collect biomass fuel to power and heat buildings on its Morris campus.
MnVAP doesn’t anticipate using alfalfa or the stems of the plant as a biomass fuel source, as was once considered. The company produces a variety of animal feed products from alfalfa, some of them in pellet form. The value of alfalfa is too high to justify its use as a biomass fuel, he said.
The farmer-cooperative originally purchased the Priam facility in 1996 with intentions of using a fractionation process to separate alfalfa leaves and stems. The proposal called for using the stems as an energy source to produce electricity for sale to Xcel while the leaves would continue to be sold as animal feed.
Posted by Junky on :
First American Scientific Corp. Reports the Sale of Two KDS Micronex Systems in December 2007
Cal Kantonen, Chairman of First American Scientific Corp. (OTCBB: FASC) is pleased to report the company has sold and shipped two KDS systems during the month of December 2007. An order for a third machine has also been received and the equipment is currently being fabricated. The first system was delivered to a group in Quebec, Canada for pulverizing construction waste and the second was delivered to a group in Mexico who plan to process agricultural waste and other biomass for use in their current business operations. Both machines will be commissioned on site in January 2008 and are expected to be fully operational by February. The third sale should complete this quarter.
According to Brian Nichols, President of FASC, "We are finally attracting serious attention from the alternative energy sector. The KDS equipment's ability to remove water while pulverizing and cleansing wood and agricultural waste has proven to be a valuable pre-treatment for end users who are developing biofuels from agri-waste. We have now sold 5 systems in the last 6 months, three sales completed and 2 sales in process, so our outlook for the future is definitely positive."
First American Scientific Corp. is the owner of a unique patented disintegration system, the KDS Micronex System, which is capable of cost effectively converting biomass and agri-waste, including animal waste, sewage, and forestry waste into a fine dry combustible powder which can be burnt in specialized dust burners, pelletized into fuel pellets or used in the process of creating biofuels.
Other applications for the KDS include reducing and drying various grades of mineral rock such as clay, zeolite, gypsum and limestone into a fine dry powder suitable for cosmetics and fertilizers. Please see our web site for further details.
Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.
Contact: Call Corporate Communications Toll Free: 1-800-561-8656
Posted by wdcisco on :
Whats up Junky?! How you been??
Rakin' in that dough?
Posted by Junky on :
Not even close....I've got most of my money tied up into this stock!
Posted by wdcisco on :
Good luck!! Posted by Junky on :
I've followed this stock for about 7 years, and have been buying and holding for a rather excruciating past 2 years. The company is First American Scientific Corporation on the Over-the-Counter: Bulletin Board (Bid/Ask is .015 X .019). FASC owns the right to a patented grinder-dryer called the KDS Micronex.
Only 200 million shares are authorized with 196,893,955 outstanding. No convertibles. Shares issued has only gone from 90 million to the present amount over the 8 long years since present management took over. (That's right, they've never done a reverse split!) Total debt (all long-term) is less than 1 million, it's all unsecured, and it's all owed to it's two managers (CEO Brian Nichols and Chairman of the Board Cal Kantonen) who've lent the company money over the years as company management. I've spoken to Brian twice and Cal once, and I'm happy to be able to tell you I have a good feeling about them as people. For what it's worth and in my opinion they certainly are not trying to "pump" the stock and are in this for the long haul. And although they are "penny stock saints" for their lack of dilution over teh course of their reign, their results in terms of sales and profits have been underwhelming. (But the stock wouldn't be under 2 cents if that were not the case.) I don't know if it's the machine's "fault" there has been only 20 or so KDS sales over the past 8 year, but I'd like to think some improvements have been made along the way to the machine. (There has been some pretty extensive testing performed over the years, both by and on the dime of various governments and government agencies.) I'd also like to think that management has refined their sales techniques and have identified the best path or paths towards commercialization and have focused their efforts accordingly. What I do know is that energy prices have soared and the acceptance of alternative energies has increased, so if there ever was a time for this company to enjoy success, I think it's now.
For a comprehensive compilation of DD (due diligence) I'd advise anyone to read the FASC message board "iBox" at Investor's Hub. http://investorshub.a d v f n.com/boards/board.asp?board_id=566 The information has been compiled in a thorough and intelligent manner, and shows the many applications of the KDS Micronex, which go beyond alternative energy. (However, the CEO Brian Nichols did tell me in a telephone conversation about 4-5 months back to "focus on energy". So, I would not be surprised if that is where management's complete or nearly complete focus is these days.)
A few applications that particularly pique my interest:
Grinding biosolids from waste water treatment plants into a certified class A fertilizer (free of is pathogens). I know, from speaking with the CEO, the company would like to see such a product be used in energy production. (Perhaps pelletized and then co-fired with wood waste...there is lots of pine beetle killed timber in North America these days.)
..Connect..http://investorshub.a d v f n.com/boards/read_msg.asp?message_id=26204355 ..the dots... http://investorshub.a d v f n.com/boards/read_msg.asp?message_id=26206495 ..la la la la la
Grinding biomass towards pellitization, a combustible powder, or as a pre-treatment for biofuel production Xcel Energy (XEL:NYSE) just gave a customer of theirs, Minnesota Valley Alfalfa Producers, http://www.granitefallsnews.com/articles/2007/11/04/news/news01.prt $1 million to study the KDS Micronex for these reasons and possibly to make improvements to the existing KDS design. "Proposal: Researching the Use of KDS (Kinetic Disintegration System) to Process Various Feedstocks for Biomass Pelletization Use" http://192.234.136.46/docs/07-0675RDF3rdcyclefunding120607.pdf
Another possible biomass application is sugarcane bagasse (leftovers) in South America. FASC signed a joint venture agreement with a group down in Brazil almost 2 years ago, might hear something from that soon. http://www.fasc.net/newsrelease/06-04-18.htm Posted by Junky on :
Hey check out the iBox at http://investorshub.a dvfn/boards/board.asp?board_id=566 I spent like 2 days gussying it up and adding some stuff (it was already packed full of DD before I started so I'm not taking credit for what you'll find!)
The stock is under 2 cents with a market cap under 4 million and if you don't wanna buy it after reading the iBox you're nuts! Okay maybe not nuts but honestly check it out, you just might become a FASCista in no time!!
Posted by Junky on :
Power Renewal A Minnesota cooperative returns its founding vision of biomass energy
By E.M. Morrison
Priam, Minn. — A Minnesota cooperative has a new “power point.”
Minnesota Valley Alfalfa Producers started plans to generate electricity from alfalfa stems 14 years ago. But after investing six years of effort and millions of dollars, the farmer-owned cooperative was forced to pull the plug on the project when its partners dropped out.
Despite its rocky start, MnVAP went on to became one of the nation’s largest alfalfa pellet mills, says Montevideo farmer Keith Poier, MnVAP chair. And now — as Minnesota pursues ambitious renewable-energy goals — MnVAP has returned to its founding vision of biomass power. The cooperative wants to supply biomass fuel pellets to Minnesota’s growing renewable-energy sector.
“MnVAP members initially signed on with the intent of being a renewable energy company,” says Kim Larson, a Willmar farmer and consultant who helped organize the co-op in 1994, “and they are once again looking at renewable energy opportunities.”
Late last year, the cooperative received a $1 million renewable-energy grant from the Xcel Energy Renewable Development Fund. MnVAP will use the grant money to test a new technology for grinding and drying high moisture agricultural fibers, such as wood, native grasses and crop residues.
“Innovative and new renewable technologies, such as solar and biomass, have trouble competing with conventional energy in the marketplace,” said Scott Wilensky, Xcel Energy acting vice president of regulatory and government affairs, in a written statement. “The fund’s objective is to remove barriers to entry of new renewable-energy technologies.”
MnVAP will work with AURI and Canadian equipment manufacturer First American Scientific Corporation to test a biomass pulverizing method known as a kinetic disintegration system or KDS. KDS was originally developed for the mining industry, Poier says. Now it’s being used by other industries that need to grind and dry materials before condensing them into pellets.
KDS combines grinding and drying into one operation, eliminating several processing steps and lowering fuel use, Poier says. With this new technology, MnVAP hopes to cut its manufacturing costs in half, he says. That “would allow them to be competitive in a biomass industry,” says Al Doering, scientist at AURI’s coproduct lab in Waseca.
AURI, which helped the co-op get started in the early 1990s, will assist MnVAP in evaluating this new technology. “We’ll help them compare it to their current process,” Doering says. “Some of the things we’ll be looking at are pellet quality, moisture, output and energy savings.”
A good fit for MnVAP Providing feedstocks for renewable power would be an ideal fit for the farmer cooperative, Doering says. “They’ve been in business a long time, and they have years of experience in collecting and processing long stem biomass.”
Today, MnVAP manufactures 40,000 tons of alfalfa pellets annually and ships its products to feed mills all over the United States, Poier says. Alfalfa is a high-protein staple of livestock diets.
Like the feed industry, the developing biomass-power industry will need cost effective ways to handle voluminous, perishable plant materials, Poier says. “These materials are very expensive to transport and touchy to store. We’re already in the business of processing a bulky raw material so it can be densified and shipped across the country to an end user.”
MnVAP has another big advantage, too, says Larson, the Willmar consultant who is coordinating the co-op’s biomass project. “They are a farmer-owned co-op with 141 shareholders.” MnVAP growers currently supply the co-op with 10,000 acres of alfalfa. In the future, these farmers could also provide the dedicated energy crops that will be needed, Larson says. “Not only can they process biomass, but they have the nucleus of growers to supply it, too. That’s their biggest asset.”
MnVAP members “farm up and down the Minnesota River Valley and the Red River Valley,” Poier adds. These environmentally sensitive areas could benefit from perennial energy crops, “plants like alfalfa that are good for the land and water,” he says. “That’s an important part of this — to improve the environment.”
Markets emerging Last February, Minnesota passed landmark legislation that requires state utilities to generate a quarter of their power from renewable sources by 2025. The goal, called “25 by 25,” is one of the most ambitious in the nation, Doering says, and it’s encouraging the development of biomass markets.
For example, municipal utilities in Willmar and New Ulm are looking into co-firing biomass and coal. Ethanol plants are also interested in gasifying or combusting biomass to produce “greener” transportation fuel. Already, three Minnesota ethanol plants are generating biomass power to run their operations. In the future, more companies “will need densified material,” Doering says, creating opportunities for suppliers such as MnVAP to fill the need.
In 1994, when MnVAP formed, “We were way ahead of our time in so many ways,” says Poier, who has served on the co-op’s board since 1999 and been a member since its start. After the first biomass-power initiative collapsed, shareholders could have thrown in the towel, “but we held together.”
The company has struggled to be profitable in a thin-margin business, Poier says, but now, “we’ve gotten to the point where we’re ready to stretch ourselves.” He adds, “I really think this is an opportunity that will pay benefits,” not only for MnVAP, but also “for our communities, our farmers, our state and the nation.”
Posted by Junky on :
JP Steel Plantech was made the exclusive licensee for the for the KDS Micronex technology in late 2005 by FASC.
In mid-2007, according to FASC (from their last 10K):
"While JP Steel Plantech is diligently working with the equipment documenting every component of the system, they have yet to aggressively enter the marketing phase and have not sold any equipment to date. Nonetheless, we are encouraged by their work and believe this will be very valuable to us over the long term. They are also working with our patent attorneys to finalize the examination process."
Now, check the copyright at the bottom of this (translated) page...it's 2008. It would seem as though this Japanese company with annual sales of 360 million U.S. continues to have the KDS Micronex as part of its plans. (By the way, that drawing is most peculiar...It doesn't look anything like a KDS Micronex. Did they enter the wrong picture?)
On September 26, 2005, the Company signed an exclusive license agreement for manufacturing and marketing the KDS System in Japan with JP Steelplantech Company of Yokohama, Japan. As part of the agreement JP Steel has paid an up front licensing fee and purchased and installed a fully operational KDS at its facility in Yokohama to be used for sales demonstrations and research purposes. Under the agreement, FASC will receive a royalty for each manufactured and machine sold in Japan. Marketing efforts are now underway, but there have been no sales yet to customers in Japan.
JP Steel Plantech Co. is a well established engineering and equipment manufacturing company owned by four Japanese steel industry companies ; Kawasaki Heavy Industries (KHI), Hitachi Zosen (HITZ), JFE Engineering (JFE) and Sumitomo Heavy Industries (SHI).
We met with representatives of JP Steel this February in Malaysia who advised us they are working diligently on this project and expect positive results to follow shortly.
Malaysia - FASCM Joint Venture & License Agreement
On July 8, 2004, the Company granted an exclusive license for 21 years to First American Scinetific Corp (Malaysia) Bhd. Sdn., to market the KDS system in Malaysia, Thailand, Singapore and Indonesia. FASCM purchased one KDS machine and set up a fully operational demonstration plant in Malaysia. Under the agreement, FASC will receive a royalty for each machine manufactured and sold in the territory and will share 50 % in any excess profits from the operation. There was one sale in Malaysia to date, but the equipment was recovered when payment was not forthcoming. Two additional machines have now been sold, the first of which is scheduled for commissioning in May 2008.
Brazil – Proposed Joint Venture & License Agreement
On April 18, 2006 the company announced the signing of an Agreement in Principle to form a joint venture to be named First American Scientific Brazil Ltda. These negotiations will not be finalized until the test machine sent to Brazil is fully operational and evaluated. The machine was delivered last year and is now operational. Our technicians are scheduled to travel to Brazil in June 2008 to commission the machine.
Mexico
In June 2007, the Company signed an exclusive marketing agreement with a group in Mexico. One condition was that they purchase a demonstration machine (at wholesale price) and adapt it to the local market and conditions. The machine was delivered last quarter and is now operational. Results of testing should be available next quarter.
Canada - City of Prince George, BC
In fiscal year 2007, the Company signed a Memorandum of Understanding with the City of Prince George, BC, Canada to assist them at their Waste Water Treament Plant in solving their environmental cleanup process of sewage sludge using the KDS Micronex System. This will be the first operation of its kind in the world where strictly regulated Class B municipal sludge can be cleaned, bagged, and profitably sold to the public as a soil amendment. The initial runs were evaluated by the University of BC, and found
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acceptable, but modifications were required to the equipment to reach commercial acceptance. These modifications are now completed and are being commissioned and evaluated at our test site in Abbotsford, British Columbia.
USA - California
This quarter we delivered one model S-8 machine to a biomass processing facility in California where it has been commissioned and is now being evaluated as a combination dryer /grinder of waste biomass for use in the green energy sector.
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If it breaks .026 I am back in....for sure. ![[Wink]](wink.gif)
