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So no PRs for four years. But now it's because they cannot afford "huge costs" of updating delinquent fins. Looks like we will head to FIVE years of silence. So much for the .02s....This board won't buy enough to get there...and they will be the only ones "in the know"....
Revised...will the completed sale to StMs referral bring in enough to cover those HUGE delinquent filing costs??? Stay tuned (all 8 of us...)
I will now look at this as Brian Nichols soap opera of excuse NOT to promote the company he inherited,. Great job so far...
Al
Adam also said that we'll be very happy when they finally can put out a PR. But as you've heard before, lawyers say not until SEC reports are up to date.
mouser....understand completely. But keep following that all important information sales ball.
That tells the whole story.
Even as the most optimistic lurker on this board, events of late, are causing my antennae to quiver. Are we expected to believe that of the 40+ machines delivered, to date, not one has produced sufficient income to file ONE financial report? It’s been over six months that this board posted that a phone call to headquarters assured the poster they were being updated/ generated/ whatever, way back then. Those financials should have been done, completed, finished shortly after the quarter’s closed, years ago, ready for audit perusal and then filed with the SEC as funds became available. So what's wrong with posting unaudited financials.
What’s more troubling to me, is that Brian can’t speak one word to anyone about all the marvelous “going to happenings” revealed on this board, unless he files financials first??? I guess the message he wants to convey to us, is that despite all the hopeful potential, dug up by this board, is that it’s all basically, unsubstantiated heresay. I’m getting the message loud and clear and I don’t like it. I hope I’m wrong, but in my opinion, something’s fishy!
Fasctract - You state "Having said all that, what I say means nothing to him (or anybody else for that matter) and we are only going to get news when Brian is damn good and ready to give it."
What you say means a lot to me. I think you have made an excellent, balanced description and observation of Brian. I might add that he is also getting old and pretty tired. He is not going to waste energy (partly because he may have to reserve his energy). Many people in their late 70's are needing to phase out and retire. Some much earlier than Brian.
I think (my guess) is that Brian wants all of his ducks lined up in order first. He may well be quite rigid and stubborn. And he may well be quite derelict in investor relations. But, he is still with us, and although we may be pre-Titanic, with many leaks, we have not sunk yet.
I am going to say it quite clearly--even if I stand totally alone in saying it. I like the man. Perhaps it is because I am 87, and can appreciate how the trend of the decline effects a man from age 70 for the next 17 years Waitedg
Charlie.....the most important thing is that multiple sales are now happening so it is only a matter of time before we see the financials.
TR: I think we all agree that they can update the website without having updated financials, BUT the Investor Info section will still be woefully under reported...for the time being.
Adam told me today that it would take a "huge" sum of money to get them updated, and that it might take a while. Is HUGE the same in Canadian dollars as US?
RJ.....website revamp can operate independently of the SEC financials.
RJ, I thought the issue with the website update is that supposedly FASC was going to be updating the website soon despite not having complied with SEC filings. Since the website constitutes an indirect form of communciation, some posters were questioning how this can be done since corporate counsel supposedly prohibits communication. Also, doesn't the website have a link to the SEC reports? Any link would not be able to link to current filings.
I am in favor of any form of communication from the Company, whether it be a website update, newsletter, Management guidance letter, streaming conference call interview with CEO, press releases, quarterly reports, white papers, etc.
FASC,
The internal financials may well be up to date, but the cost of audits and SEC filings is not.
I do not know what the website has to do with the SEC financials?
RJ
Al, as PO'd as I am, I am not ready to say that there is something sinister going on with Brian - like trying to keep the price down for some sinister reason. From all accounts, Brian's heart and soul is in the right place. As I get more of an appreciation for the long gestation period of these projects, and the role that our small piece of machinery plays in an entire project, I can see why it takes so long to consummate a sale. With what we are hearing about sales in the pipeline, I would not characterize Brian as "not doing anything". Having said that however, for some reason, he definitely has an aversion regarding public communciation to shareholders. As you stated, what was his excuse for not communicating for the 2 years prior to the failure to file financial reports? It almost feels like a spiteful response to incessant requests - the more we ask for communication, the less likely he is to supply it. While I support Brian, I do consider him negligent and irresponsible in this regard. Having said all that, what I say means nothing to him (or anybody else for that matter) and we are only going to get news when Brian is damn good and ready to give it.
My school of thought is this is BOGUS. IT DOES NOT take 60+ days to process fins including at most two sales!!! CEOs are not precluded from issuing forward looking statements ($900 cost). This is all about excuses to not do anything. For the life of me I cannot fathom why, but BN has taken that approach for four years (prior to delinquent fins) and the faithful support him. The only difference is they are tapped out and now bid whack as opposed to paying the ridiculous spread on this now illiquid stock.
Al
I hope that is the case. Other schools of thought floated around here have been that FASC is restricted from disclosures by NDAs or that the sale of one machine is not material enough to warrant a PR, that disclosure of a sale via the quarterly reports is sufficient, etc.
The bid/ ask is getting back into "respectable" range - .013 to .017 wit 70,000 plus on bid and well over 200,000 on the ask. Would indicate we might get some transactions--more likely on the lower side. Waitedg
Repost of St-Malo's news in case someone missed it:
"News from Quebec
I try to keep up with this forum [edit]. Here are a few messages that should shed light about the KDS.
A KDS was finally delivered in Val d'Or, Quebec, yesterday. In fact, the machine was delivered earlier, but had the wrong motor. I talked today with the owner and the machine will be running by the end of next week. You can bet that many interested prospect I talked to, during the last two years, will want to see the KDS in operation. I plan to have FPInnovations (the world's largest research center in forestry) make a technical report on the performance of the machine, drying and pulverizing different feedstocks such as wood chips, bark and manure.
For those who think they found a machine on the Web capable of doing the same things as the KDS, I would be surprised of that. And for those who fear that someone could copy the system and not pay for the original KDS, the secret is in the "brain" of the electronic controls and I doubt it will be copied one day!
Now about the St-Malo project, we finally found new partners who will help us expand by three fold the original plan. This means that we will need 3 KDS machines. The financing should be attached by the end of 2013, as we get a major contract of electricity production. The plant will produce power and steam from wood dust, and briquettes/pellets as solid biofuels for the local market.
Finally, if you want to read more about the position of DGR Forestry Consultants of Quebec about biomass and biofuels, you can read a paper that I signed, which is available (in French) at the following hyperlink:
consultationenergie.gouv.qc.ca/memoires/20130919_116_Consultants_Forestiers_DGR_M.pdf
Sorry if I didn't mention the KDS in this paper, but if you read between the lines, you will know that these projets will need lots of KDS's to get on track.
I don't know how all this will affect FASC stock price, but my input on this forum is to inform you about what's going on here. Again, come to see us anytime at St-Malo Heating in Quebec City. The KDS's aren't in place yet, but the building conversion has started!"
Fasctrack.......simple, its all about the cost of the financials. Now with St-Malo sales in place and coming, that will no longer be an issue.
The Company has not published financial statements in over 1.5 years, no SEC reports and no public communication whatsoever with shareholders for over 3 years...no that is not odd at all.
Sorry Tony, but I think we need a little lighter coat of sugar on that one.
Sam, my thoughts as well - he has to have a master plan. Maybe I am giving him too much credit but it is becoming apparent to me that it is not as simple as: "We're a little short on cash. When we have some extra cash, we will complete the audit and start issuing PRs." That is not a marketing plan.
By the way I was wrong about the 30 cities:
Since April 2001, Mr. Nichols has been the President, Chief Executive Officer and a member of the Board of Directors. For the past 32 years, Mr. Nichols has been a self-employed producer and marketer of a live entertainment show and circus which plays in over in 260 cities annually in Canada and the United States.
Brian was Marketing Director in 30
cities? That seems just about amazing
considering the apparent lack of
standard "marketing" for KDS.
I think. Maybe he has his own plan???
PS
From Wikipedia.
Marketing is the process of creating, communicating and delivering value to customers.
(A little more.. that may help explain what's going on):
"There are five competing concepts under which organizations can choose to operate their business; the production concept, the product concept, the selling concept, the marketing concept, and the holistic marketing concept.[1] The four components of holistic marketing are relationship marketing, internal marketing, integrated marketing, and socially responsive marketing. The set of engagements necessary for successful marketing management includes, capturing marketing insights, connecting with customers, building strong brands, shaping the market offerings, delivering and communicating value, creating long-term growth, and developing marketing strategies and plans."
Hank......its not odd; they just now are getting back to sales after a long drought period.
I agree with the concern regarding financials. Too many people on this board seem to have found positive information on the KDS. Certainly blame falls on the CEO's shoulders for lack of communication but there is something very odd going on.
I really wonder what FASC is waiting for to complete the financials. You and I both know the process - with the limited number of financial transactions, it simply is not that complicated. There has to be other reasons for the delay. Money perhaps, timing of fruition of projects. I can only hope that Brian has a master plan; an unveiling, if you will where FASC will emerge from the dark shadows and appear will open arms and full transparency in front of the investing public inviting the world to behold all of the hidden treasures accumulated by FASC during the dark period. Dramatics aside, I do get the feeling that Brian is waiting for something - wish I knew. The man was director of marketing of circuses in 30+ cities. I presume he knows how to communicate, market and sell something should he choose to do so.
Charlie.....no, Adam specifically said they could and will regardless of financials.
Well they can't revamp the website completely until the financials are up to date because of the Investor Info tab which lists the SEC reports (current only to 2008).
BTW, I posed the question to my HK contact of whether he has bought, or might buy, any FASC stock. It's a question Sam is always wondering about. His answer was no, he doesn't deal in stocks. However he did offer this statement:
What I can tell you is that JCL as a company is very actively involved in the KDS process, reflecting how we see this technology.
Charlie
Waitedg......Adam told me specifically that FASC will be revamping their website and this is NOT dependent on the financials.
Sleepin' - From all the info on Brian gained over the years in many ways, I do believe he will not provide us information until the financials are restored. This is important to me because, combined with other factors about Brian, where he vacations, his values, etc. I have developed a picture of him as a person. I believe strongly that until the financials are restored, what he said is what he will do--as frustrating as this is to some.
The implications of this are that we are going to have the price kept at this terrible low range. Yet at the same time, 3 to 5 potential sales and their payments are moving toward the company. Thus those who believe, and who are not already up to their eye balls in frozen stock, can buy at bargain basement prices-- a stock whose intrinsic value grows.
In my opinion, Brian's words --"It is what it is"-- have increasing meaning and wisdom. A piece of crap as some see it, or an unusual value about to be revealed as others see it--or somewhere in between. News releases or no news releases, TR is right. Sales will determine the reality, and in time a true value will be established.
The lady I mentioned, "Horsnaround" or Debbie, is now a new purchaser of FASC--59,000 shares so far. She lives in a low income housing development, and has an informal ministry. I believe her FASC shares will help her in her old age as she acquires more--when added to the 179,000 shares I am giving her. Her goal will be eventually 500,000 shares or close to it.
As regard to your post. I believe that the KDS and its application to sludge will be one very important development. Waitedg
Waite, I think this is the most important post of the day...my thanks to Net-Man (and a hat tip to TKL for his post from yesterday too):
"Sam - I am just saying I don't really know either way. Gene Bernat told me he is selling paper sludge processed through the KDS in Glens Falls to dairy farms for bedding. More importantly, he is profitable doing so. There was no announcement from FASC about this either. So it doesn't follow for me that with the details provided the KDS is or is not being used.
fwiw,
Net-Man"
I think the most important post today is RJ's. I believe it. Waitedg
"Brian told me last year that he would remain quiet until he was current with his reporting. - RJ"
Hi TR,
No, I do not have a particular contact at Mainland Machinery. I did call them there a couple of times in the past. I got great information that I have shared here. They do not and will not speak of FASC's business, however they speak very highly of Brian and will back them all they can. They are also FASC shareholders.
RJ
Sun,
"some of the machines alleged to have been "sold" have been returned for various reasons. "
Yes, for non-payment. However, they are still trying to get one of them back.
RJ
Fasctrack,
Brian told me last year that he would remain quiet until he was current with his reporting.
RJ
Hi Fasctrack,
With only two sales in two years, Brian probably is probably not in the bragging mood?
\
RJ
Hi RJ......quick question for you. Do you have a contact at Mainland Machinery? I seem to recall that you do.
Charlie,
It was Verlander against the Red Sox! Detroit batters in the last innings were swinging at anything!!!!! Air?
Verlander did great! But of course he is not the whole team.
We need a FASC team! Positive MoJo!!!!!!
RJ
PS. Opps! I was supposed to be working?
I get the point regarding non-disclosure agreements. However then something is amiss with the negotiation of that document - yes they can be negotiated. Assuming for a moment that NDAs are in place, right now, the restrictions in those agreements are becoming a severe hindrance, debilitating if you will, on the ability of FASC to enhance shareholder value. How do we as shareholders reap any benefit from the sale of a machine that is prohibited from being reported in any manner other than on the revenue line of our quarterly report. Brian needs to address this. Certainly there can be creative ways to convey growth and progress and sales without breaching an NDA.
"FASC is is pleased to announce that the Company has received purchase orders of $__________ for the manufacture and delivery of of 10 KDS machines to a major sewage sludge processing company in Hong Kong. Of all of the current technology in the field of sludge processing, the KDS has been determined to be cutting edge and is considered a "miracle machine" for its ability to..."
Net-Man.......good summary. And then there is Malaysia and Indonesia, with QL and Sawipac.
Some rumblings down in South America and Korea, from recent finds.
The larger point being FASC shareholders are simply being ignored. I am in in the low .02s and am aware that many others are in well above that. That being said, we are all being given short shrift by a negligent CEO and multiple unconfirmed installations that have resulted in an illiquid .013 public stock beig=ng run as sole propreitorship....
Al
"So over fifty KDS are installed globally"
So some people would like you to believe (when they're not trying to blame the evil nefarious market makers for FASC's pathetic share price).
There is an alternate school of thought that perhaps there really haven't been that many sales of the KDS, and that some of the machines alleged to have been "sold" have been returned for various reasons.
It's fairly clear to which school of thought Mr. Market subscribes.
Multiple reasons for four years of complete silence. NDAs, fear of the SEC (laughable), delinquent fins, etc etc. The reality is Brian Nichols is running a public company as a sole propreitorship. Thos eunfortunates that believed they were buying shares in public company are rewarded with .013 and nearly zero volume. Thanks again Brian!!!
So over fifty KDS are installed globally and our man cannot even mention one??? Incredible negligence...
Al
Fasctrack - I don't know the specifics of the contractual relationship between FASC and CTI. There may be non-disclosure agreements that prevent Brian from stating how the equipment is being used. Something to consider is the reference from St-Malo - the machine he and the 2 saw millers went to view in operation is viewed as "the miracle machine" by the owner. Where ever this machine is located, the owner seemed to be very clear about not letting anyone know how it is being used since it is an advantage in his business.
There are trade offs FASC likely has to make in order to sell machines. NDA's seem to be part of the model at this point. Something that needs to change in my mind, because it clearly impacts getting the message out.
What do we take away from all of this? For me, well, there seem to be a lot of applications where the KDS is in use and profitably so. These niche businesses are good at keeping their secrets for a while, but the word eventually gets out.
To do a sales recap, this is what I think we know at the moment:
- 1 machine sold and delivered to a St-Malo customer (please, no more noise about the motor size. There is likely much more to that story and the constant wailing about it doesn't provide any information)
- The Mexican connection is looking for another machine
- St-Malo indicates 3 KDS order possibly by EOY
5 machines in any previous year was seen as great progress. After the near depression over the last several years, this seems like a good re-start to me.
fwiw,
Net-Man
Net-man, thank you for sharing that information. While I am happy to hear it, it is tree falling in the forest stuff. I am becoming infuriated and frustrated that Brian continues to refuse to communicate publically to the shareholders. Thanks to the fine due diligence on this Board, I am hearing about multiple opportunities to ring the bell and tout the great achievements of the KDS and FASC yet our leader remains stone silent. Accordingly we have no volume and no price appreciation. Yet more opportunities squandered. Remind me why I invested again??
Sam - I am just saying I don't really know either way. Gene Bernat told me he is selling paper sludge processed through the KDS in Glens Falls to dairy farms for bedding. More importantly, he is profitable doing so. There was no announcement from FASC about this either. So it doesn't follow for me that with the details provided the KDS is or is not being used.
fwiw,
Net-Man
OT: For a team that is supposed to hit, the Tigers are having a terrible time. If it was not for their pitching, they would never have got out of Oakland. Bats need to come alive. 1984 is a long time ago. Just saying!!!!!!
Netman, I am not trying to be negative
purposefully. But the real logic is that
FASC hqtrs has not made an announcement
about what would be the greatest thing that
has ever happened with the KDS.
Thus the logic is that there is no
KDS involved with "this" particular
SCA operation.
I can't quite see it any other way.
ALTHOUGH I WISH I COULD.
That seems to be flawed logic. I don't see how the upstream process can be deduced entirely by the end product. It seems to me the originating sources of the end product have been identified, the constituent materials, and the end use. Did I miss something that indicated how the upstream materials were processed?
Sambeaux: Here is how I looked at that aeticle.
SARATOGA >> Hanehan Family Dairy is one of 90 New York state farms that use recycled paper mill sludge to keep cows clean, healthy and comfortable.
Syracuse Fiber Recycling gets the material from SCA Tissue in South Glens Falls, Finch Paper Co. in Glens Falls and Rock-Tenn Co. in Solvay, near Syracuse.
Short-fiber papermaking residue is mixed with cement dust, a drying agent, to make animal bedding that is absorbent and has a high pH content, which inhibits bacteria so cows producer higher-quality milk.
“Farmers use a lot of byproducts,” said Philip Hanehan, the farm’s herdsman. “All this stuff helps reduce the carbon footprint of the dairy industry and food production in general.”
Sludge that isn’t recycled would have to be landfilled.
Mixing cement dust with the fiber...SEEMS TO BE A DUAL PURPOSE. 1. REDUCE THE MOISTURE CONTENT 2. RAISE THE PH LEVEL TO KEEP BCTERIA DOWN. I surmise that no KDS was used in this product. The KDS would produce a much dryer product, James.
Sam, one would think that if there were KDS' involved with SCA, FASC would want to shout that from the rooftops. The failure to do so, along the with failure/refusal to issue a PR regarding the latest sale suggests to me that the financial statements are not completed because Brian has not paid the auditors. That inturn suggests to me that Brian either does not have the money to pay the auditors or doesn't want to go out of pocket to pay the auditors. Not wanting to go out of pocket to pay the auditors suggests to me a lack of anticipated future cash flows. i.e. no sales in the near future. I know these projects take a long time to come to fruition but sheesh!! I just feel like something is amiss here. Either the product doesn't work as advertised or the price point is too high. Scratching my head here.
Chalie - having lived with FASC all these years have leaned to live with disappointment. Tigers have four outstanding pitchers. down two to one--and the loss of games two and three cold break about any bodies spirit. The Tigers have to win 3 out the next four, the Red Sox only two. A Red Sox victory tonight, I admit, will about seal the coffin. Waitedg
Fasctrack......they can always use their website.
IN A LOGICAL world one would have to
conclude there were no KDSs involved
in that SCA operations report.
Because if there were KDSs involved,
FASC hqtrs would have to find a way
to let the world know it.
Not just out of happiness, but because
of regulations.
Ergo, there were no KDSs involved there.
Right?
PS
Now we just had 700 share trade increasing
FASC (stock) value 38%.
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First American Scientific Corp.
Innovators in Grinding and Drying Industrial Feedstocks
First American Scientific Corporation manufactures and sells the KDS (Kinetic Disintegration System) Micronex
The KDS Micronex grinder-dryer employs intense kinetic energy to simultaneously pulverize and dewater a wide variety of virgin and recovered materials into fine dry powders. The innovative vertical shaft impact mill design incorporates high rotational speed and high velocity air flows to achieve superior grinding and drying results without requiring supplemental heat.
Addition of supplemental or waste heat may be used to increase machine throughput. The energy used for drying can be as low as one-third the energy used by a drum dryer and no secondary grinding process is required. An internal classifier in the unit controls the output particle size to between 100-2,000 microns.
The production rate ranges between 1-4 tonnes per hour depending on the raw material characteristics and moisture removal required. While many conventional grinding or milling systems require dried feed material, the KDS Micronex can process materials containing up to 70% moisture and can reduce them to less than 10% moisture.
The KDS disintegration technology is patented in the USA, Canada, UK, Europe, Mexico, Australia, New Zealand, Japan, Malaysia, Korea and China.
The KDS Micronex system is marketed in various sizes and each model is customized to the buyer's requirements. The basic models are the S4, S6 and S8, plus there is a table top model designated the S2 and possibly an S3. FASC's licensees may use different names (e.g. MF-777 in Malaysia).
The acquisition cost of the model S8 varies from $300,000 to $400,000 depending on the application, auxiliary equipment, and the version chosen.
State of Incorporation: Nevada
Current A/S: 200,000,000 (Increased from 100,000,000 - March 7, 2000)
Current O/S: 199,952,195
Company officers information compiled from SEC filings:
John Brian Nichols, 77
- President, Treasurer, Chief Executive Officer and Sole Member of the Board of Directors
- Shares owned: 4,981,700
Cal Kantonen: DECEASED (February 1, 2011)
- Was Chairman of the Board of Directors, Chief Financial Officer, and Treasurer
- Owned 8,580,000 shares at time of death. Current status of estate unknown
Kelly Niavis, 39
- Replaced Cal Kantonen as Chief Financial Officer on January 26, 2012
Companies marketing the KDS (click on logo to visit its site)
Videos
FASC videos
BioDeposit videos
Wikipedia
FASC
KDS Micronex
Media
FASC's Home page
FASC's pictures of KDS installations around the world
Micronex Systems Inc. Home https://micronexsystems.com/
Micronex Systems Inc. Twitter https://twitter.com/micronexsystems?lang=en
Micronex Systems Inc. Facebook https://www.facebook.com/MiconexSystems
Companies involved with the KDS include:
Japan
JP Steel Plantech Co. / Kitagawa Iron Works Co., Ltd.
October 2005 JP Steel Plantech Co. named exclusive licensee in Japan
Certification (#0856) of the KDS Micronex as a waste water treatment device
KDS in use at Biomass Recycling Center Inc. in Okinawa Prefecture. The recycled wood waste will be co-combusted with coal.
From April 2012 Kitagawa Iron Works Co., Ltd. will be producing and selling such equipment.
Malaysia
QL Resources
June 2004, 50/50 joint venture established, Noel Wambeck named as engineer to implement palm biomass projects
July 2008 Neo Tek Siong (President of FASCM) and Brian Nichols (President of FASC) announce the joint venture is granted 5 year tax exemption by Government of Malaysia
July 2008 QL Resources enters into Cooperation and Reseller Agreement with First American Scientific Corp. (M) Sdn. Bhd. ("FASCM") to be their authorised reseller of KDS MicronexTM ("KDS"), a patented grinder-dryer in Malaysia, Thailand, Singapore and Indonesia.
"QLPP also entered into a Technical Collaboration Agreement with Ulimec Sdn. Bhd. ("Ulimec") through its designated specialists in attendance, Neo Teck Siong ("Neo") and Noel Wambeck @ Nurehsan bin Abdullah ("Noel") (collectively referred to as "Consultants") to engage their services to develop and market the "Palm Pelletising System" in Malaysia, Thailand, Singapore and Indonesia."
November 2009 Managing Director of QL Resources confident they can commercialize the palm biomass pellet system in FY2011 (ending March 31)
December 17, 2012 UN CDM Validation Report for QLTawau Palm Pellet Sdn Bhd, which includes 3 Kinetic Disintegration Systems as part of the registered system
May 9, 2013 QL’s Stabilised Biomass (EFB Pellet) Project Registered!
Joint Venture and License Agreements
Malaysia 50/50 joint venture - FASC Malaysia Sdn Bhd
June 7, 2004
First American Scientific Corp. finalizes joint venture agreement for the sale of KDS equipment in Malaysia
C.L. Kantonen, Chairman of First American Scientific Corp., is pleased to announce that the Company has reached an agreement with Ulimec Sdn. Bhd. to establish a joint venture company (First American Scientific Corp. [Malaysia] Sdn. Bhd.) to operate a KDS palm waste processing plant in Kluang, Malaysia and to market the KDS equipment to the palm oil industry.
In addition to earning royalties for all KDS equipment sold in Malaysia, FASC will share equally in the operating profits of the joint venture and retain a 50 % ownership in FASC (Malaysia) Sdn. Bhd.
Ulimec and its affiliate, Sawipac Sdn. Bhd., are major suppliers of equipment and expertise to the palm industry in Malaysia and to other countries in Southeast Asia.
Japan licensee - JP Steel Plantech Co / Japan Sub-licensee - Kitigawa Iron Works Co., Ltd.
October 25, 2005
First American Scientific Corp (FASC - OTCBB) announces signing of exclusive agreement to license KDS technology in Japan
Vancouver, BC: Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to announce the signing of an exclusive license agreement for manufacturing and marketing the KDS System in Japan with JP Steel Plantech Co.(SPCO) of Yokohama, Japan.
JP Steel Plantech Co. is a well established engineering company formed in 2001 by four Japanese steel industry giants ; Kawasaki Heavy Industries (KHI), Hitachi Zosen (Hitz), JFE Engineering (JFE) and Sumitomo Heavy Industries (SHI).
The alliance was created by consolidating the resources of these four major Japanese integrated iron and steel plant equipment manufacturers to lead the world in production technology and product quality. Their corporate mission is to contribute to the development of the world's steel industries, as well as the protection of the global environment. As the exclusive KDS licensee in Japan, they will marshall world-class iron and steel engineering
resources and state-of-the art environmental technologies to ensure the successful launch of our marketing efforts in Japan.
Mexico licensee - Sodif S.A. de C.V. (developer of Naturelo® earth-friendly nixtamalized corn four)
In June 2007 we signed an exclusive marketing agreement with Sodif S.A. de C.V. in Mexico. One condition of exclusivity was that they purchase a demonstration machine and adapt it to the local market conditions. The machine has been delivered and is operational.
Naturelo website
Eastern USA licensee - Cover Technologies Inc.
In October 2008, we signed an exclusive marketing license with Cover Technologies Inc for the states of New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Vermont, New Hampshire, Maine and Florida. One condition of exclusivity was that they purchase a demonstration machine and adapt it to the local market conditions. The machine has now been set up and is operational. The customer is now developing applications for the paper and biomass industries on the eastern seaboard of the USA. No other KDS machines have been sold so far under this agreement.
CTI Micro-Reduction Technologies, LLC website
South Korea licensee and 50/50 joint venture - JP FASC Co., Ltd.
June 16, 2009
First American Scientific Corp. (OTCBB: FASC) is pleased to announce it has acquired a 50 % interest in JP FASC Korea Co. and signed a new exclusive license agreement to manufacture and market the KDS technology in South Korea. Operating under the name "JP FASC Co., Ltd", we will jointly, in conjunction with our Korean partner, setup a fully operational KDS processing facility in South Korea to showcase our technology.
Brazil licensee - FASC Brazil Ltda.
On November 11, 2008, the Company singed an agreement letter of intent to form a joint venture to be named First American Scientific Brazil Ltda. for the manufacture, marketing, and operation of KDS equipment in Brazil. This agreement, if formalized, will result in our ownership of 50% of a newly formed Brazilian joint venture corporation named FAS Brazil Ltda.
Latvia licensee - SIA EHT Engineering (developer of BioDeposit® organic fertilizer)
In October 2009, we signed an exclusive marketing agreement with SIA EHT Engineering for Latvia, Lithuania, and Estonia. One condition of exclusivity was that they purchase a demonstration machine and adapt it to the local market conditions. The customer has developed a unique algae-based fertilizer which it sells in Northern Africa. The first demonstration machine was delivered in 2009 and is operational.
EHT Engineering website
BioDeposit website
Patent Information
North America
Device and Method for Comminution - US Patent # 6,024,307 and Canadian patent # 2,218,429
A patent was issued for the KDS as for a "device for comminution" on November 24, 1998, and its U.S. patent number is 6,024,307 with additional patent applications filed in Australia, Canada, Europe (EEC), Finland, France, Germany, Ireland, Italy, Mexico, New Zealand, Spain, Sweden, Switzerland, and the United Kingdom.
Cryogenic Comminution of Rubber - US Patent # 6,655,167
On April 20, 2001, the Company filed a patent application in the United States to protect its research into developing a process for cryogenically freezing non-tire scrap rubber and processing in into a micro-fine powder using the KDS equipment. This patent has now been issued.
Method of Recovery of Precious Metal and Heavy Minerals - US Patent # 6,682,005
On May 4, 2001, the Company filed a patent application in the United States to protect its research into developing a process for disintegrating and separating precious metal from hard rock without the use of chemicals. This patent has now been issued.
February 25, 2009
Recovery of Fuel and Clay from a Biomass - US Patent # 7,481,385
Japan
February 15, 2010
Recovery of fuel from biomass
June 13, 2010
A Comminuting and Drying Method and its Process
Other Countries
Additionally, FASC holds patents in the UK, Europe, Mexico, Australia, New Zealand, Japan, Malaysia and Korea.
Research and Development
Hong Kong - JCL Engineering Ltd.
May 26, 2010
First American Scientific Corp (FASC - OTCBB) signs agreement with Hong Kong engineering firm to build KDS pilot project at Beiqu Wastewater Treatment Plant in Zhuhai, China
"The Zhuhai project will include First American's patented KDS pulverizing equipment coupled with JCL's proprietary dewatering filter system to be designed for the treatment of sewage sludge and other related applications in China. Upon successful completion of the trials, the pilot plant will be used as a show-case in promoting the technology in the China market. JCL will provide all personnel and resources in China to construct and operate the plant."
10-K update for fiscal year ending 06/30/11: The Company has reached an agreement with a Hong Kong engineering firm to run demonstration trials processing sludge from a waste water treatment site in Mainland China. Formal plans and documentation have been finalized and the machine has been shipped. The project, if successful, will result in the sale of one KDS machine, and could expand to include further multiple sales.
JCL Engineering Ltd. website
Prince George, B.C. wastewater treatment [PROJECT DEAD]
October 31, 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
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.
Pilot Testing of the Micronex™ System to Produce a Class A Biosolids - A report by Dayton & Knight Ltd., Vancouver, B.C.
10-Q update for quarter ending 03/31/09: Phase II is underway at our Abbotsford site where some design changes and modifications are being made to handle the much wetter municipal sewage. Results will be announced as they materialize.
Update: This project was not listed in the subsequent 10-K (period ending 6/30/2009) or any filings thereafter.
WRAP Project Explores New Projects and Markets for Paper Mill Sludge [PROJECT FINISHED]
March 2007
A New Approach to Paper Mill Sludge
As part of its programme to encourage the economic use of recycled fibre, WRAP identified a novel process in Canada - the KDS Micronex, which uses relatively low energy input to treat paper mill sludge through centrifugal action to produce a commercially dry material which can be separated through vibrating screening into a fibre fraction and a filler fraction.
10-K/A-1 update for fiscal year ending 06/30/08: In December 2004, a KDS Model S-4 was shipped to Aylesford Newsprint in London, England for trial runs and evaluation. The testing is now complete and a final report was issued in April 2007.
The KDS machine has been relocated to a new mill in Northern England where it awaits new funding to continue the research.
Research in conjunction with Oak Ridge National Laboratory [PROJECT FINISHED]
U.S. Department of Energy Small Business Technology Transfer - Phase 1 Award
Combined Drying and Grinding of Biomass in One Operation
June 12, 2003
First American Scientific Corp (FASC - OTCBB) wins competition for research grant awarded by United States Department of Energy
First American Scientific Corp. ("FASC") is pleased to announce that the Company has been selected for a Small Business Technology Transfer (STTR) Phase I Award ($ 100,000 USD) by The United States Department of Energy. The grant will provide funding to continue research to enhance and improve the KDS Micronex biomass drying and grinding capabilities. Working with FASC on the project will be Oak Ridge National Laboratory (ORNL) of Tennessee,
represented by Dr. Shahab Sokhansani, PhD, P. Eng, a world renowned and published expert in Bio-energy systems.
U.S. Department of Agriculture Biomass Research Initiative grant
July 26, 2004
First American Scientific Corp. selected to participate with the University of Tennessee in USDA Biomass Research Initiative
First American Scientific Corp. (FASC.OB) announced today that the United States Department of Agriculture has awarded a grant of $717,399 USD for research to be conducted by the University of Tennessee, Oakridge National Research Laboratory and First American Scientific Corp.
University of Tennessee/Oak Ridge National Laboratory/FASC slide presentation
University of Tennessee website for USDA-DOE biomass project
FASC SEC Suspension for Financials / Filings delinquencies and Revocation:
Order:
http://www.sec.gov/litigation/suspensions/2015/34-74778-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-74779.pdf
Warning post on Feb 22,2015:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111051970
Revocation by SEC:
http://www.sec.gov/litigation/admin/2015/34-75419.pdf
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