Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No need to deflect on a person’s position, career or status in life it has no bearing.
What does matter up to this point, THE Judge has issued orders for the plaintiff, while at the same time cited case law in rendering his decision! With today’s judicial system however anything can change in a heartbeat,
He has also ordered J-n-J to post a BOND with the court In case the Defendants do mount a successful defense and prevail , The court will decide what it is based on submissions by both the plaintiff and the defendants , that we will know in the next five days.
The case will take the better part of the next two to three years. I have been around 14 so heck how do they say it; ani’t lost a dime unless I sell.
It certainly also is not a glowing recommendation that DECN will prevail at this point on the infringement ,
We both however know judges, jury's and the legal system of the USA render some strange decisions.
This judge has posted some good cases/causes as reasons for his current decisions.
Trust me as a CCED? (care decision) long term holder I am looking for a more favorable result than this.
Peace Holdm
Then why did the Judge write this ?
the court has found that the patentee has demonstrated a likelihood of success on the question of infringement,
And order them (J&J) to post a condional bond ?
Check this link ,,dont think you will find them,,,, for sale even on line real shortly
For the foregoing reasons, the court GRANTS Plaintiffs’ Motion for Preliminary Injunction. Defendants, along with their officers, directors, partners, agents, servants, employees, attorneys, subsidiaries, and those acting in concert with any of them are enjoined from making, using, offering to sell, or selling within the United States
http://ia600708.us.archive.org/4/items/gov.uscourts.cand.246240/gov.uscourts.cand.246240.docket.html
see dockets 245 & 246
not as positive for DECN as some are posting.
They stock it in the Two Warehouses they lease ......
OPPS those are empty warehouses ,,,,,,,LOL
GLTA
Good Luck ,,,,
and hope it was a Good settlement ,,,,,,,
Peace ,,,,,,,,
I will be looking forward to the next 10 K/Q
Not sure anyone is EXCITED ,,,,,
Don't like giving Blank Checks out.
one thing is certain NO Clean Coal in Our Stockings this year.
goal post now moved back again ,,,,,
wlll this do ?
Pilot Plant.
Design work on the pilot plant is well underway under the terms of the EPC contract executed between Good Coal Pte, Ltd. (CCTI-Archean JV) and SAIC. Dimensioning of the equipment and its design to handle vastly different coal types are at a very advanced stage and, to date, tests have been very encouraging. The pilot plant project is on track to be completed during Q1 of 2013. Completion and successful commissioning of the pilot plant trigger cash inflows to CCTI totaling $2,375,000 and will provide the basis to begin the roll out of full-scale commercial plants.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8914310
Peace Holdm
is that with the secret partner ? in Carolina ?
or are they just a Prodigy.....
no they are still trying to charge it up......
just have not figured out how to..... generate more Christmas excitement ,,,,,, but wait there's more ,,,,,,,,
You just wait and see the impressive Chris Winter ,,,, LMAO
Current Management
or
Past Management ?
Life is based on decisions, and the information you assemble as you make those decisions.
I wish no hard luck on anyone,
But if you decide to challenge in the game, you must be prepared to win or lose,,,,, (no wimping out)That’s part of what is wrong with our schools today we accept or blame others for our short falls.
Unless I can absolutely prove it one way or the other, My Pops always says make your decision pro or con and live with it , don’t try to blame your mistake on others,,,,
Many who have traded the dips and swings have made money here,
just a way you may decide to trade/invest si?
I think all we have is a empty shell ,,,,, Winters just did the R/S and now is sitting on it,,, until there is REAL fillings merging/acquiring Carmill.
this is what it is,, a long,, LONG,, shot, and a dream,,,,
but WAIT theirs MORE! I PROMISE U BY CHRISTMAS YOU WILL ALL BE VERY HAPPY ,,,,,LMAO,,,,,,,
Good Luck to all of us........
its now up for replay so I encourage you to listen ,,,,,,,
its normally available 12-24 hours after the webcast,, at the same web link for those who missed, or check the CCTI web page ,,,,
Ok ,,, Spin it any wat you want, LMAO
the Fact
is hereby amended to reflect Benham's name change effective October 1, 2010, to SAIC Energy, Environment & Infrastructure, LLC ("SEE&I"), by replacing "Benham" with "SEE&l" where appearing therein. All other provisions of the Agreement remain the same.
http://www.sec.gov/Archives/edgar/data/1445109/000117935011000029/benhamamendment.htm
EX-10 6 benhamamendment.htm BENHAM CONTRACT AMENDMENT
http://www.sec.gov/Archives/edgar/data/1445109/000117935011000029/benhamamendment.htm
AMENDMENT TO
UMBRELLA AGREEMENT
The Umbrella Agreement between The Benham Companies, LLC (Benham") and Clean Coal Technologies, Inc. for the provision of Engineering, Procurement and Construction Services and to establish a Revenue Sharing Tolling Arrangement (Rev 7, August 21, 2008) (the "Agreement"), entered into the 19th day of September, 2008, is hereby amended to reflect Benham's name change effective October 1, 2010, to SAIC Energy, Environment & Infrastructure, LLC ("SEE&I"), by replacing "Benham" with "SEE&l" where appearing therein. All other provisions of the Agreement remain the same.
IN WITNESS WHEREOF, the Parties represent and warrant that this Amendment is executed by duly authorized representatives of each Party as set forth below effective the 21 day of February 2011.
SAIC ENERGY, ENVIRONMENT & INFRASTRUCTURE, LLC
By: /s/Kenneth A Nelson
SR Vice President
2-21-2011
CLEAN COAL TECHNOLOGIES, INC.
By: /s/Douglas Hague
Chief Operations Officer
February 21, 2011
EX-10.1 6 ex101benhamcctifinal.htm BENHAM AGREEMENT EXHIBIT 10.1 TO FORM 10
http://www.sec.gov/Archives/edgar/data/1445109/000117935009000002/ex101benhamcctifinal.htm
Umbrella Agreement Between
The Benham Companies, LLC
And
Clean Coal Technologies, Inc.
For The Provision of
Engineering, Procurement and Construction Services
And To Establish
A Revenue Sharing Toll Arrangement
Rev 7, August 21, 2008
.
1.0
BACKGROUND
Clean Coal Technologies, Inc. is the owner of a patented process that removes up to 90% of the impurities, contaminants and other polluting elements inherent in coal, resulting in a more efficient, clean-burning fuel source. Science Applications International Corporation (SAIC), parent company of The Benham Companies, LLC (BENHAM) has supported Clean Coal Technologies, Inc. (CCTI), since 1987 in the development of a proprietary technology (Technology) to pre-process solid coal in a manner to remove certain pollutants along with excess moisture prior to use as fuel in coal-fired power plants. CCTI has recently requested that SAIC through BENHAM provide a proposal to provide all engineering, procurement and construction (EPC) services related to the application of this Technology in the U.S. as well as non-U.S locations, including China.
During preliminary meetings in Mclean, Virginia and Oklahoma City, Oklahoma, CCTI and SAIC briefed Benham on the basic concepts envisioned for the Technology and desire to construct processing plants in the U.S. as well as non-U.S. locations, specifically China.
2.0
CURRENT STATUS OF TECHNOLOGY AND UNIQUE PROJECT CONSIDERATIONS
During meetings in Oklahoma City on October 29 and 30, 2007, CCTI provided to Benham current patent information (patent number US 6,447,559 B1 issued Sept 10, 2002) related to the Technology. The patent information describes the basic concept of processing coal through multiple stages of heating zones to sequentially drive off moisture and various other compounds. The specific method of processing the coal i.e., vessels, structures, motive forces, heat sources, burner designs and heat recovery systems were not specified.
After discussing the process with CCTI during the referenced meeting, Benham has concluded that a considerable amount of research/development and custom engineering will be required to achieve the goals outlined in the patent application and conveyed by CCTI personnel. The Technology can be divided into individual processes, each with multiple engineering challenges as follows:
2.1
Selection and design of optimum structure for heating the coal in multiple stages at a controlled rate, i.e.:
2.1.1
Inclined rotary vessel, vertical tower with inclined feeders, static designs with moving conveyance, etc.
2.1.2
Basic requirement is to heat the coal to prescribed temperatures at prescribed rate without introducing oxygen into the process
2.2
Selection and design of proper handling and conveyance method to be used to move the coal through the process including:
2.2.1
Handling of the coal to prevent excessive physical destruction
2.2.2
Withstanding of high temperature environment
2.2.3
Ease of sealing against introduction of air
2.2.4
Controllability
2.3
Selection and design of method of introducing heat to high temperature zone(s). During the initial discussions, Benham performed heat input calculations that indicate the process will be likely be too expensive if purchased or self-generated electricity is required for the heat source. The viability of the process will likely hinge on the design of a heating system using a slip stream of the processed coal as the fuel source. The design of this burner as a closed radiant system will present special challenges.
2.4
Selection and design of heat recovery methodology. As noted in 2.3, the energy consumption of the process will be critical to a successful business plan. Issues include:
2.4.1
Minimization of the amount of processed coal diverted to the heating process
2.4.2
Efficient heat recovery process that achieves maximum re-use of the heat from the high temperature zones to the low temperature zones without introduction of air
2.4.3
Proper handling of the fly ash issues.
2.5
Selection and design of process to recover hydrocarbons and other coal pollutants. Custom separation vessels may be required to address the specific chemistry encountered.
Based on the above issues, the project will require creative, unique, custom designs for each of the challenges described, as opposed to a straightforward process/application engineering project where existing unit processes are applied to the overall project.
The requirement for this design approach is further discussed in the Compensation section of this proposal.
3.0
PROJECT APPROACH
Benham proposes to provide EPC services to CCTI on a phased basis. The phases are as outlined below. Benham and CCTI (or its designated in-country partner or customer) will execute a separate EPC or Design/Construction Management contract for each Location-Specific plant. The specific EPC or Design/Construction Management contract will contain all typical terms and conditions for design and construction; however, the project approach and compensation shall be as follows:
·
Phase 1
Conceptual Design- Basic Process Unit
Upon identification of a CCTI customer for Location-Specific Plants, Benham will proceed with additional phases as follows:
·
Phase 2
Conceptual Design- Location-Specific Plant
·
Phase 2A Feasibility Report For Location-Specific Plant and Revised Patent Application Support
·
Phase 3 Preliminary Design- Location-Specific Plant
·
Phase 4 EPC –Location-Specific Plant
·
Phase 5 Commissioning and Optimization Location-Specific Plant
·
Additional Phases (repeat of Phases 4 and 5) for expanded capacity at Location-Specific Plant
3.1
Phase 1- Conceptual Design of Process Unit Rated at 30 Tons Per Hour (Coal Input).
This Phase does not include coal receiving and handling or coal handling after processing.
*
Basic Process Unit Design
*
Structural Layout
*
Internal feeder conveyor concept including refractory issues
*
Heat source and burner concept
*
Heat recovery concept
*
Gas recovery concept
*
Process unit control concept
*
Process Flow Diagram for Single Process Unit
*
Heat and Material Balance
*
Utility Requirements Diagrams
*
Conceptual Equipment Data Sheets
*
Conceptual Cost Estimate
1.2
Phase 2- Conceptual Design of Location-Specific Plant
This phase will consist of applying the Process Unit Design developed in Phase 1 to develop a concept for the overall Location-Specific Plant
·
Determine number of process units required for initial design production capacity
·
Conceptual Plant Layout
·
Layout of coal receiving and distribution to process units
·
Layout of processed coal distribution to load-out station
·
Determination of plant utility requirements
·
Conceptual Project Schedule
·
Conceptual Plant Cost Estimate
1.2
Phase 2A- Feasibility Study as Required by Specific Customers
This phase will consist of utilizing the information developed in Phases 1 and 2 above to provide the Feasibility Studies as may be required by specific customers. The content of any particular feasibility will vary. An example of such Feasibility Study for a China customer is outlined in the Table of Contents shown in Attachment 1. The Feasibility Study will consist of a joint effort between Benham/SAIC, CCTI and CCTI’s particular customer or Partner. The assumed responsible party for each element of the Feasibility Study is indicated in Attachment 1.
3.4
Phase 3
Preliminary Design of Location-Specific Plant
Based on the approved Concept Design, Benham will proceed with the Preliminary Design of the Location-Specific Plant. During this phase, all documents will be advanced to a stage suitable for refining the cost estimate to the point of obtaining approval to begin equipment procurement and final EPC. The activities include:
*
Refine all conceptual documents
*
Gather all detail site information
*
Process Flow Diagrams are advanced to Piping and Instrumentation Diagrams (P&ID's)
*
Plant Layout is Finalized
*
Preliminary Civil, Structural, Mechanical and Electrical Plans and Details
*
Equipment Specifications and Data Sheets Finalized
*
Instrument Specifications Finalized
*
Functional Specification for integrating the Basic Process Unit Control System into a plant-wide control and monitoring system for the Location-specific Plant indicating all control and monitoring requirements, Human-Process interfaces and equipment specifications
*
Initiate Coordination with Local Authorities- Environmental, Safety and Building Permits
*
Updated Cost Estimate for approval for final EPC
*
Prepare Detail Project schedule
3.5
Phase 4- Final Engineering and Construction
*
Equipment Procurement Process initiated
*
Negotiations/Selection of Equipment Fabricators
*
Negotiations/Selection of Non-U.S. Design and Construction Partners (if required)
*
Final Process Engineering- Benham
*
Final Balance of Plant Engineering- Non U.S. Partner/Design Institute (if required)
*
Prepare Commissioning Plan
*
Coordination with Local Authorities for required permits
*
Site Mobilization and early site work
*
Coordination of imports
*
Oversight of Balance of Plant design by Non-U.S Partner/ Design Institute (if required)
*
Construction/Equipment Installation by Benham as an EPC contractor or through a Construction Management Agreement with Benham whereby equipment and labor contracts held by CCTI, its in-country partner or customer as designated by CCTI.
3.6 Phase 5- Commissioning and Optimization of Location-Specific Plant
After completion of construction, Benham will commission all systems in accordance with the Commissioning Plan prepared during Phase 6 to assure proper operation in accordance with design intent before turnover for production.
After successful Commissioning, the Location-Specific Plant will be turned over for production start-up. During the initial phases of production, Benham will participate with CCTI in the Plant Optimization Phase to achieve ramp-up to full production level in the minimum period.
4.0
Compensation
1.1
Concept Phases
For each Location-Specific Plant identified by CCTI, Benham will perform the services outlined in Phases 1 and 2 on an hourly basis in accordance with Attachment 2, Schedule of Hourly Rates. We estimate the total fee per location for Phases 1, 2 and 2A to be between $100,000 and an upper limit of $500,000, excluding any international travel.
1.2
EPC Pricing
Benham proposes that EPC pricing for Location-Specific Plants be based on a combination of direct cost of labor and material plus fees to cover general conditions, engineering, overhead and profit. The standard fees shown below are estimates at this time and will be refined after the Concept Phase to reflect the actual scope and complexity of the project:
Equipment Cost
Based on open book bids obtained by Benham
Labor and Material Subcontracts
Based on open book bids obtained by Benham
Equipment and Labor Contingency
As Agreed by CCTI
General Conditions for
Construction Management
(Construction supervision,
procurement, project controls
plus miscellaneous cost not included
in trade subcontracts)
8.0 Percent of Equipment and Labor Cost
Engineering
10.0 Percent of Bottom Line EPC Cost
Construction Overhead
5.0 Percent of all above
Construction Profit
8.0 Percent of above (excluding engineering and labor portion of construction management)
Travel and living expenses are not included and will be reimbursed at cost plus 10 percent.
1.3
Construction Management Pricing
In particular locations where it is not practical from a legal or business standpoint for Benham to provide full EPC services, the Location-Specific projects shall be executed using a Construction Management approach whereby:
Benham performs design as outlined in the EPC section above
Benham solicits bids and writes contracts for equipment, material and labor subcontracts as an agent of CCTI, its in-country partner or customer. The actual contracts will be held by CCTI, its in-country partner or customer as determined by CCTI.
Benham oversees all commissioning, start-up and ramp-up activities.
All fees for Construction Management services shall be same as outlined above for EPC contracting arrangement.
4.3 Billing and Escrow
An Escrow Agreement will be executed by and between The Benham Companies and CCTI for the purpose of funding anticipated project expenses. The escrow account will be set-up at a US bank that is mutually acceptable to both parties. Deposits will be made into the Escrow account by CCTI on the first business day of each month. Each monthly deposit will be made in an amount equal to the pro forma invoice submitted by Benham to CCTI seven (7) business days prior to the end of each month. The pro forma invoice will represent the forecasted cost for that month.
Benham will prepare and present to CCTI a monthly progress invoice no later than the 6th day of the month. Benham shall be paid from the escrow account no later than the 15th day of the same month.
4.4
Additional Consideration for EPC Pricing
As discussed in paragraph 2.0 above, successful implementation of the process Technology contemplated by CCTI will require the development by Benham of unique design solutions not currently available as standard technology. Development of these solutions will add value to the CCTI Technology. CCTI shall grant Benham, the right, without fee, to use and/or sell any such technology to any other party as long as the application does not compete with the CCTI Coal Processing Technology. CCTI would be eligible to receive a portion of the proceeds of any agreement that utilizes technology developed.
In recognition of the value to be provided by Benham toward the commercialization of the CCTI Coal Processing Technology, CCTI agrees to the following:
1)
When the selection of an EPC Contractor for any future plants to be built utilizing CCTI Technology is within CCTI’s control, CCTI shall contract with Benham on an exclusive basis for all EPC services. For instances when such selection is not within the sole control of CCTI, then CCTI shall make recommendations and assist Benham in any reasonable way to obtain the EPC contract.
2)
Pay to Benham a toll of five percent of all gross revenues received by CCTI from the sale of the CCTI Technology, the operation of franchised plants utilizing the CCTI Technology or revenue received on any other basis that is related to the Technology described in this agreement. This clause will remain in effect for a period of 15 years, commencing from the date that CCTI receives its initial revenue stream from its China operations.
ACCEPTANCE OF PROPOSAL
Date __________________________
Date_________________________
CLEAN COAL TECHNOLOGIES, INC.
THE BENHAM COMPANIES, LLC
_________________________________
______________________________
Doug Hague
Kenneth A. Nelson
President & Chief Executive Officer
Senior Vice President
Will a 10K / Q Work ?
http://www.sec.gov/Archives/edgar/da...mcctifinal.htm
then there is the
Amended agreement 2011 basically The Benham name change
http://www.sec.gov/Archives/edgar/da...mamendment.htm
100% correct,,,,,
You bet , that way you can exercise that warrant, seven arts wants you too. Lets just say there will be 15 million warrants, they sell say 7-8-mill of them at say 1.50 each not a bad payday of 10-11 mil for Him. HMMMM
each warrant, once distributed following such approvals, will be exercisable for the purchase of one share of the Company's post-reverse split common stock at a price equivalent to today's post-reverse split closing bid
aghh lets see by friday we can start trading again, they will have the shares thing sorted out, I say it Drops like a Big THUD.
LOL generally when there is a split, reverse ETC. it takes THREE Days to recall & reissues shares, What is trading today is shares issued today from company and or shorts,,,,,, JMHO ,,,,,,
Not a thing,,, thats what the problem is ,
dint worry someone will buy a 100 bucks worth to take it back to .30-.35 cents,,,,,,,,,
Thanks for your opinions
Each of those words are interpreted and placed in contracts because of our litigious society, & for people like you and I to spin it ,,,,,,,,
Is the clean coal chute half full or half empty ,,,,
the clock is ticking ,,,,,,,,,,,,
Gotta run have a good day ,,,,
They have Filed a 8K the contract.
the same one we both referenced today.
Exhibit 99 to Clean Coal Current Report on Form 8-K filed 4-5-12
Clean Coal Technologies, Inc. (“CCTI”) ,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78751174
LOL Spinner
In addition to the royalty fee, Jindal will pay the Company a one-time license fee of seven-hundred and fifty million dollars ($750,000). The license fee will be paid in two installments as follows: a) three-hundred and seventy-five thousand dollars ($375,000) upon signing of a pilot plant construction contract and b) three-hundred and seventy-five thousand dollars ($375,000) upon the successful testing of Jindal's Indonesian coal at the pilot plant.
here its on this 8K
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8533356
News this morning
nice to see Rev's are coming in,per contract terms,
THANKS ATH ,,,,
it certainly put a smile on my face ,,,,,
I am going to send my mortgage company a percentage check this month LOL
Peace and have a great weekend
Yep and they are real current from 2000 & 2001
If that's the case, you should be shorting the heck out of this, no trade or sub penny you can make a killing,,,,,,,,
so please short it,,,,,,,
Or any of the Bond Girls, James Bond.
of course we would all need to be in our prime LOL,
Star,
I think we should be seeing a PR soon, think it will go something like this
Executive/Director OF (IHAI) Innovative Holding Alliance Inc
Replaced /Resigned after PLEADING GUILTY to fraud & conspiracy charges.
makes you wonder why the SEC is taking so long to help them clean up this company,,,, but then again we have until 2015,,,, think it is about time he is released or off probation ? Will just have to wait and see I guess.
Time is all we have just like Mr. Cartagena.
of course it is just my opinion,
The company is too busy with all the unproven projects, organization buliding and SEC filings in trying to make this a clean shell to inform share holders of any thing,,,
we are just share holders & they dont owe us SSSSSSSSS T
Peace
Hornet,
Try this web page see if it fits the PSGS
Notice who is the owner,,,,,,,
I am sure the unit they show on the Carmil site is a bench top (large unit)
http://aemtfl.com/
its Called Airborne Electrical Motors & Trchnologies Inc
Address:
711 Wesley Ave., Unit B
Tarpon Springs, FL, 34689
Phone:
727-940-5221
DANIEL DEJESUS -VETERAN & CHIEF EXECUTIVE OFFICER
AIRBORNE ELECTRICAL MOTORS & TECHNOLOGIES LLC
727-940-5221
FAX-727-940-5223
BOOMBONICS@MSN.COM
keep up the GREAT work ,,,,,,,,,
Peace Holdm
Almost as much as I read on Message boards and see on TV ,,,,
but the most believable story's come from message board mods,,, JMO
Respected reporter
I have no Idea why this reporter got the last two sentences of the article incorrect, nor can I speak for him. To say or imply that he is being less that truthful well, he does look like a respected member on the Indonesian today as a reporter. Along with other team members. NEWSROOM reporters, Yosef Ardi, Hans GN, Ferdi Hasiman, Haryanto Suharman, Teguh Hidayat, Hatman Bintang, Indra Budiari, Devie Nova
http://www.theindonesiatoday.com/the-team.html
And let’s not forget that the deal is with Archean and that was the primary focus of the article, but then again some people just want to put the spin on everything to cast doubt.
NEW YORK, Indonesia Today - Clean Coal Technologies, Inc. (CCTI) has received an investment ofUS$2 million from the Archean Group to develop its Pristine-M™ technology throughout the ASEAN region.
CCTI has issued a convertible debenture which will represent 6.7% of the outstanding shares of CCTI.
CCTI has entered into a binding terms of agreement for a joint venture with the Archean Group to develop, deploy and market CCTI’s Pristine M technology throughout the ASEAN region. It is anticipated that the joint venture company will be owned 55% by Archean and 45% by CCTI.
In exchange for a 55% ownership interest in the JV, Archean has committed to contribute US$4.0 million to the JV. Of this amount, it is anticipated that US$2.0 million will be used to fund the construction of a 1:10-scale pilot plant in Oklahoma.
The remaining US$2.0 million is a one-time license fee that will be payable to CCTI upon successful commissioning of the pilot plant.
In exchange for its 45% ownership interest in the JV, CCTI will contribute a 25-year exclusive license to develop market and deploy its Pristine M technology, covering the ASEAN countries, including Indonesia, the Philippines, Cambodia, Vietnam, Malaysia, Brunei, Thailand, Laos and Myanmar.
Clean Coal to Invest $2 Mln on Pristine-M™ Technology in ASEAN
Thursday, 22 March 2012 09:09
Written by Hatman Bintang
Coal Mining
NEW YORK, Indonesia Today - Clean Coal Technologies, Inc. (CCTI) has received an investment ofUS$2 million from the Archean Group to develop its Pristine-M™ technology throughout the ASEAN region.
CCTI has issued a convertible debenture which will represent 6.7% of the outstanding shares of CCTI.
CCTI has entered into a binding terms of agreement for a joint venture with the Archean Group to develop, deploy and market CCTI’s Pristine M technology throughout the ASEAN region. It is anticipated that the joint venture company will be owned 55% by Archean and 45% by CCTI.
In exchange for a 55% ownership interest in the JV, Archean has committed to contribute US$4.0 million to the JV. Of this amount, it is anticipated that US$2.0 million will be used to fund the construction of a 1:10-scale pilot plant in Oklahoma.
The remaining US$2.0 million is a one-time license fee that will be payable to CCTI upon successful commissioning of the pilot plant.
In exchange for its 45% ownership interest in the JV, CCTI will contribute a 25-year exclusive license to develop, market and deploy its Pristine M technology, covering the ASEAN countries, including Indonesia, the Philippines, Cambodia, Vietnam, Malaysia, Brunei, Thailand, Laos and Myanmar.
In late January 2012, CCTI established a JV with India-based Jindal Steel to construct coal moisture pilot plant which will use Jindal’s Indonesian coal production, which previously expected to commence by February 2012.
CCTI will bag around 35% stake in the JV by contributing 25-year exclusive license to market and deploy Pristine-M™ Technology, while Jindal will own 65% ownership through US$6 million payment of which US$4 million of them will be paid to CCTI for an exclusive license of the technologies. (bintang@theindonesiatoday.com)
http://www.theindonesiatoday.com/bre...in-asean-.html
Thanks JB
Clean Coal Agrees to Sign Technology License Agreement with Jindal Steel & Power Ltd., Agrees to Form Joint Venture with the
Clean Coal Agrees to Sign Technology License Agreement with Jindal Steel & Power Ltd., Agrees to Form Joint Venture with the ...
PrintAlert
Clean Coal Techs (QB) (USOTC:CCTC)
Intraday Stock Chart
Today : Thursday 15 March 2012
Clean Coal Technologies, Inc. (“CCTI”), a cleaner-energy technology company, “fully-reporting” and listed on the OTCQB (symbol CCTC), and Jindal Steel and Power Ltd. (“Jindal”) have agreed to enter into a Technology License Agreement (“TLA”) in lieu of the formerly announced Joint Venture Agreement contemplated under the Memorandum of Understanding signed between CCTI and Jindal on January 27, 2012. The decision to enter into the TLA was arrived at jointly and is beneficial for both companies as it allows Jindal to focus on its core business model in Indonesia of supplying dry, high-quality coal to their steel and power businesses in India while allowing CCTI to focus on the development and marketing of its technology to third parties.
Under the TLA, CCTI will receive an on-going royalty fee on all processed coal from Jindal majority-owned mines in the ASEAN region. In addition, Jindal will pay CCTI a one-time license fee immediately upon the signing of a pilot plant construction contract (the “EPC Contract”) with SAIC Energy Environment & Infrastructure (“SEE&I”) and the payment of the deposit to SEE&I. The amount of the royalty fee and license fee are awaiting committee approval by Jindal and will be announced shortly.
For its ASEAN region joint venture initiative, CCTI has instead entered into a binding terms of agreement for a joint venture with the Archean Group (“AGPL”) to develop, deploy and market CCTI’s Pristine M technology throughout the ASEAN region. It is anticipated that the joint venture company (the “JV”) will be owned 55% by AGPL and 45% by CCTI.
In exchange for a 55% ownership interest in the JV, AGPL has committed to contribute U.S. $4.0 million to the JV. Of this amount, it is anticipated that U.S. $2.0 million will be used to fund the construction of a 1:10-scale pilot plant in Oklahoma. The remaining U.S. $2.0 million is a one-time license fee that will be payable to CCTI upon successful commissioning of the pilot plant.
Construction of the pilot plant in Oklahoma will commence immediately upon execution of the EPC Contract and receipt of a down payment to SAIC by the JV. It is expected that the EPC Contract will be formalized this month and construction of the pilot plant will begin in April with construction scheduled to be completed within 16 to 24 weeks. Under the binding terms of the agreement, AGPL will pay a U.S. $1.00 per ton ongoing royalty fee for all coal processed from AGPL majority-owned mines provided that no royalty fee will be payable for the first two million tons of coal produced.
In exchange for its 45% ownership interest in the JV, CCTI will contribute a 25-year exclusive license to develop, market and deploy its Pristine M technology, covering the ASEAN countries, including Indonesia, the Philippines, Cambodia, Vietnam, Malaysia, Brunei, Thailand, Laos and Myanmar.
In addition to providing certain funding for the JV, AGPL has also agreed to purchase a 6.7% stake in CCTI for U.S. $2.0 million. It is anticipated that the funds will be paid to CCTI during the week of March 19, 2012.
CCTI’s CEO, Robin Eves, stated: “We are delighted to have signed this agreement with AGPL and agreed to restructure our transaction with Jindal. The result is that CCTI will have a larger stake in the ASEAN region joint venture, two commercial projects in Indonesia immediately to follow the successful deployment of the Pilot Plant, two royalty-paying clients, and license fees totaling U.S. $2.75 million, up from U.S. $1.5 million, prior to the AGPL transaction. AGPL’s agreement to make a direct investment of U.S. $2.0 in CCTI will provide working capital and the ability to reduce our debt.
Upon completion of these transactions, CCTI will have cemented two very powerful commercial partnerships in Asia. We have agreed to restructure our agreement with Jindal while aligning ourselves with a strong and viable global coal producing, trading and marketing company. We are very pleased to have agreed to work towards a new license agreement with Jindal and look forward to building on the very solid relationship that has been forged between our two companies.”
Mr. Eves added: “The Archean Group has an enormous marketing footprint in Asia, the Middle East and Africa. At present, AGPL owns estimated reserves of 800 million tons of coal in Indonesia and is currently exporting 2.5 million tons per annum to China and 1.5 million tons per annum to India. Plans are in place to ramp up Indonesian production and exports to 10 million tons per annum by 2013. Their global trading and marketing network will be invaluable for introducing CCTI’s Pristine M technology around the world.
Additional information regarding the terms of the TLA and EPC Contracts will be disclosed upon execution of the agreements.
The Archean Group Companies
Archean Group is a professionally managed diversified conglomerate having strategic business interests, investments and over 30 years of operational experience in high growth sectors such as mining & minerals, industrial chemicals & fertilizers, shipping & shipbuilding, building materials, oil & gas services, and energy & infrastructure.
Under the Group’s mining portfolio, Archean Group is present in Indonesia since early 2004 and owns several thermal coal-mining concessions that are under various stages of operations across different coal rich provinces in Indonesia. Currently, with combined estimated reserves in excess of 800 million tons and a successful track record of production, Archean is on the path of expansion. Being one of the very few Indian companies to be able to operate in Indonesia at a large scale, Archean is looking to take advantage of the enormous potential from the low rank coal deposits in Indonesia, thereby strategically positioning itself to be a significant, reliable and long-term player in the rapidly growing Asia Pacific energy market.
Matters discussed in this press release contain forward-looking statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the CCTI. Such risks and uncertainties include, but are not limited to, the time frame for construction of the pilot plant, production of revenue, and the impact of rapid price and technological change as well as competition in the energy market, and supply uncertainties and other risks.
About Clean Coal Technologies, Inc.
CCTI, (http://www.cleancoaltechnologiesinc.com) a cleaner-energy, technology company with major offices in Coral Spring, Florida and New York City, NY, owns a patented process technology to design and build, state of the art plants, which convert coal into a cleaner burning fuel source. This technology utilizes a patented pre-combustion beneficiation process. The Company's patented end product “PRISTINE™” coal is significantly more efficient, less polluting, more cost effective, and provides more heat than untreated dirty coal. The principal elements of this pre combustion technology are based on well-proven, off the shelf components and equipment. Its clean coal technology reduces some 90% of chemical pollutants from coal, including Mercury, thereby resolving emission issues affecting coal-fired power plants.
About Jindal Steel & Power Limited (JSPL)
Jindal Steel and Power Limited (JSPL) is one of India’s major steel producers with a significant presence in sectors like Steel, Mining, Power Generation and Infrastructure. With an annual turnover of over US $2.9 billion, JSPL is a part of the over U.S. $15 billion diversified O. P. Jindal Group. In the recent past, JSPL has expanded its steel, power and mining businesses to various parts of the world particularly in Asia, Africa and South America.
The company produces economical and efficient steel and power. From the widest flat products to a whole range of long products, JSPL sports a product portfolio that caters to major infrastructure and housing projects in the country. It also has the distinction of producing the world’s longest 121 metre rails and large size parallel flange beams, high strength angle irons for transmission towers and high strength earthquake resistant construction rebars.
The organization is equally concerned about the environment and is committed towards restoring nature’s balance by maintaining a clean and green environment. JSPL’s Corporate Social Responsibility policy aims at bringing about a radical transformation in the quality of people in and around the operation areas of the company through positive intervention in social uplifting programs.
Forward-Looking Statements
Matters discussed in this press release contain forward-looking statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks.
http://ih.advfn.com/p.php?pid=nmona&article=51642732
what line would that be ?
are you saying you have proof there is no deal ? please post the link, not assumptions.
Or that Eves is informing the investors of this company of a extension in negotiations with a 8k.
could swear there was a person at one time saying how come this company never files 8k's..... hmmm, Time will tell won't it? then again that person also claimed sub penny,,,,,,(cried wolf)
Peace Holdm
New 8K out
As previously announced, Clean Coal Technologies, Inc. and Jindal Steel & Power Ltd. entered into a Memorandum of Understanding to form a joint venture. The term of the Memorandum of Understanding has been extended until March 15, 2012 while the parties are working towards finalizing the definitive agreements.
http://biz.yahoo.com/e/120228/cctc.pk8-k.html