Well I guess I was wrong about FASC part-owning a powerplant in Malaysia, at least by the looks of it:
Malaysia - FASCM Joint Venture & License Agreement
On July 8, 2004, we granted an exclusive license for 21 years to First American Scientific 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, we 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 new projects are at the quotation stage.
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This is a very solid, well financed operation in which we hold a 50% interest. The Malaysians are currently raising money privately to build a $1.3 million plant to process fibre which will be sold to China.
