10-Z's news release from EquitiLink...
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Business Summary
Incorporated in 1995, First American Scientific Corporation (otcbb: FASC) is an innovative equipment manufacturer and provider of turnkey systems for “materials processing”. The company’s patented “grinder/dryer”–the KDS Micronex™ Reduction System–processes a wide range of organic and non-organic into viable end products. The system also increases the overall profitability, and reduces the environmental impact of materials processing in general. Materials processed through the system are disintegrated and the moisture is removed mechanically in a single process. The resulting matter is a fine, dry powder. The KDS Micronex system can disintegrate nearly anything with its patented sound wave technology. This process, unlike the conventional blade-oriented grinders, functions with minimal power requirements and limited maintenance. The forces in the machine simultaneously grind, reduce moisture, and destroy pathogens. The pathogen destruction ability of the machine–attested by its designation as a Registered Pesticide Device by the US Environmental Protection Agency–make it a viable solution for the safe disposal/remediation of chicken droppings. With the Avian Flu crisis in the poultry industry making headlines worldwide, the KDS Micronex system looks like it may become a key component in the resolution of this growing calamity. The KDS Micronex system provides an economically attractive and environmentally beneficial solution to the problem of many forms of waste management. Lower capital and operating cost than other currently available grinder/dryer systems, combined with a much safer operating environment, give the KDS Micronex system a significant competitive advantage in some markets, while providing a significant technological breakthrough in others.
The KDS Micronex system is practical for a wide variety of applications. A few of the key applications where the KDS Micronex system has clearly demonstrated an advantage over conventional methods include:
- Biomass waste (i.e. manure, paper sludge, bio solids, wood waste and crop residues) into fuel and fertilizer;
- Soft rock minerals (i.e. limestone, zeolite, phosphate rock, gypsum and clay) into fertilizers and industrial feed stocks; and
- Agricultural and food wastes (i.e. bread waste, seaweed, oyster shell, fish bones , and food processing waste) into animal feed
The KDS Micronex system has numerous other potential applications as well, such as the production of micronized zeolite–a key component to a new technically advanced system for oil and gas well capping. FASC recently announced a CDN $5,00,000 purchase agreement with Haliburton Group Canada to provide them with micronized zeolite to support Haliburton’s oil and gas well activities in Western Canada.
The Haliburton agreement is just the tip of the iceberg in the oil and gas industry, as FASC’s subsidiary United Zeolite Products, Ltd (33% ownership) has commenced building a zeolite production plant in Princeton, British Columbia to further enhance their micronized zeolite production. Additional plans for the Company include building a much larger zeolite processing plant near other mineral claims (owned by Zeo-Tech Enviro Corp.) to support worldwide oil and gas well operations.
Investment Highlights
THE KDS MICRONEX SYSTEM CAN BE MARKETED TO NUMEROUS INDUSTRIES, AS THERE IS ALMOST AN UNLIMITED NUMBER OF COMMERCIALLY VIABLE APPLICATIONS FOR THE TECHNOLOGY
FASC’S MISSION IS NOT TO BE SIMPLY A MANUFACTURER OF THE TECHNOLOGY, BUT TO PARTICIPATE HANDS-ON IN ALL OF ITS APPLICATIONS.
THE COMPANY IS CREDIBLE, WELL-FINANCED, AND HAS RECENTLY SIGNED NUMEROUS LOI’S AND A GREEMENTS FOR THE KDS MICRONEX SYSTEM TECHNOLOGY THAT WILL SOON RESULT IN A NUMBER OF NEW CONTRACTS.
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