Sambeaux (and more): The point is that the stock price never comes up during the "sales pitch." FASC is still a "new" company in terms of getting their product accepted and the companies they are marketing to understand that.
FASC remains at the bleeding edge of biomass processing. Customers only care if the KDS can efficiently process their feedstock.
TR pointed out that the Prince George application is on hold while FASC addresses the high moisture content of the sludge. This can either be viewed as bad news or very good news. It is very good news if they are actually able to address this issue as it will open the doors to many more applications.
I have always believed that this is not a terribly difficult problem to address. If you start out with a seed feedstock of previously processed material that has low moisture content and mix it with the wet feedstock at the right proportions to lower the moisture content before it enters the KDS, then you can continue to recycle a portion of the dry, processed output from the KDS back into the mixing phase. There are questions of efficiencies due to an extra step requiring energy being added to the process and a reduction of throughput due to recycling of output.
There are, obviously, other ways to address the moisture issue, but this seems like the simplest. It keeps the removal of moisture as a function of the KDS instead of a separate process. This is one of the big advantages of the KDS.
The KDS claims fairly high efficiencies over other processes. Perhaps there is room for an extra step when processing very wet feedstock.
My guess is that FASC is no longer focusing on improvements to the KDS, but on the steps for preprocessing and conveying feedstock entering, and exiting, the KDS. We've all seen the pictures of the conveyor belt leading up to the KDS. This could never be the solution in a production system. There is too much human intervention required loading feedstock onto the conveyor. These issues must be addressed to provide a complete, automated system and they most likely have to be tailored for each application.
I would assume Dayton-Knight are involved with the Prince George application. And other engineering firms are involved with other applications interested in employing the KDS.
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