Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

KFx jumps on licensing deal w/ Taiwan (KFX) By Michael Baron
NEW YORK (CBS.MW) -- KFx (KFX) shares added almost 4 percent to $9.46 after the company inked a letter of intent to license its K-Fuel coal conversion process to the Taiwan government for use in its development of Alaska's Cook Island coal deposits. Financial terms of the deal weren't disclosed. The Taiwan government was represented in the transaction by Kanturk Partners, a Taiwan/U.S. merchant bank. Under the agreement, KFx received an upfront license fee and a "significant" carried interest in the project. At present, the deal commits the Taiwan government to facilitate the purchase of up to 8 million metric tons of K-Fuel per year by its state-run utility Taipower and other industrial customers