I'm not sure,,,I will post the original PR
First American Scientific Corp. (OTCBB:FASC) signs collaboration agreement with Mitsui in Japan.
Mr. Kantonen, Chairman of First American Scientific Corp., is pleased to announce that FASC has signed an agreement with Mitsui Engineering and Shipbuilding Co. Ltd. (MES) who will conduct a feasibility study into the marketability of the KDS Micronex System in Japan and evaluate the opportunity of venturing into a licensing agreement to introduce the technology to the Japanese market. In addition, MES has agreed to undertake all necessary steps to file and protect First American's patents in Japan.
Mitsui Engineering and Shipbuilding Co. Ltd. has annual sales in excess of $3.9 billion USD. In addition to its core business, Mitsui manufactures engines, boilers and gas turbines, as well as builds plants for refuse disposal and water treatment and is active in the environmental industry. Mitsui, through its worldwide affiliates, has established joint enterprises in Japan with overseas IT venture businesses. The overseas partners provide products and technologies as well as new business models and their experience in markets overseas. Mitsui brings its market expertise as well as capabilities for performing back-office functions, handling distribution, and other business know-how.
First American Scientific Corp. is the owner of the patented KDS Micronex System, a unique one step process for drying and grinding waste biomass into a fine dry combustible fuel. According to David Dungate, V.P. of Marketing for FASC, "significant costs of waste disposal and recently introduced legislation requiring recycle of food and industrial wastes make Japan a high potential market for the KDS technology. The de-watering of waste biomass and other sludges can create a fine dry green fuel source that will achieve significant energy savings and, in some operations, can eliminate disposal costs."
First American Scientific Corp.'s president, Brian Nichols announces: "We are extremely fortunate to have joined forces with an industry leader of the calibre of Mitsui who bring a wealth of knowledge and expertise to the First American team. Upon completion of Mitsui's analysis, we expect them to take a much larger role in introducing our technology to the Japanese market"
