InvestorsHub Logo
Post# of 89565
Next 10
Followers 698
Posts 62025
Boards Moderated 9
Alias Born 08/10/2000

Re: None

Monday, 02/10/2003 1:10:10 PM

Monday, February 10, 2003 1:10:10 PM

Post# of 89565
First American Scientific Corp (FASC) and Alternative Green Energy Systems Inc.


/FROM CANADA NEWSWIRE VANCOUVER 604-669-7764/
TO BUSINESS EDITOR:

First American Scientific Corp (FASC) and Alternative Green Energy
Systems Inc. (AGES) announce receipt of an additional investment of
$ 400,000 from HydroQuebec Capitech Inc. (HQC)

First American Scientific Corp (FASC-OTC, BB)

MONTREAL, Feb. 10 /PRNewswire-FirstCall/ - C. Kantonen, Chief Financial
Officer, and Bill Barber, President of AGES, are pleased to announce the
receipt of a cheque in the amount of $ 400,000 Cdn from Hydro Quebec Capitech
Inc. This is the second installment under an agreement reached last year
between First American Scientific Corp, Thermix Combustion Systems Inc. and
HQC to develop and market the KDS Combustion System. Total investment to date
from HydroQuebec Capitech Inc is $ 1,000,000 Cdn.
Over the past 12 months, engineers from AGES and FASC, supported by
HydroQuebec, have been preparing and adapting FASC's KDS Micronex System to
convert heavily moisture laden bio-mass and pulp sludge into a fine, dry,
combustible fuel. The drying takes place during KDS process, eliminating the
necessity to add costly supplement fuel for drying. For large saw mills or
pulp & paper operations, energy costs, disposal and transportation costs can
be dramatically reduced while at the same time, reducing harmful materials
from polluting the environment.
The first system to be put on line is currently being installed at
Atlantic Packaging Limited's de-inking plant in Whitby, Ontario, Canada. The
KDS system will be part of a full run 24 hour a day pulp mill operation and
will be improved and adapted to de-water Atlantic's bio-solids/ sludge waste
stream. However, Atlantic's interest lies not only in the KDS system's ability
to produce a combustible powder from its waste sludge, but our engineers have
proven the system's ability to separate out the inert non-combustible clay,
leaving a higher BTU value in the combustible fiber and a valuable pure white
kaolin clay by-product that can be sold or re-cycled back into the paper
making process. The bottom line is no more disposal costs, a burnable high BTU
fiber, and a kaolin by-product that may be recycled into certain paper
products. TRUE TOTAL RECYCLING for many applications in the forest industry.
According to Mr. Barber "Primary/Secondary pulp sludge is typically
contains 80 % + water, making it difficult and costly to handle. Through a
system of recycling, the patented KDS Micronex machine can dewater these
materials down to 16% water content or less. At that point, the material may
be burned as conventional fuel in a hog boiler, in a standard boiler using the
Thermix combustion technology, or transported and disposed of at a much
reduced cost. Testing has also proven that the KDS system will remove a
significant level of all pathogens from sludge in addition to eliminating more
than 98% of all fecal coli forms, salmonella and e-coli bacteria. We thank
HydroQuebec Capitech for their confidence and support in our project as we
progress through the final stages of development, and into the marketing
phase."

Certain information and statements included in this release constitute
forward looking statements within the meaning of Federal Private Securities
Litigation Reform Act of 1995

ON BEHALF OF THE BOARD OF DIRECTORS C. Kantonen, Chairman
FASC: (NASD Bulletin Board) Web Site: www.fasc.net and
www.ages-biomass.com
Corporate Communications toll free at 1-(800) 561-8656

SOURCE First American Scientific Corp.

/CONTACT: Web Site: www.fasc.net and www.ages-biomass.com,
CorporateCommunications toll free at 1-800-561-8656;To request a free copy of
this organization's annual report, please go tohttp://www.newswire.ca and click
on reports@cnw./

Feb-10-2003 18:10 GMT
Symbols:
US;FASC
Source PRN PR Newswire
Categories:
NWR/PQ NWI/ENV NWI/OTC NWS/OTC MST/R/CA MST/I/POL MST/I/MKT


Art's Bored
#board-9480 - Sign up for email ALERTS.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.