Oct 26, 2005 (M2 PRESSWIRE via COMTEX) -- Arlington, Texas, Opening Bell Report
& Alerts - First American Scientific Corp (FASC - OTCBB) Announces Signing of
Exclusive Agreement to License KDS Technology (processing of biomass for the
production of energy and in other areas) in Japan, AMD (NYSE: AMD) to Use 100
Percent Renewable Energy in Austin, INSEQ (OTCBB: INSQ) Announces GREX Renewable
Energy Certificate Trading Platform, and GreenShift (OTCBB: GSHF) Announces
Testing of Tornado Technology on Food Products.
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Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to
announce the signing of an exclusive license agreement for manufacturing and
marketing the KDS System in Japan with JP Steel Plantech Co.(SPCO) of Yokohama,
Japan.
JP Steel Plantech Co. is a well established engineering company formed in 2001
by four Japanese steel industry giants; Kawasaki Heavy Industries (KHI), Hitachi
Zosen (Hitz), JFE Engineering (JFE) and Sumitomo Heavy Industries (SHI). The
alliance was created by consolidating the resources of these four major Japanese
integrated iron and steel plant equipment manufacturers to lead the world in
production technology and product quality. Their corporate mission is to
contribute to the development of the world's steel industries, as well as the
protection of the global environment. As the exclusive KDS licensee in Japan,
they will marshall world-class iron and steel engineering resources and
state-of-the art environmental technologies to ensure the successful launch of
our marketing efforts in Japan.
A market analysis prepared by JPSPCO concluded that there is significant need
for the KDS technology in Japan, particularly in the processing of biomass for
the production of energy and in other areas. SPCOs decision to represent the KDS
in Japan has been thoroughly researched in a due diligence process that lasted
well over one year. We are confident that this agreement will bring significant
success for both parties.
The first step will be to install a fully operational KDS processing facility in
Yokohama to be used for sales demonstrations and research purposes. One KDS
model JS-6 has been sold to the alliance and is now being constructed to
Japanese standards. This first plant is expected to be fully operational by
early 2006.
According to Brian Nichols, "we are absolutely convinced that SPCO is the right
company to do the job of introducing the KDS technology to Japan and to achieve
the maximum results. They have shown they have the desire, the expertise and the
resources to succeed. We are most fortunate to have the opportunity to work with
a group with such exemplary credentials and are extremely optimistic about the
future success of the KDS in Japan."
This is FASCs third sale of KDS equipment in Asia, where one system is in full
production at a biomass power plant in Malaysia, and a second is planned for
delivery to South Korea later this year. Please refer to our web site for
further details.
New Energy Contract Makes AMD the Largest Private Green Power Subscriber in
Texas and 5th Largest Private EPA Green Power Partner in the Nation
AMD (NYSE: AMD) announced a new agreement with the Austin Energy GreenChoice
Program to purchase green energy derived from renewable resources that will
power all AMD Austin operations for the next 10 years, including the new AMD
Austin Campus which is expected to be operational in 2007. The new agreement
makes AMD the largest private Environmental Protection Agency (EPA) Green Power
Partner in Texas, the fifth largest private Partner in the U.S. and 12th largest
overall Partner in the nation. AMD was one of the first companies in Austin to
purchase green power through the Austin Energy GreenChoice Program and has
subscribed to all four batches of green energy offered since the program was
launched in 2000.
"AMD's long-term commitment to green energy is an important step forward in
encouraging wide adoption of renewable energy sources," said Kurt Johnson,
director, EPA Green Power Partnership. "AMD is providing an outstanding example
of environmental leadership."
Company to Sell Green Energy Products Through New Commodities Trading Platform
INSEQ Corporation (GSHF) today announced its plans to sell renewable energy
certificates ("RECs") and other green energy products through GREX(TM) - a new
INSEQ commodities trading platform devoted to the increased distribution of
green power to residential and commercial consumers.
GreenShift Corporation (GSHF) announced that an early-stage prototype of
GreenShift's proprietary Tornado Generator(TM) technology is being evaluated for
efficacy in processing food products by a domestic based multi-national food
products company.
GreenShift's Tornado Generator(TM) accelerates compressed air to supersonic
speeds in a closed cyclonic chamber where the air is powerful enough to almost
instantly grind, flash desiccate and atomize solid and liquid wastes and other
materials into micron sized powders.
Certain information and statements included in this release constitute
forward-looking statements within the meaning of the Federal Private Securities
Litigation Reform Act.
