| Headwaters Incorporated, formerly known as Covol Technologies, Inc. is a technology development company. Headwaters has licensed its technology to other parties to produce and sell the products manufactured with the Covol binder technologies. Headwaters has contracted with Dow Chemical Company to produce chemical binder materials for the production of synthetic fuel made from coal fines. Substantially all of the equipment and machinery used for producing synthetic fuel is considered standard or off-the-shelf and is commercially available both domestically and internationally. Headwaters has organized various special purpose entities to facilitate some of the transactions relating to the 24 synthetic fuel facilities. |
