First American Scientific Corp (FASC:OTCBB) announces sale of KDS Micronex equipment to Firma Codogni in Poland
Thursday April 29, 9:30 am ET
VANCOUVER, April 29 /PRNewswire-FirstCall/ - David Dungate, M.Eng., Vice President of Sales & Marketing of First American Scientific Corp. (FASC) is pleased to announce the sale of a KDS Micronex System to Firma Codogni Spolka Jawna of Poland which will be used for the processing of chromite in the leather tanning industry.
Firma Codogni, located in Staloa Wola, southeast Poland has been supplying grinding and milling equipment in Eastern Europe for over 15 years. The KDS equipment was chosen for this application based on its superior ability to simultaneously pulverize and remove moisture from the host material without the requirement for supplemental heat. Testing has also shown that lower temperatures and negative air pressure in the processing chamber have made it easier to control emissions compared to competitor's machines for this application.
Project financing will be provided by Northstar Trade Finance Inc., a Canadian lender who provides funding in support of Canadian exports "provided they meet Northstar's requirements for export performance coupled with a credit worthy foreign buyer who is insurable by Export Development Canada."
According to MGM Engineering International Inc, FASC's representative in Poland, "We expect this first sale to significantly enhance our marketing efforts in Eastern Europe. The installation at Firma Codogni will clearly demonstrate the KDS Micronex capabilities and solidify our negotiations with several other prospective purchasers in the region".
"This sale represents the first of many that we expect to finalize in the region" stated Cal Kantonen, Chairman of FASC, "With patent protection already in place in the EEC, we can move quickly to other parts of Europe where there is a recognized need for our technology. Poland, Hungary, and the CzechRepublic, along with seven other eastern block countries, are scheduled to join the European Union on May 1, 2004."
First American Scientific Corp. develops, manufacturers and sells the KDS Micronex system, a patented disintegration system capable of reducing many types of material to a fine dry powder suitable for this and many other industrial purposes. Other "waste-to-resources" processes where the KDS Micronex can capture significant value include the drying and micronizing of biomass, agri-waste, and pulp sludges suitable for burning in specialized dust burning systems.
Please see our web sites for additional details: www.fasc.net or www.ages-biomass.com
Certain information and statements included in this release constitute
forward-looking statements within the meaning of the Federal Private
Securities Litigation Reform Act.
ON BEHALF OF THE BOARD OF DIRECTORS
C. Kantonen, Chairman
First American Scientific Corp.
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