First American Scientific Corp.

First American Scientific Corp.
Private
Founded 1995
Headquarters Abbotsford, British Columbia
Key people
 Brian Nichols
(Chairman, President, and CEO)
Products KDS Micronex
Revenue Decrease 86,106 USD (2011)
Website http://www.fasc.net

First American Scientific Corp. manufactures and sells the KDS Micronex, a patented grinder-dryer which grinds and dries materials in a single-step process without needing any heat input. It is a publicly traded company located in Abbotsford, British Columbia.

History

Incorporated in 1995,[1] the company initially licensed the KDS (Kinetic Disintegration System) technology from Spectrasonic Disintegration Equipment Corp., the technology's original developer.[2] In 1999 First American Scientific Corp. purchased the patents to the KDS technology,[3] and since then has added additional patent protection.[4][5][6]

For the fiscal year ending June 30, 2010 annual revenues exceeded $1 million for the first time in the company's history.[7]

On February 1, 2011 the company's long-serving Chief Financial Officer and Chairman of the Board of Directors died.[8] Calvin L. Kantonen had served as Chief Executive Officer and/or Chief Financial Officer since 1999 and as Chairman of the Board since 2000.[9]

On April 22, 2015 the SEC suspended First American Scientific Corp. until May 5, 2015 because it had not filed any periodic reports since the period ended March 31, 2012.[10]

On July 10, 2015 the company's registration was revoked by the SEC.[11]

References

  1. ↑ "Nevada Secretary of State website".
  2. ↑ "First American Scientific Corp. annual report". Securities & Exchange Commission filing. June 30, 1996.
  3. ↑ "First American Scientific Corp. annual report". Securities & Exchange Commission filing. June 30, 2000.
  4. ↑ "Cryogenic comminution of rubber". United States Patent and Trademark Office. April 23, 2002.
  5. ↑ "Method of recovery of precious metals & heavy minerals". United States Patent and Trademark Office. April 19, 2002.
  6. ↑ "Recovery of fuel and clay from a biomass". United States Patent and Trademark Office. January 14, 2004.
  7. ↑ "First American Scientific Corp (FASC – OTCBB) announces 2010 sales to date top $ 1 million USD". Press release via World Stock Wire. February 17, 2010.
  8. ↑ "First American Scientific Corp. form 8-K current report". Securities & Exchange Commission filing. February 2, 2011.
  9. ↑ "First American Scientific Corp. annual report". Securities & Exchange Commission filing. June 30, 2000.
  10. ↑ "Securities & Exchange Commission Order of Suspension of Trading" (PDF). Securities & Exchange Commission. April 22, 2015.
  11. ↑ "Admin. Proc. File No. 3-16505" (PDF). Securities & Exchange Commission. July 10, 2015.
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