Company:First American Scientific Corp.

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First American Scientific Corp.
TypePrivate
Founded1995
HeadquartersAbbotsford, British Columbia
Key people
Brian Nichols
(Chairman, President, and CEO)
ProductsKDS Micronex
RevenueDecrease 86,106 USD (2011)
Websitehttp://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On July 10, 2015 the company's registration was revoked by the SEC.[11]

On August 29, 2017 the company formed Micronex Systems Inc, a subsidiary private company to improve the brand recognition of the KDS Micronex.[12]

References

  1. ↑ "Nevada Secretary of State website". http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=UDor96zr75Xmr5bHxU%252bdNg%253d%253d&nt7=0. 
  2. ↑ "First American Scientific Corp. annual report". Securities & Exchange Commission filing. June 30, 1996. https://www.sec.gov/Archives/edgar/data/1002822/0001002822-97-000002.txt. 
  3. ↑ "First American Scientific Corp. annual report". Securities & Exchange Commission filing. June 30, 2000. https://www.sec.gov/Archives/edgar/data/1002822/000100201400000146/0001002014-00-000146.txt. 
  4. ↑ "Cryogenic comminution of rubber". United States Patent and Trademark Office. April 23, 2002. http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=1&p=1&f=G&l=50&d=PTXT&S1=6,655,167.PN.&OS=pn/6,655,167&RS=PN/6,655,167. 
  5. ↑ "Method of recovery of precious metals & heavy minerals". United States Patent and Trademark Office. April 19, 2002. http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=1&p=1&f=G&l=50&d=PTXT&S1=6,682,005.PN.&OS=pn/6,682,005&RS=PN/6,682,005. 
  6. ↑ "Recovery of fuel and clay from a biomass". United States Patent and Trademark Office. January 14, 2004. http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=1&p=1&f=G&l=50&d=PTXT&S1=7,481,385.PN.&OS=pn/7,481,385&RS=PN/7,481,385. 
  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. http://www.tmcnet.com/usubmit/-first-american-scientific-corp-fasc-otcbb-announces-2010-/2010/02/17/4627405.htm. 
  8. ↑ "First American Scientific Corp. form 8-K current report". Securities & Exchange Commission filing. February 2, 2011. https://www.sec.gov/Archives/edgar/data/1002822/000100201411000036/fasc8k-2022011.htm. 
  9. ↑ "First American Scientific Corp. annual report". Securities & Exchange Commission filing. June 30, 2000. https://www.sec.gov/Archives/edgar/data/1002822/000100201400000146/0001002014-00-000146-0001.txt. 
  10. ↑ "Securities & Exchange Commission Order of Suspension of Trading". Securities & Exchange Commission. April 22, 2015. https://www.sec.gov/litigation/suspensions/2015/34-74778-o.pdf. 
  11. ↑ "Admin. Proc. File No. 3-16505". Securities & Exchange Commission. July 10, 2015. https://www.sec.gov/litigation/admin/2015/34-75419.pdf. 
  12. ↑ "Micronex Systems Inc is ready! Company news". Micronex Systems Inc. August 29, 2017. https://micronexsystems.com/2017/09/29/we-are-ready/. 



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