Headwaters Inc. Signs Second Feasibility Study Agreement.Business Editors DRAPER, Utah--(BUSINESS WIRE)--May 28, 2002 Headwaters Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : HDWR) Tuesday announced that its subsidiary, Hyrdrocarbon Technologies Inc. (HTI HTI Haiti (ISO Country code) HTI High Tech Institute HTI Hand Tools Institute HTI Hamilton Island, Queensland, Australia (Airport Code) HTI Horizontal Technology Integration ), has signed a second agreement to conduct a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. for a chemical company. The study will determine the feasibility of constructing a production plant using HTI's Fischer-Tropsch Process Fischer-Tropsch process (fĭsh`ər-trōpsh), method for the synthesis of hydrocarbons and other aliphatic compounds. Synthesis gas, a mixture of hydrogen and carbon monoxide, is reacted in the presence of an iron or cobalt catalyst; much and iron based ZIP catalyst. The plant will use syngas
Syngas (from synthesis gas) is the name given to a gas mixture that contains varying amounts of carbon monoxide and hydrogen generated by the gasification of a carbon containing fuel to a gaseous product with derived from coal to produce ultra-clean fuels. The first feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. , announced in March, was signed with a petrochemical company and is nearing completion. That study involves a Fischer-Tropsch plant that will use syngas derived from natural gas to produce ultra-clean fuels and chemicals. Theo Lee, president of HTI, commented, "These projects are attractive because they involve retrofitting HTI's Fischer-Tropsch Process into existing facilities. We feel confident that these projects will open up opportunities for multiple future plants that will economically produce ultra-clean, high mileage Track listing
Kirk Benson, chairman and chief executive officer of Headwaters, added, "HTI provides Headwaters with multiple opportunities to commercialize various technologies. The gas-to-liquids technology developed by HTI is state of the art and provides Headwaters with a large commercial opportunity." About Headwaters Inc. Headwaters Inc. is a world leader in developing and deploying alternative fuel and related technologies. It is focused on converting fossil fuels such as coal and heavy oils to alternative energy products while improving energy efficiency and the environment. Through its existing alternative fuels business, the company earns a growing revenue stream that provides the capital needed to acquire and expand synergistic new business opportunities. Headwaters Inc. trades under the Nasdaq symbol HDWR. Certain statements contained in this document may be deemed to be forward-looking statements under federal securities laws, and Headwaters intends that such forward-looking statements be subject to the safe-harbor created thereby. Such forward-looking statements relate to: i) the growth of Headwaters' revenues, earnings, or earnings per share; ii) the ability of Headwaters to sustain the earnings stream from its alternative fuels business; iii) the expectation that Headwaters' stock is undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. or will increase in value in the future; iv) the completion of any future acquisitions and the expectation that the value of such acquisitions will increase; v) the commercialization of any technology acquired or developed. Headwaters cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained herein. Such factors include, but are not limited to: a) the availability of tax credits to us and our licensees under the tax code; b) our dependence on licensees to use our technology; c) collection of payments outstanding; d) limitations in the capital available to Headwaters to execute on its business plan, and the cost of that capital; e) the ability of Headwaters to locate and close on attractive acquisition opportunities; f) the company's limited operating history with its new business strategy and its ability to sustain and manage its growth under that strategy; g) the success of the company in replacing and growing its financial performance before its legacy alternative fuels business declines; and other risks as detailed in Headwaters' annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , quarterly report on Form 10-Q Form 10-Q See 10-Q. , and other filings from time to time with the Securities and Exchange Commission. |
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