FIRST AMERICAN SCIENTIFIC CORP files patent application to cryogenically process rubber and signs agreement to establish pilot plant in Ontario, Canada

First American Scientific Corp (FASC-OTC, BB)



Apr 20, 2001, 01:00 ET from First American Scientific Corp.

    VANCOUVER, April 20 /PRNewswire/ - Mr. C.L. (Cal) Kantonen is pleased to
 announce that FASC has finalized the filing of an application to patent its
 cryogenic process to pulverize rubber, and the finalization of an agreement to
 license the technology to cryogenically pulverize non-tire scrap rubber to
 Cryo-Grind Inc.
     Cryo-Grind, under the leadership of P. E. Coulter, P.Eng, a professional
 engineer and Director of Research for the North American Recycled Rubber
 Association (NARRA), will establish a pilot plant at its own expense in
 Toronto and expects to, after an initial start-up period, process up to 90,000
 tons of non-tire scrap rubber monthly. The KDS equipment will be reconfigured
 and delivered in June 2001 and the plant is expected to be in full operation
 by year end.
     Under the agreement, Cryo-Grind will pay a royalty to FASC for each lb of
 rubber processed and will be granted the exclusive right to market the rubber
 technology throughout North America.
 
     Re-alignment of Senior Management Responsibilities
 
     FASC is pleased to announce that David Gibson, B.Comm,LLB has joined the
 FASC team as a member of its Board of Directors effective immediately. Mr.
 Gibson, a member of the BC Bar Association has been practicing law in BC for
 28 years and brings a wealth of experience from both a legal and business
 perspective to the Company. His expertise will be of considerable value as we
 move forward in our negotiations with Honeywell and other major corporations.
     In preparation for expansion of the operation, and to better utilize the
 skills of senior management, Brian Nichols and Cal Kantonen, CGA have decided
 to redefine their respective areas of responsibility. Mr. Nichols will be
 taking charge of the day-to-day operations as President and CEO. Mr. Kantonen
 will become Chief Financial Officer and remain Chairman of the Board. Dave
 Gibson will assume the role of Corporate Secretary.
 
     Certain information and statements included in this release constitute
 forward looking statements within the meaning of Federal Private Securities
 Litigation Reform Act of 1995.
 
     ON BEHALF OF THE BOARD OF DIRECTORS
     C.L. Kantonen Chairman
     FASC: (NASD Bulletin Board) Web Site: www.fasc.net
 
 

SOURCE First American Scientific Corp.
    VANCOUVER, April 20 /PRNewswire/ - Mr. C.L. (Cal) Kantonen is pleased to
 announce that FASC has finalized the filing of an application to patent its
 cryogenic process to pulverize rubber, and the finalization of an agreement to
 license the technology to cryogenically pulverize non-tire scrap rubber to
 Cryo-Grind Inc.
     Cryo-Grind, under the leadership of P. E. Coulter, P.Eng, a professional
 engineer and Director of Research for the North American Recycled Rubber
 Association (NARRA), will establish a pilot plant at its own expense in
 Toronto and expects to, after an initial start-up period, process up to 90,000
 tons of non-tire scrap rubber monthly. The KDS equipment will be reconfigured
 and delivered in June 2001 and the plant is expected to be in full operation
 by year end.
     Under the agreement, Cryo-Grind will pay a royalty to FASC for each lb of
 rubber processed and will be granted the exclusive right to market the rubber
 technology throughout North America.
 
     Re-alignment of Senior Management Responsibilities
 
     FASC is pleased to announce that David Gibson, B.Comm,LLB has joined the
 FASC team as a member of its Board of Directors effective immediately. Mr.
 Gibson, a member of the BC Bar Association has been practicing law in BC for
 28 years and brings a wealth of experience from both a legal and business
 perspective to the Company. His expertise will be of considerable value as we
 move forward in our negotiations with Honeywell and other major corporations.
     In preparation for expansion of the operation, and to better utilize the
 skills of senior management, Brian Nichols and Cal Kantonen, CGA have decided
 to redefine their respective areas of responsibility. Mr. Nichols will be
 taking charge of the day-to-day operations as President and CEO. Mr. Kantonen
 will become Chief Financial Officer and remain Chairman of the Board. Dave
 Gibson will assume the role of Corporate Secretary.
 
     Certain information and statements included in this release constitute
 forward looking statements within the meaning of Federal Private Securities
 Litigation Reform Act of 1995.
 
     ON BEHALF OF THE BOARD OF DIRECTORS
     C.L. Kantonen Chairman
     FASC: (NASD Bulletin Board) Web Site: www.fasc.net
 
 SOURCE First American Scientific Corp.