DENVER, Sept. 12 /PRNewswire-FirstCall/ -- KFx Inc. (AMEX:KFX) today reported that it received the test burn results of its first unit train shipment of K-Fuel(TM) Refined Coal. The test burn was recently conducted by KFx's customer, FirstEnergy (NYSE:FE). The customer observed that the K-Fuel(TM) Refined Coal exhibited improved heat content in the plant's boiler relative to raw Powder River Basin Coals burned in that facility.
The test burn was conducted at a utility plant in the Ohio region which often experiences a power de-rating on its boilers when burning raw Power River Basin Coal.
The plant staff tested the shipment of K-Fuel(TM) Refined Coal and reported an improvement to the power de-rating that occurs in boilers when burning raw Powder River Basin Coals. No significant problems were reported with the train shipment, barge unloading, bunkering, or pulverizing. The customer also indicated that there was no slagging or ash handling problems experienced in the test burn.
"The initial test burns at utility and industrial customer sites are progressing, and results are in line with our expectations," reported Mark Sexton, CEO. "Our goal is to get K-Fuel(TM) Refined Coal to as many customers as possible so they can conduct their own test burns, from which we will assemble a database regarding the performance of K-Fuel(TM) Refined Coal in boilers designed for higher BTU coals. We are continuing to see strong demand for K-Fuel(TM) Refined Coal." About KFx KFx Inc. offers combined energy, environmental and economic solutions to coal-fired power generating facilities and industrial coal users in the United States and internationally. Our proprietary K-Fuel(TM) process uses heat and pressure to physically and chemically transform high moisture, low-Btu coals, such as subbituminous coal and lignite, into a more energy efficient, lower- emission fuel. A co-benefit of the K-Fuel(TM) process is the removal of significant amounts of impurities, including mercury, and the reduction of emissions of sulfur dioxide and nitrogen oxide.
Please visit http://www.kfx.com/ for more information.
Forward Looking Statements
Statements in this news release that relate to future plans or projected results of KFx are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), and Section 21E of the Securities Exchange Act of 1934, as amended by the PSLRA, and all such statements fall under the 'safe harbor' provisions of the PSLRA. Our actual results may vary materially from those described in any 'forward-looking statement' due to, among other possible reasons, the realization of any one or more of the risk factors described in our Annual Report on Form 10-K, or in any of our other filings with the Securities and Exchange Commission, all of which filings any reader of this news release is encouraged to study. Readers of this news release are cautioned not to put undue reliance on forward-looking statements. DATASOURCE: KFx Inc.
CONTACT: Analysts, Karli Anderson, Director of Investor Relations of KFx Inc., +1-303-293-2992 Web site: http://www.kfx.com/
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