THE CANADIAN SECURITIES EXCHANGE – The Exchange for Entrepreneurs | Quarterly Issue No. 3
The system is designed so that no microwaves escape and no conveyor belts catch fire, and because the coal moves around, the application of microwaves is more even. The end result is superior drying efficiency and better safety. One of the goals in the coming year is to find ways to make the technology even more efficient. Putting more coal through the system using less energy and on a smaller footprint – all of these achievements should make the Targeted Microwave Solutions technology more attractive to power companies, to whom available real estate for the installation of additional equipment and processes is often quite limited. Refining the technology will soon be the responsibility of an R&D team the company is locating in Gaithersburg, Maryland, about 90 minutes from the demonstration plant. Siegel expects a new R&D headquarters to open in October and to add to his team of on-site engineers by the end of 2015. But, let’s turn back to the demonstration facility for a moment. Its location is interesting and heralds a potentially important component of the company’s future, as it sits on 5 acres of land situated next to a large clay mine in Virginia. Kitty litter is a huge industry in the United States and one of the challenges in producing it is drying a special type of clay it contains called bentonite.
“It is absolutely our intention to present our technology as an attractive alternative to the bulky and inefficient ovens currently used to dry the bentonite,” explains Siegel. “Thermal ovens heat the clay from the outside requiring it in many cases to pass through the oven several times before it is the CEO Lawrence Siegel correct dryness and size. Our microwaves penetrate the clay and remove moisture from the inside out, potentially reducing the costs of this process substantially. We are going to begin microwaving clay in the next several months as preliminary tests are quite encouraging.” Coal treatment, however, remains the priority and driving force behind the Targeted Microwave Solutions business for now. Making that more than clear are joint ventures the company has already formed in China and India, countries that Siegel believes will be its two leading sources of business. “I suspect probably in the spring we will begin an aggressive marketing effort to sell our technology to coal-fired plants, or joint venture with power companies to build a facility on their premises and share in the revenue stream,” says Siegel.
Our microwaves penetrate the clay and remove moisture from the inside out...
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Third quarter review Canadian Stock Exchange