Royalty Report: Energy & Environment, Energy Resources & Svcs, Alternative and Renewable Energy – Collection: 3141

License Grant

The Company entered into an assignment and royalty Agreement with two directors and shareholders of the Company, whereby various Great Britain patent applications were assigned to the Company.

Field of Use

The Company is involved in building biodiesel plants and power generation facilities in the United States.

License Grant

The Licensee entered into a License Agreement  with an independent third party (the undisclosed Licensor), whereby each party was granted a License to make, use and sell their respective products, and to share certain technologies regarding biodiesel processor systems.

License Grant

In this related party agreement, the parties shall endeavor to develop new project opportunities within the Salton Sea Known Geothermal Resource Area 'SSKGRA' on Leases owned or held by the Company and its affiliates pursuant to terms hereof and subject to their respective rights for power plant and mineral development.

Field of Use

This agreement pertains to the energy industry relating to power plants and mineral development.

License Grant

Licensor, the Company chief engineer, assigned to the Company a patent he obtained for a system and method for using high temperature sources in Rankine cycle power systems.

License Property

The invention relates to an organic Rankine cycle apparatus and method for generating mechanical power from two different heat sources operating at different temperatures using a single apparatus.

Field of Use

Since a merger involving the Licensee, the Licensee has focused on the development, testing and commercialization of electric power systems, in particular, their applicability to thermal and natural gas pipeline operations.

License Grant

The Executive agrees that all inventions, innovations, improvements, technical information, systems, software developments, methods, designs, analyses, drawings, reports, service marks, trademarks, trade names, logos and all similar or related information  belong, in instances where such concept, device or technique was developed internally at New NRG, Inc. is owned by New NRG, Inc.  New NRG, Inc., is focused on the production of Biodiesel.

License Property

Biodiesel is a diesel-equivalent fuel made from plant oils. Biodiesel is biodegradable and non-toxic, and produces significantly fewer emissions than petroleum-based diesel when burned. In addition to being used in diesel engines, biodiesel can also be used as a heating fuel in domestic and commercial boilers. Biodiesel can be distributed using today's infrastructure, and its use and production are increasing rapidly. Fuel stations are beginning to make biodiesel available to consumers, and a growing number of transport fleets use it as an additive in their fuel.

License Grant

We are a party to royalty Agreements and License fee Agreements, both domestically and internationally, whereby the Company and the inventor of the K-Fuel process, are entitled to receive royalty and License fee revenue from each Company-owned plant and plants owned by third parties who are various undisclosed Licensees of the K-Fuel process.

License Property

For each commercial K-Fuel plant constructed, the plant owner is generally required to pay a royalty on the selling price per ton of K-Fuel produced and a License fee per ton of K-Fuel produced based on the annual design capacity of each plant. Mr. Koppelman is entitled to 25% of the royalties and License fees generated at each plant. KFx is entitled to the remaining 75% of royalties and License fees. The royalty to Mr. Koppelman will cease when the cumulative payments to him reach the sum of approximately $75.7 million. Mr. Koppelman passed away in October 1997 and all his rights as discussed above are held by his estate. In his will, Mr. Koppelman bequeathed 50% of his net royalty stream to Theodore Venners, our Chairman and Chief Technology Officer.

Field of Use

The K-Fuel process applies heat and pressure to coal with a high water percentage to reduce moisture from approximately 30% in the low-Btu coal to 8% to 12% in the K-Fuel. As a result, the heat value is boosted by 30% to 40%, resulting in its availability for economical use in power generating facilities. Further, the K-Fuel process removes a significant amount of impurities from the low-Btu coal allowing for the power generating industry to comply with increasingly stringent air emission standards and environmental regulations.