KL ENERGY CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Business While we have historically provided engineering, construction, operating and ethanol marketing services, our current focus is on owning and operating cellulose based ethanol ("CBE") facilities that utilize our technology, and designing CBE facilities for, and licensing our proprietary CBE technology to, third-party participants in the CBE industry. Initially, KLPDG created expansion programs for grain-based ethanol ("GBE") facilities. The experience in the design and operation of these GBE's has given our company a significant advantage in the development and future operations of CBE facilities. While we will continue to offer design and engineering services to optimize existing GBE facilities, our emphasis in the future will be on CBE facilities. While the majority of ethanol is produced from grain-based feedstock, predominantly corn in the United States, it can also be produced from cellulose. Cellulose is the primary component of plant cell walls and is one of the most abundant organic compounds available. Renewable fuel produced from cellulosic materials draws on non-food related feedstock sources and has been proven to reduce carbon dioxide emissions and improve automotive motor efficiency. Our engineers continue to optimize our technology in cooperation with the South Dakota School of Mines and Technology, in Rapid City, South Dakota. Based on modeling from laboratory data, we believe our process is ultimately capable of producing 90 gallons/dry ton. We currently are capable of producing 65 gallons/dry ton in a laboratory setting and have consistently produced 45 gallons per dry ton at our pilot facility. Through Western Biomass Energy, LLC ("WBE" or "CBE 1"), a majority-owned affiliate, we have designed, constructed and currently operate what we believe to be the first commercial scale, second generation...
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KL Energy and Fair Energy Agree to Proceed With Cellulosic Ethanol Long-Term Off-Take Agreement

RAPID CITY, SD--(Marketwire - 10/12/09) - KL Energy Corp. (OTC.BB:KLEG - News) and Fair Energy have agreed to proceed with a long-term off-take agreement for their second generation cellulosic ethanol both in the United States and Europe. KL Energy operates the first commercial-size demonstration cellulosic ethanol plant in the country in Upton, WY. Steve Corcoran, KL Energy Corp. Chief Executive Officer, said, "As the industry continues moving toward the goal of commercializing production of cellulosic ethanol, KL Energy is pleased to have Fair Energy as our partner. The commitment by Fair Energy will allow our company to complete its goal of being the first firm in North America to produce cellulosic ethanol on a constant, commercial scale for use. As other companies begin projects trying to realize industrial scale production, KL Energy will have successfully achieved that goal and become the first cellulosic ethanol plant operating under a 24-hour production schedule this year."Unlike first generation ethanol, commonly derived from food products such as corn in North America, KL Energy has created a second-generation cellulosic ethanol that utilizes non-feedstock byproducts like wood-waste from the timber industry in their production process.About KL Energy Corp.KL Energy Corp. (OTC.BB:KLEG - ...
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KL Energy Appoints Two Additional Second Generation Biofuels Experts

RAPID CITY, SD--(Marketwire - 09/16/09) - KL Energy Corp. (OTC.BB:KLEG - News), a leader in the development of next generation cellulosic ethanol, has announced the appointment of Lisette Tenlep, Ph.D. and Qin Zhang, Ph.D. The two new research scientists will join KL Energy with the goal of further increasing the effectiveness and efficiency of the company's cellulosic ethanol production process. Already the first company in North America to have an industrial-size plant able to successfully produce cellulosic ethanol on a commercial scale, KL Energy will utilize both their science and engineering expertise to further advance KL Energy's leadership. As a research scientist, Dr. Tenlep has extensive experience in pre-treatment strategies for cellulosic ethanol, including the development of new pre-treatment methods for biomass using supercritical fluids, microwave irradiation, and ionic liquids. As an engineer, Dr. Zhang specializes in fermentation science, with extensive experience in cellulose production and recovery, as well as fermentation piloting and scale-up. KL Energy will use the newly appointed scientist and engineer to focus on further streamlining their bio-chemical conversion process used to create cellulosic ethanol.Steve Corcoran, KL Energy Corp. Chief Executive Officer, said, "KL Energy is pleased to welcome both Dr. Tenlep and Dr. Zhang as we continue enhancing commercialized production of cellulosic ethanol. With these new appointments, our goal is to ensure that KL Energy further improves its conversion ra...
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KL ENERGY CORP Financials

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KL Energy Corporation to Present at the Rodman and Renshaw Annual Global Investment Conference

RAPID CITY, SD--(Marketwire - 09/04/09) - KL Energy Corporation (OTC.BB:KLEG - News), a leader in the commercialization of next-generation cellulosic-based ethanol and solid energy co-products, today announced that it will present at the upcoming Rodman and Renshaw Annual Global Investment Conference. The presentation which will be made by Alan Rae, KL Energy's Director for Corporate Finance, and is expected to begin at 9:10 a.m. on Thursday, September 10, and will take place in the Kennedy II Salon at the New York Palace Hotel in New York City. ABOUT KL ENERGY CORPORATIONKL Energy Corp. (OTC.BB:KLEG - News), a leader in the development and commercialization of second generation cellulose-based energy products, including ethanol and lignin based solid energy products. KL's commercial demonstration facility in Wyoming is to the company's knowledge the first industrial-size facility of its type to produce cellulose based ethanol and lignin solid energy products from wood waste. The facility uses KL's proprietary thermo-mechanical pretreatment and enzymatic hydrolysis process in what the company believes is one of the most environmental friendly processes in the sector which can be adapted for various no...
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KL ENERGY CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Business While we have historically provided engineering, construction, operating and ethanol marketing services, our current focus is on owning and operating cellulose based ethanol ("CBE") facilities that utilize our technology, and designing CBE facilities for, and licensing our proprietary CBE technology to, third-party participants in the CBE industry. Initially, KLPDG created expansion programs for grain-based ethanol ("GBE") facilities. The experience in the design and operation of these GBE's has given our company a significant advantage in the development and future operations of CBE facilities. While we will continue to offer design and engineering services to optimize existing GBE facilities, our emphasis in the future will be on CBE facilities. While the majority of ethanol is produced from grain-based feedstock, predominantly corn in the United States, it can also be produced from cellulose. Cellulose is the primary component of plant cell walls and is one of the most abundant organic compounds available. Renewable fuel produced from cellulosic materials draws on non-food related feedstock sources and has been proven to reduce carbon dioxide emissions and improve motor efficiency. Our engineers continue to optimize our technology in cooperation with the South Dakota School of Mines and Technology, in Rapid City, South Dakota. Based on modeling from laboratory data, we believe our process is capable of producing 90 gallons/dry ton. We currently are capable of producing 65 gallons/dry ton in a laboratory setting and have consistently produced 45 gallons per dry ton at our pilot facility. Through Western Biomass Energy, LLC ("WBE" or "CBE 1"), a majority owned affiliate of ours, we have designed, constructed and currently operate what we believe to be the first commercial, modern-era, second generation CBE pla...
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KL ENERGY CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Business While we have historically provided engineering, construction, operating and ethanol marketing services, our current focus is on designing cellulose based ethanol ("CBE") facilities for, and licensing our proprietary CBE technology to, third-party participants in the CBE industry. We also intend to own and operate CBE facilities that utilize our technology. Initially, KLPDG created expansion programs for grain-based ethanol ("GBE") facilities. While we will continue to provide design and engineering services to build new, or optimize existing, GBE facilities, our emphasis in the future will be on CBE facilities. While the majority of ethanol is produced from grain-based feedstock, predominantly corn in the United States, it can also be produced from cellulose. Cellulose is the primary component of plant cell walls and is one of the most abundant organic compounds available. Renewable fuel produced from cellulosic materials draws on non-food related feedstock sources and has been proven to reduce carbon dioxide emissions and improve motor efficiency. Our engineers continue to optimize our technology both independently and in collaboration with the South Dakota School of Mines and Technology, in Rapid City, South Dakota. Based on modeling from laboratory data, we believe our process is capable of producing 80 gallons/dry ton. We currently are capable of producing 65 gallons/dry ton in a laboratory setting. We believe that in order to compete with other fuel alternatives currently, enzyme cost, enzyme efficiency, ethanol price, feedstock cost, and other factors will determine the amount of gallons/dry ton required to be produced. We, through Western Biomass Energy, LLC ("WBE" or "CBE 1"), a majority owned affiliate of ours, have designed, constructed and currently operate what we believe to be the first commercial...
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KL Energy Corporation Announces Expansion Into Brazil

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KL ENERGY CORP Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION This discussion should be reviewed in conjunction with our audited financial statements and accompanying notes included in this report for the years ended December 31, 2008 and 2007. Critical Accounting Policies and Estimates: Trade Receivables Trade receivables are carried at original invoice less an estimate made for doubtful receivables based on a periodic review of all outstanding amounts. Management of the Company has established an allowance for doubtful accounts based on their estimate of uncollectible accounts and is established based on historical performance that is tracked by the Company on an ongoing basis. Trade receivables are written off when deemed uncollectible. Recoveries of trade receivables previously written off are recorded when received. Long-Lived Assets The Company assesses the realizable value of long-lived assets for potential impairment at least annually or when events and circumstances warrant such a review. The carrying value of a long-lived asset is considered impaired when the anticipated fair value is less than its carrying value. In assessing the recoverability of our long-lived assets, we must make assumptions regarding estimated future cash flows and other factors to determine the fair value of the respective assets. In addition, we must make assumptions regarding the useful lives of these assets. As of December 31, 2008, we evaluated our long-lived assets for potential impairment. Based on our evaluation, no impairment charge was recognized. Revenue Revenue from fixed price contracts is recognized on the percentage-of-completion method, measured by the percentage of costs incurred to date to estimated total costs for each contract. This method is used because management considers expended costs to be the best available measure of progress on these contracts. Due to uncertainties inherent...
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KL Energy Corporation Announces $4 Million Reinvestment

KL Energy Corp. (OTC.BB: KLEG) today announced that it has received $4 million of additional capital. The funds will further strengthen the company's position as a leader in the commercialization of second generation cellulose based ethanol (CBE). The funding round was led by previous investors Niton Capital and The Green Fund, who together originally invested $6.1 million in October 2008, and Warcoing Sucre S.A and Pierre de Boeck. The new funds bring the total invested in KL Energy Corp. common stock since October last year to $10.1 million, and will be devoted to optimizing the company's proprietary processes at the Company's commercial scale second generation CBE plant in Upton, Wyoming. The Upton plant, designed and built by KL Energy was, and to the company's knowledge still is, the first commercial scale CBE plant to open the USA, and has been in operation since January 2008 using wood waste as a feedstock. KL Energy continues to work on CBE as an alternative energy source, developing processes that utilize waste and biomass materials as an alternative to traditional food sourced grain and sugar based for the production of fuel ethanol.In addition, KL Energy has appointed Steve Corcoran to serve as the Company's Chief Executive Officer. Mr. Corcoran previously served as the Company's Vice President of Operations overseeing management of daily operations. Mr. Corcoran's principle areas of experience are project management, logistics, business development, and continuous process improvement. He developed feasibility studies and business plans for several ethanol projects and served as on-site Coordinator and Project Manager. Prior to joining KL Energy Corp., he served as Program Manager and Senior Analyst for the US Government. Mr. Corcoran also served 20 years in the U.S. Army in a variety of executive positions and retired as a Lieutenan...
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