Oxford Catalysts Group PLC announced that it has signed a definitive agreement (Joint Development Agreement) with Sgc Energia Sgps, Sa for the demonstration and commercialisation of the group's Fischer-Tropsch technology, primarily for Biomass-to-Liquid and Waste-to-Liquid applications. Oxford Catalysts' US subsidiary, Velocys Inc. and SGCE have been working together since 2007 under a memorandum of understanding. The recently signed JDA formalises the commercial relationship between the parties and provides $5.9 million of further funding directly to the group over the balance of 2009 and 2010. In addition to other group expenses, the JDA will contribute towards the costs incurred for the FT demonstration unit, now ready for shipping, as well as covering all the expenses associated with the extended demonstration run, planned to take place in Güssing, Austria. Güssing is arguably the prime location globally for demonstrating bio-conversion technologies such as BTL-it is unique in having a commercial scale biomass gasifier, operational since 2005, that supplies the entire energy needs of the 10,000 inhabitants of the local town. The demonstration plant, which will have a capacity of approximately 10,000 gallons/year, will be operated on gasified wood chips. The demonstration equipment is due to be received in Güssing in December; commissioned and started up in the first quarter of 2010; and thereafter operated for some six months. Following demonstration, the equipment will be relocated to the Wright-Patterson Air Force Base near Dayton, Ohio, USA where it will be evaluated for the production of synthetic jet fuel. Under the terms of the JDA, SGCE will have lead responsibility for commercialising the Group's FT technology for BTL, WTL and Coal-to-Liquid applications. The JDA also provides for commercial involvement by one of SGCE's partners.

Oxford Catalysts Group PLC reported unaudited consolidated earnings results for the six months ended June 30, 2009. For the period, the company reported revenue of £3,486,000 and operating loss of £3,722,000 and loss on ordinary activities before tax of £3,753,000 or loss for the period from continuing operations of £3,428,000 or £5.73 loss per basic and diluted share from continuing operations compared to revenue of £158,000 and operating loss of £1,720,000 and loss on ordinary activities before tax and loss for the period from continuing operations of £1,299,000 or £3.20 loss per basic and diluted share from continuing operations for the same period a year ago. For the period, the company reported net cash used in operating activities of £3,018,000 and purchase of property, plant and equipment of £1,063,000 compared to net cash used in operating activities of £1,555,000 and purchase of property, plant and equipment of £1,180,000 for the same period a year ago.

Oxford Catalysts Group PLC expected to Report Fiscal Year 2009 Results on March 22, 2010. This event was calculated by Capital IQ (Created on September 21, 2009).