Synthesis Energy Systems to Report First Quarter 2010 Financial Results on Thursday, October 29, 2009

HOUSTON, Oct. 21 /PRNewswire-FirstCall/ -- Synthesis Energy Systems, Inc. ("SES" or the "Company") (Nasdaq: SYMX - News), a global industrial gasification company, today announced that it will release financial results for the quarter ended September 30, 2009 before the market opens on Thursday, October 29, 2009. Senior management will hold a conference call to review the Company's financial results for this period and provide an update on corporate developments at 8:00 a.m. Eastern Time on October 29, 2009. To access the live webcast, please log onto the Company's website at www.synthesisenergy.com. Alternatively, callers may participate in the conference call by dialing (612) 288-0329. An archived version of the webcast will be available on the website through November 29, 2009. A telephone replay of the conference call will be available approximately two hours after the completion of the call through Thursday, November 5, 2009. Callers can access the replay by dialing (320) 365-3844; the PIN access number is 120409.About Synthesis Energy Systems, Inc.SES is an energy and technology company that builds, owns and operates coal gasification plants that utilize its proprietary U-GAS(®) fluidized bed gasification technology to convert low rank coal, coal wastes and biomass into higher value energy...
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SYNTHESIS ENERGY SYSTEMS INC Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for SYNTHESIS ENERGY SYSTEMS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SYNTHESIS ENERGY SYSTEMS INC 16-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for inform...
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Synthesis Energy Systems Announces First Quarter 2010 Financial Results

HOUSTON, Oct. 29 /PRNewswire-FirstCall/ -- Synthesis Energy Systems, Inc. (the "Company") (Nasdaq: SYMX - News), an energy and gasification technology company, today announced results for the quarter ended September 30, 2009. "We are pleased to start fiscal 2010 with solid operations from our Hai Hua joint venture plant," said Robert Rigdon, President and CEO of the Company. "We have laid the groundwork to drive continued improvement in our operating performance and are now seeing the results of our efforts with revenue for product sales at the Hai Hua joint venture plant increasing over 40% compared to the fourth quarter of fiscal 2009. During the remainder of fiscal 2010, we will focus on the execution of our Yima project and developing our technology licensing business in regions such as Australia, India, China and the U.S. for coal and biomass to energy projects which we believe will bring near-term value," Rigdon added.First Quarter Financial Results (Unaudited) For the quarter ended September 30, 2009, the Company reported total revenue of $2.3 million. This included revenue for product sales at the Hai Hua joint venture plant of $1.6 million, which is an increase of $0.4 million from the fourth quarter of fiscal 2009, due to the plant's increased availability for production and due to sales of oxygen under the cost-sharing arrangement with Hai Hua. Additionally, the Company reported other revenues of $0.7 million which was primarily for engineering services related to the Yima project.Cost of s...
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Synthesis Energy Systems Demonstrates Stable and Efficient Operations at Hai Hua on Lignite Coal

HOUSTON, Oct. 26 /PRNewswire-FirstCall/ -- Synthesis Energy Systems, Inc. ("SES") (Nasdaq: SYMX - News), a global energy and gasification technology company, announced today that its 95%-owned Hai Hua joint venture project in Shandong Province, China, has completed a successful commercial-scale demonstration using lignite coal from the Inner Mongolia region of China. SES demonstrated its ability to efficiently process lignite coal in response to the significant interest it is receiving from various parties in China, Australia and India that wish to build coal to energy projects which can take advantage of the lower costs associated with low rank coals. Lignite and sub-bituminous coals are abundant in many regions of the world and are typically the lowest cost coals to mine. In China for example, these lignite coals can cost up to 75% less on a thermal basis than more widely used bituminous coals. This savings can be translated into compelling economics for coal based energy and chemical projects."This was an important demonstration that further validates the U-GAS® technology's capability to operate efficiently on lignite coals which can be quite difficult for most other gasification technologies. Inner Mongolia holds China's largest coal reserves and is China's largest coal producer and is rich in lignite and sub-bituminous coals, offering tremendous growth opportunities for companies that can efficiently process this fuel," stated SES' President and CEO, Robert Rigdon. "We were able to host multiple parties through t...
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Q1 2010 SYNTHESIS ENERGY SYS INC Earnings Release - Before Market Open

Earnings Announcements for Thursday, October 29CompanySymbolTimeConferenceCall3PAR Inc.PARAfter Market CloseListenABBABB01:00 am ETABG SUN COL HLDGASC.OLTime Not SuppliedAccuray IncorporatedARAYAfter Market CloseListenACHENG RELAY000922.SZTime Not SuppliedAcme Packet, Inc.APKTAfter Market CloseListenAcme UnitedACU09:00 am ETListenACS, Actividades de Construcción y Servicios, S.A.ACS.MCAfter Market CloseACTELIOSACT.MI10:00 am ETActuate CorporationACTUAfter Market CloseListenAdaptec, Inc.ADPTTime Not SuppliedListenAdolor CorporationADLRTime Not SuppliedListenADVA Optical NetworkingADV.FTime Not SuppliedListenAetna Inc.AETBefore Market OpenListenAGL ResourcesAGLBefore Market OpenListenAgree Realty...
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Synthesis Energy Systems Inc. F1Q10 (Qtr End 9/30/09) Earnings Call Transcript

Synthesis Energy Systems Inc. (SYMX) F1Q10 Earnings Call October 29, 2009; 8:00 am ET Executives Robert Rigdon - President & Chief Executive Officer Kevin Kelly - Chief Accounting Officer Donald Bunnell - President of Asia Pacific Ann Tanabe - Vice President of Investor Relations Analysts Pearce Hammond - Simmons & company Bill Burns - Johnson Rice Presentation Operator Ladies and gentlemen, thank you for standing by. Welcome to the Synthesis Energy Systems first quarter results conference call. (Operator Instructions) At this time and I would now like to turn the conference over to our host today, Vice President of Investor Relations, Ms. Ann Tanabe. Please go a head. Ann Tanabe Good morning and thank you for joining Synthesis Energy Systems conference call. My name is Ann Tanabe and I’m the Vice President of Investor Relations for SES. Today we will discuss results for the quarter ended September 30, 2009, and will provide an update on corporate development. Following our prepared remarks, we will open the line for a brief question-and-answer session. Joining me on the call today is Mr. Robert Rigdon, our President and CEO; Mr. Kevin Kelly, our Chief Accounting Officer, Controller and Secretary; and Mr. Don Bunnell, our President of Asia Pacific. Before we begin, I would like to remind you that during this call we will be making forward looking statements within the meaning of section 27-A of the Securities Act and Section 21-E of the Exchange Act. All statements other than statements of historical facts are forward-looking statements. Forward-looking statements are subject to certai...
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SYNTHESIS ENERGY SYS INC Earnings Call scheduled for 8:00 am ET today

Call DetailsSYNTHESIS ENERGY SYS INC Earnings Conference Call (Q1 2010)Thu, Oct 29, 2009, 8:00 am EasternAbout SYNTHESIS ENERGY SYS INC (NasdaqGM:SYMX)Synthesis Energy Systems, Inc., a development stage company, focuses on developing and commercializing gasification technology primarily in China and the United States. The company intends to build, own, and operate coal gasification plants that utilize its proprietary U-GAS fluidized bed gasification technology to convert low rank coal and coal wastes into higher value energy products, such as transportation fuels and ammonia. Synthesis Energy Systems was founded in 2003 and is headquartered in Houston, Texas.More Info:Quote |Profile |Reports |Research |Insider |Financials | Analyst Ratings...
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Synthesis Energy Systems Launches Third Party Licensing Business

HOUSTON, Nov. 12 /PRNewswire-FirstCall/ -- Synthesis Energy Systems, Inc. ("SES") (Nasdaq: SYMX - News), a global energy and gasification technology company, announced today that it has executed a revised license agreement with the Gas Technology Institute ("GTI") for its U-GAS® technology rights. Under the revised agreement, SES maintains its exclusive world-wide rights to the U-GAS® technology for all types of coals and coal/biomass mixtures with coal content exceeding 60%, and non-exclusive rights to biomass and coal/biomass blends exceeding 40% biomass. The revised agreement expands the rights and further defines the terms for SES to sub-license U-GAS® to third parties for coal, coal and biomass mixtures, or 100% biomass projects.With the reliable operations of SES' 95%-owned Hai Hua plant in China this year, and its success gasifying difficult fuels such as high-ash coal washing wastes, a high ash sub-bituminous coal and most recently a lignite coal, SES is seeing significant interest from companies in the U.S., China, India and Australia for licenses to use the technology for both biomass and coal applications. Under the previous agreement with GTI, SES had limited rights to sublicense U-GAS® to independent third parties. The revised agreement enables SES to move forward quickly with establishing a licensing business. As part of its third-party licensing business, SES also plans to provide key technology components and engineering services.Robert Rigdon, SES' President and CEO, said, "This is a...
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SYNTHESIS ENERGY SYSTEMS INC Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations You should read the following discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and the related notes and other financial information included elsewhere in this quarterly report. Some of the information contained in this discussion and analysis or set forth elsewhere in this quarterly report, including information with respect to our plans and strategy for our business and related financing, include forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended June 30, 2009 for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. Business Overview We are in our development stage and therefore have had limited operations. We build, own and operate coal gasification plants that utilize our proprietary U-GAS® fluidized bed gasification technology to convert low rank coal and coal wastes into higher value energy products. We believe that we have several advantages over commercially available competing gasification technologies, such as entrained flow and fixed bed technologies, including our ability to use all ranks of coals (including low rank, high ash and high moisture coals, which are usually significantly cheaper than higher grade coals), many coal waste products and biomass feed stocks, which provide greater fuel flexibility, and our ability to operate efficiently on a smaller scale, which enables us to construct plants at a lower capital cost thus enabling us to be a lower cost producer of syngas for energy products. Our principal operating activities are currently in China, however, we are developing opportunities in ot...
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SYNTHESIS ENERGY SYSTEMS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and

Item 1.01 Entry into a Material Definitive Agreement On November 5, 2009, Synthesis Energy Systems, Inc. (the "Company") entered into an Amended and Restated License Agreement (the "New Agreement") with the Gas Technology Institute ("GTI"), replacing the Amended and Restated License Agreement between the Company and GTI dated August 31, 2006, as amended (the "Original Agreement"). Under the New Agreement, the Company maintains its exclusive worldwide right to license the U-GAS® technology for all types of coals and coal/biomass mixtures with coal content exceeding 60%, as well as the non-exclusive right to license the U-GAS® technology for 100% biomass and coal/biomass blends exceeding 40% biomass. The New Agreement differs from the Old Agreement most critically by allowing the Company to sublicense U-GAS® to third parties for coal, coal and biomass mixtures or 100% biomass projects (subject to the approval of GTI, which approval shall not be unreasonably withheld), with the Company and GTI to share the revenue from such third party licensing fees based on an agreed percentage split (the "Agreed Percentage"). In addition, the prior obligation to fabricate and put into operation at least one U-GAS® system for each calendar year of the Original Agreement in order to maintain the license has been eliminated in the New Agreement. In order to sublicense any U-GAS® system, the Company is required to comply with certain requirements set forth in the New Agreement. In the preliminary stage of developing a potential sublicense, the Company is required to provide notice and certain information regarding the potential sublicense to GTI and GTI is required to provide notice of approval or non-approval within ten business days of the date of the notice from the Company, provided that GTI is required to not unreasonably withhold their approval. If GTI does not respond within that ten business day period, they are deemed to have approved of the subl...
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