Press Release
Additional $8 Million Investment in
JDCPhosphate, Inc.; Update on Startup Operations
February 25, 2014
JDCPhosphate, Inc. (JDCP) is pleased to announce it has raised an additional $8 million to
advance and expand its development and commercialization activities, through the issue of shares
to existing shareholders. The company has raised a total of $39 million to fund the development,
construction and operation of its 12,000 ton per year demonstration plant in Fort Meade, Florida,
and to begin the process of commercializing its technology. The process technology developed by
JDCP produces high purity phosphoric acid using low-grade phosphate rock, without the
production of solid or liquid waste.
JDCP had its first full operation of the demonstration plant in November 2013. Since then, the
company has experienced positive results with respect to the performance of the technology in the
demonstration plant. JDCP will use the new financing to continue working to optimize and refine
plant operations for the continuous production of commercial grade superphosphoric acid. The
company will also be working to more fully evaluate and market a companion product produced by
the process technology – an aggregate product the company has branded J!ROX.
Tip Fowler, JDCP CEO commented, “I am excited about the significant progress the company has
made and appreciate the continued support of our investors. This capital will allow us to accelerate
our efforts to refine operations at our new Ft. Meade facility and to begin to shift our focus to
commercialization of the technology.”
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