Biomass Secure Power Inc. (BSP) has entered into an exclusive licensing agreement with River Basin Energy Inc. The agreement came into effect on April 14th, 2018 and gives Biomass Secure Power Inc. the perpetual worldwide rights for all of the Intellectual Property (IP) and Patents currently owned by River Basin Energy. The IP includes patented technology that will be deployed at BSP's Natchitoches Louisiana plant for the manufacture of Biocoal (Torrefied Biomass Briquettes). Biocoal is a sustainable fuel replacement for power generators currently burning coal. BSP believes that this patented process will be a major game changer for power companies currently using coal to generate electrical power. Conversion to Biocoal is very attractive to the end users as it involves little or no CAPEX expenditure to implement. Contained in the technology package are a number of Patents associated with the pelletizing of biocoal at high temperature. High temperature Briquetting provides a product that is can be stored and handled using the same equipment currently in use for handling brown coal. BSP will deploy the newly acquired technology to process wood chips in a fluid bed reactor at its planned Natchitoches plant in Louisiana. The product of the reactors is a continuous stream of Torrefied wood chips that will be formed into briquettes. The briquettes will be used to generate electrical power from a certified sustainable fuel source. The patented process produces a superior product; typically containing 30% more energy than a standard white wood pellet and not requiring special handling and storage equipment.