Posted on 01/27/2014 9:05:31 PM PST by Kevmo
It’s Official US Startup Admits to Purchasing Rossi’s E-cat LENR Technology Published January 25, 2014 | By jennifer
A North Carolina based company called Industrial Heat LLC has come out and admitted that it now owns Andrea Rossi’s ecat low energy nuclear reaction (LENR) technology. Industrial Heat has put out a press release in which it confirmed rumors that it had spent $11 million to purchase Rossi’s device.
The New Home of the Ecat an aerial view of North Carolina's Research Triangle
The press release also confirmed speculation that Tom Darden of Cherokee Investment Partners a North Carolina equity fund is a principal investor in Industrial heat. It stated that one of Darden’s associates J.T. Vaughn is the manager of Industrial Heat LLC. Industrial Heat LLC is based in the Research Triangle region around Raleigh, North Carolina where many technology companies have operations. Cherokee’s website describes Vaughn as a Senior Analyst at the firm.
Tom Darden of Cherokee Investment Partners LLC, courtesy Bizjournals
Vaughn said that his company had acquired the intellectual property rights to the Ecat in the press release. Vaughn and Darden were convinced of the Ecat’s authenticity by a report prepared by physics professors Guiseppe Levi, Hanno Essen, Ronald Petterson, Torbojorn Hartman, Bo Hoistad, Roland Pettersson and Lars Tegner. The scientists tested the ecat in December 2012 and March 2013 and observed its operations. Vaughn and Darden also had an unidentified independent expert exam the ecat before investing their money in it.
The press release stated that Industrial Heat has prepared numerous patent applications to protect ecat technology but wouldn’t’ elaborate. The release didn’t say if any of these applications have been filed or not.
“The world needs a new, clean and efficient energy source,” Vaugh said of his reasons for acquiring Ecat in the press release. “Such a technology would raise the standard of living in developing countries and reduce the environmental impact of producing energy.”
JT Vaugn Courtesy Pure Energy Systems and Sterling Allen
The press release stated that Industrial Heat wants to enter into partnerships with other companies, universities and nongovernment organizations (NGOs) to develop LENR technology. It didn’t identify any of these partners or mention any specific uses for Ecat technology.
Predictably and sadly the cold fusion skeptics have already started attacking Industrial Heat. The Gizmodo blog is claiming that Darden and Vaughn were bamboozled and bought a reactor that might not actually work. Typically the skeptics provide absolutely no proof for their accusations they just make them and hope nobody questions their statements. Those who criticize Rossi for not verifying claims turn around and do exactly the same thing.
Tom Darden
Vaughn and Darden seem like hardhead and sensible businessmen who have done their homework. They actually looked into Ecat and got the facts before investing. Gizmodo mentions Rossi’s criminal conviction but doesn’t mention the involvement of distinguished professors such as Guiseppe Levi in the ecat project.
Industrial Heat’s confirmation is very good news, despite the skeptics. It’s the biggest investment so far in cold fusion and it proves there are far sighted businessmen interested in commercializing this important technology. Hopefully Industrial Heat will be able to commercialize the Ecat and looking into other LENR devices such as those at Brillouin.
“...5 convictions ...”
That is five more than anyone I would trust ...
Rossi is a 64 year old ‘inventor”.
And his track record is .... absolutely one of failure after failure.
“You talk to me about Goering, and you quote WIKIPEDIA, whose prejudice against LENR approaches that of Science, Nature, and Scientific American.”
My conspiracy only requires a few people and you complain about it yet WW's conspiracy includes major science journals and that is cool with you.
Consistency is a virtue.
100% sucker, 0% next google
it’s a load of bollocks that what happened.
Don't you think that the due diligence on the technology itself might had have some slight impact on that decision?
The fact remains that IH/Cherokee "did" buy the technology, and has spent $11MM (thus far) on developing it.
I didn't. That is another false assumption on your part.
"Not curious at all, it all makes perfect sense, yes? You are bsing me, you don't find that curious at all, you would accept that excuse from a coworker and maybe we should ask Rossi himself why he made such a hash of a simple experiment? He only answers fawning letters so you are in a unique place in this regard, hop to it."
I repeat, I have no idea why he did it that way. I don't have the time to waste investigating it at this late date.
I'm in the process of ramping up a major design effort on the oceanographic systems, and have even less time (as little as that was) to waste.
"An oscilloscope is a tool, not a panacea. Was it set correctly? Correct time base, trigger set on the correct waveform. I've got a Tek 7904a and every 7000 series module that comes with it and guess what, it's a 500mhz scope but select the one time base and one vertical amp for the slower 7000 series that I have and you only see the low frequency waveform. A scope isn't a magic box, it has to be read. Again, this sounds like a cynical attempt to appear legit.
LOL. Guess what...I've used 'scopes, too. I even owned one 'til technology outstripped it. As usual, your assumption is that all the guys who witnessed that demonstration were not familiar with 'scopes. I would bet that any of the physicists there(there were several) knew how to use them.
"Lets look at this. I ask him, and he's not going to say, hey, you caught me, I am scamming, really lame and should be beneath you but I guess there's no limit to the depths of human depravity when your reality is slipping away.
And maybe he would give an answer that makes perfect sense. Another possibility is that he was targeting his equipment for the US market, and designed it to run on 110 and didn't want to buy a high-power stepdown transformer. Again you are ASSUMING that your "criminal fraud" meme is the only possible one.
"Too bad it doesn't make sense to anyone else except for his cheer leading squad.
LOL. Just because I see more possibile explanations makes me his "cheering squad".
You: No. It's pretty obvious you will go to any lengths to support Rossi.
Another false assumption.
"Allow me a little analysis. You've always been smarter than most people and you obviously have an education but you also have an arrogance about you that us unwashed masses cannot know what you and Rossi seem to know and understand. Pretty typical if not pedantic and pathetic. Rule#1, there's always someone bigger, smarter or badder.
LOL. I've known and worked with a lot of people smarter than I am. I'm a farm boy, raised with cow-shit between my toes, so I "am" (or was) one of the "unwashed masses".
Clue..... I know very well that I am not, let us say, a "top tier" intellect. My sister in law (the geophysicist) "is" one of those (and nuttier than a fruitcake). I fit at the level of "very bright but not genius". What I do have is LOTS (and lots) of experience, and a "knack" for looking at two pieces of technology and seeing ways they can fit together that other people haven't.
"That's laid out in the article, I just thought it was too funny how 900 watts becomes 360 watts. It's not who votes who counts but who counts the votes."
Didn't look at it. No time.
"Low and behold, a 2011 interview with Levy by Krivit about Rossi. He says that three years before 2011, he heard from Focardi about Rossi. He says he saw the ecat on December 2010. You were saying?
"Hearing about Rossi" from Focardi and "having seen the E-Cat" hardly translates into them being close friends. And certainly not close enough friends to falsify test data.
"Link please, can we get an amen on the number of tests conducted during May of 2013??? Seems rather nebulous to me, let's get the number of tests stipulated to so you don't have an out by way of the other test where everything went well.
Nope, not gonna happen. No time. It "was" one of the first two done in Bologna (before the high-flow overnight run). Best I can do right now.
"I actually do think that but not for the reason you think. Rossi isn't an idiot, just amoral so he listens to his critics and games the next test to quiet the critics of the last test. Scam is such a loaded word, how about fraud?
Sorry, not buying it.
"Bollocks, I so love that word. You, who did put in the time for a real PhD have no problem with what Rossi did, you know, I think you're lying to yourself.
Cheez. Look....there is a lot about what Rossi did that I don't understand, but there is enough that I "do" understand that I don't buy the "it's all a scam" idea that seems to be the only option possible for you. And no, I'm not lying to myself (or anyone else).
"I would but I was in a horrible accident and can no longer face looking at myself, thank you for bringing up that painful memory.
It appears that the injury also turned you into a monomaniac. Interesting how being exposed to the word "Rossi" turns you into a foaming-at-the-mouth nutter. Or perhaps one of the Three Stooges (".....slowly I turned, step-by-step, inch-by-inch.....")
“and has spent $11MM (thus far) on developing it.”
WROMG!!!!!!!!!!!!!
Maybe so. But I would wager my last year’s wages against yours that you would have gotten 5 convictions for the same thing under the conditions of Italian justice at the time. And if you think that people being asked to hand over money to someone so untrustworthy are also so stupid as to not perform enhanced due diligence, you are a fool (and I want to play poker against you).
And his track record is .... absolutely one of failure after failure.
***Just like the Controlled-Hot-Fusion boys. Yet, they’ve sucked hundreds of $billions of taxpayer money down a useless rathole. So they are far more fraudulent than Rossi. In fact, Rossi could learn a thing or 2 from them when it comes to conducting a con. He says the corner-turn is 2 years away, they keep saying it’s 50 years away. Now that’s a beautiful con.
W’s conspiracy includes major science journals and that is cool with you.
***I trust WW and Dr. Mossier-Boss, Nobel Prizewinner Randy Schekman & others far more than I trust you.
“How the Flawed Journal Review Process Impedes Paradigm Shifting Discoveries”
http://www.freerepublic.com/focus/f-chat/3101184/posts
“But I would wager my last year’s wages against yours that you would have gotten 5 convictions for the same thing under the conditions of Italian justice at the time. “
Only I would be honest, not a fraud like Rossi so your statement makes no sense.
My conspiracy only requires a few people and you complain about it yet WW’s conspiracy includes major science journals and that is cool with you.
***Before I argue conspiracy theories, I need to know exactly which one yours is. For instance, have thousands of scientists conspired to produce a false replication of the P-F Anomalous Heat Effect more than 14,700 times? Have the 7 independent scientists who black-body-tested Rossi’s device been involved in a conspiracy to defraud? And the multiple others involved in Rossi’s demos? Do you contend that I signed up 15 years ago in order to shill for Rossi, as some have contended on these threads? Is Scientific Instruments, Toyota, Mitsubishi, Navy SPAWAR, NASA, SRI, and ELFORSK all involved in furtherance of this conspiracy? Those are just the beginning of the ever-widening conspiracy theory web, so we might as well start there.
“Just like the Controlled-Hot-Fusion boys. “
No. They are working with proven theories, not mumbo-jumbo ...
If its legit $11 Million seems like a very small pricetag if it was an all cash deal... I would be Westinghouse would have paid figures with far more zeros on the end if its legit.
I doubt you’d be honest. We can take the discussion over here, where you will be shown to generate crickets, thus revealing your dishonesty. You won’t put up nor will you shut up.
http://intrade.freeforums.org/re-anyone-willing-to-make-a-bet-the-ecat-is-not-real-t31.html#p238
If their theories of controlling hot fusion were “proven”, we’d have Nukular cars by now. Your statement shows how ignorant you are. Their theories and experiments have all given us zero-zip-nada, to quote one skeptopath.
That sort of thing has been covered upthread.
First, it is doubtful that $11M covers the whole Rossi nut of technology.
2nd, big name publicly traded companies are too skiddish to put their investor money on the line for a technology that has the hint of ostracism associated with it.
3rd, there is no doubt that such a deal would involve going into production and giving royalties to Rossi for every unit sold. There’s no way it’s all cash. Even a Westinghouse-level enterprise wouldn’t structure a deal like that.
“If their theories of controlling hot fusion were “proven”, we’d have Nukular cars by now. Your statement shows how ignorant you are. Their theories and experiments have all given us zero-zip-nada, to quote one skeptopath.”
That statement shows that you are totally biased and very ignorant ...
Its assets were seized, together with Rossi’s personal assets, and Rossi was arrested pending trial. Rossi spent four years in prison working on his legal defense in 56 trials, 5 of which ended in convictions related to tax fraud. Rossi wrote that he was acquitted in the other 51 trials.[12]
***You’re right. It’s tax fraud, not tax evasion. But no convictions of fraud for anything else. Rossi is a convicted tax fraud, not a convicted con man. At least per the Wikipedia entry.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.