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.
Gee but you spell gud. So tell us, how much have they spent on development.
I note that I have read elsewhere that IH is offering to buy back the licenses that Rossi had previously signed with full refund plus 10%. Why would they do that if they weren't well-assured by their own due diligence that the tech was real?
So, your opinion is that one good scam deserves another?
“So tell us, how much have they spent on development.”
I can only go by what is documented. So far it is ZERO!
You can now start promoting CHF. Here is the documented evidence. At least it is ‘evidence’ that meets your criteria ....
How do you define "documented"? When a high officer of the company makes a public statement "we have....allocated 20 million dollars for research...of which 11 million has been spent...", what more do you need???
Or does it have to be specifically announced in Science, Nature, the NYT, and the WP???
“How do you define “documented”? When a high officer of the company makes a public statement “we have....allocated 20 million dollars for research...of which 11 million has been spent...”, what more do you need???”
Spent on what? Lavish parties, booze and women?
Straw argument. I never said that.
My position is that the funding of the research should be proportional to results. Right now the results of Cold Fusion are 14 ORDERS OF MAGNITUDE more cost effective than CHF.
—————————www.mail-archive.com/vortex-l@eskimo.com/msg85822.html-———————
And my position is also that the level of invective should be proportional to the fraud involved. With CHF we’ve got hundreds of $billions pissed down a fraud rathole, a 50 year corner-turn, and nothing to show for it. with Cold Fusion we’ve got a 3 year corner-turn, only a few tens of $millions spent, and IP being bought on the open market. So if you combine the two calculations, you’ve got another 2 orders of magnitude added to the 14 where Cold Fusion is more cost effective, it is now 16 Orders Of Magnitude less fraudulent. So you should be spending way, way (16 ‘way’) more energy and effort decrying the CHF fraud.
“Right now the results of Cold Fusion are 14 ORDERS OF MAGNITUDE more cost effective than CHF.”
Effective for supporting Rossi and buddies at taxpayer expense ...
I can only go by what is documented. So far it is ZERO!
***U no ken spell gud, nor ken reed gud. Artikle sez $11m spent development. Dat far more dan ur zero figger.
“And my position is also that the level of invective should be proportional to the fraud involved.”
So, you want me to go away and leave you to your scamming?
“Artikle sez $11m spent development. “
Spent on what? The article doesn’t say.
You can now start promoting CHF. Here is the documented evidence. At least it is ‘evidence’ that meets your criteria ....
***That stuff is friggin Satire, Sparky. Feel free to promote CHF on that basis because it surely is accurate. Geez, your idiotic arguments are unreal.
Spent on what? Lavish parties, booze and women?
***That’s precisely what the CHF funds have been spent on, with zero results, hundreds of $billions pissed down a fraud rathole, and STILL a 50 year corner-turn.
“with Cold Fusion we’ve got a 3 year corner-turn, only a few tens of $millions spent, and IP being bought on the open market. “
Show where tens of millions have been spent on cold fusion ....
Duh.... three years ago Rossi was one year from production ...
“***That stuff is friggin Satire, Sparky. Feel free to promote CHF on that basis because it surely is accurate. Geez, your idiotic arguments are unreal.”
It has as much basis at the garbage you post.
So, you want me to go away and leave you to your scamming?
***Here you drop down to accusing a fellow freeper of scamming, not just that the technology promoted is a scam. It is typical of the skeptopath attitude, the unwillingness to debate the science behind the claims, the bandwagon jumping, the logical fallacy of the horse laugh & derision, the inability to simply argue your case without using fallacies, the irrationality, the ridiculous level of the argumentation, and the unwillingness to do the homework.
” When a high officer of the company makes a public statement “
http://en.wikipedia.org/wiki/Jon_Corzine#MF_Global
“the unwillingness to debate the science behind the claims”
How can you debate the science when there is NO science stated?
It is stunning to see that you’re “concerned” that Rossi or other LENR researchers might get funded at taxpayer expense in light of the huge amount of CHF fraud over the last 50 years. If LENR had only 2% of that funding, we’d have Cold Fusion cars by now. Instead, we got Crap from the CHF guys, just 50 year corner-turn promises if we keep pouring $billions down that fraudulent rathole. You aren’t concerned about fraud, you’re just jumping onto a bandwagon , the AdamHenry*BandWagon index is high for CHF, low for Cold Fusion. Just like your posts, the AH*BW index has been high, which is why you’re so attracted to CHF and so much of an AH about cold fusion.
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