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.
“IP being bought on the open market”
Web address?
You’re arguing from silence. Classic fallacy.
It is a ridiculous assumption to think that someone spends $11m out of $20m committed this technology and to portray it as wine, women and song.
At this point, it takes $20M just to get into the game, to have the RIGHT to develop the technology. That is what the article says.
“It is stunning to see that you’re “concerned” that Rossi or other LENR researchers might get funded at taxpayer expense “
And you are not?
It’s in this FReepin article, dude. Geez, are you willingly this stupid or is it just genetic?
“It is a ridiculous assumption to think that someone spends $11m out of $20m committed this technology and to portray it as wine, women and song”
Only you have NO documentation that $11 million was spent on cold fusion so quit repeating it.
“It’s in this FReepin article, dude. Geez, are you willingly this stupid or is it just genetic?”
Uh ... I am supposed to believe the article? Get real. Show me where IH confirms the rumors. Thank you.
“It’s in this FReepin article, dude. Geez, are you willingly this stupid or is it just genetic?”
Oh. You are referring to the blog post by ‘Jennifer’. Geez.
Feel free to debate the science on the threads where the science IS stated. Do we see you there? Nope. That’s because the AdamHenry*BandWagon index for real science being discussed is low, and you lack the background, the courage, and the ability to debate the science behind the claims.
You could answer a fews very simple questions, but you won’t. It is obvious that Rossi has a bad reputation. So he’s in discussion with some VC fund, and it would appear that your assumption is the VC guys are so stupid that they’ll just hand over $20M without even a good demo (though the article states otherwise). So, if Rossi’s science was SO ridiculous, how did he get these guys to fork over some dough when his reputation is so bad? Is he some kind of mastermind hypnotist, on top of being the greatest magician and con artist in the world? You say there’s no science stated, but there is: The demo’d science behind Rossi’s claims was enough to get some hard headed (and smarter than you) VC fund boys to put their hard earned cash on the table to further it.
“It’s in this FReepin article, dude. Geez, are you willingly this stupid or is it just genetic?”
hmmm. An ‘article’ written by Jennifer on some website that has exactly 5 articles all written by this Jennifer.
A website that has no home page or documentation ... only five articles written by ‘Jennifer’.
YOU GOT TO BE KIDDING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
“how did he get these guys to fork over some dough “
Only we have no documentation that they did. Only Jennifer’s word.
Please .... who is Jennifer?
“You say there’s no science stated, but there is: The demo’d science behind Rossi’s claims was enough to get some hard headed (and smarter than you) VC fund boys to put their hard earned cash on the table to further it.”
Who is this ‘Jennifer’ you keep citing?
It is in the IH press release. Again, I ask, are you willingly this stupid or is it just genetic? T hat’s an amazing level of PTSIFOM attitude you have demonstrated, far more than the average skeptopath.
http://www.digitaljournal.com/pr/1700070
“It is in the IH press release. “
Here is your link. NOWHERE in it.
RESEARCH TRIANGLE, N.C., Jan. 24, 2014 /PRNewswire-USNewswire/ — Industrial Heat, LLC announced today that it has acquired the rights to Andrea Rossi’s Italian low energy nuclear reaction (LENR) technology, the Energy Catalyzer (E-Cat). A primary goal of the company is to make the technology widely available, because of its potential impact on air pollution and carbon dioxide emissions from burning fossil fuels and biomass.
“The world needs a new, clean and efficient energy source. Such a technology would raise the standard of living in developing countries and reduce the environmental impact of producing energy,” said JT Vaughn speaking on behalf of Industrial Heat (IH).
Mr. Vaughn confirmed IH acquired the intellectual property and licensing rights to Rossi’s LENR device after an independent committee of European scientists conducted two multi-day tests at Rossi’s facilities in Italy.
The published report by the European committee concluded, “Even by the most conservative assumptions as to the errors in the measurements, the result is still one order of magnitude greater than conventional energy sources” [referring to energy output per unit of mass]. The report is available online at http://arxiv.org/abs/1305.3913. In addition, performance validation tests were conducted in the presence of IH personnel and certified by an independent expert.
Since acquiring Rossi’s technology, IH has engaged in a broad-based effort to protect it by preparing numerous patent applications related to the core technology as well as associated designs and uses.
Tom Darden, who co-founded Cherokee Investment Partners, a series of private equity funds specializing in cleaning up pollution, is a founding investor in Industrial Heat. He is one of a small group of like-minded investors who are supporting this technology because it could significantly address a number of social and environmental challenges. They have committed to make it broadly available because of its potential for impact. IH is considering partnerships with industry participants, universities and NGO’s to ensure the technology is developed in a thoughtful and responsible manner.
JT Vaughn manages Industrial Heat. He is the founder of Cherokee McDonough Challenge, an accelerator for environmental startups, and a leader in the startup community in the Research Triangle.
Companies or organizations interested in partnering with Industrial Heat should reach out to JT Vaughn at info@industrialheat.co.
CONTACT: JT Vaughn, jvaughn@industrialheat.co, 919-649-5299
SOURCE Industrial Heat, LLC
Read more: http://www.digitaljournal.com/pr/1700070#ixzz2sKC5Z7sD
And you are not?
***My concern is proportional. Cold Fusion is 14 orders of magnitude more cost effective than CHF, so where is your concern about the CHF fraud to date? It would appear that YOU are not concerned. Concern troll is concerned when it’s Cold Fusion, but Concern Troll is unconcerned about Hundreds of $Billions of CHF fraud.
“My concern is proportional. “
Inversely proportional. You are promoting Rossi’s scam.
Only you have NO documentation that $11 million was spent on cold fusion so quit repeating it.
***Again. Because you’re so slow on the uptake. It’s in the article.
Are you “Jennifer”?
” It’s in the article.”
A blog written by the one and only JENNIFER!!!!!!!!!!
” It’s in the article.”
But not in the IH press release ....
Even if it IS just a blogpost from some jennifer chick, it is still a claim. But you appear to be so much of a PTSIFOM skeptopath that you won’t click through to other articles.
case in point
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