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.
“It is in the IH press release. “
Only it is NOT in the IH press release.
Only we have no documentation that they did.
***Only for the truly PTIFOM unwashed skeptopath.
http://www.freerepublic.com/focus/f-chat/3115370/posts
Why focus on ‘jennifer’? Why not do a simple google search for the guys mentioned in the article? Because you’re a PTSIFOM skeptopath.
http://www.freerepublic.com/focus/f-chat/3115370/posts
“Even if it IS just a blogpost from some jennifer chick, it is still a claim.”
Unsubstatiated claim. This is how scams work.
“Why focus on ‘jennifer’? “
Because she is the author of the article you posted and the ONLY source for your claim of the money spent.
Sorry. I cannot find any statement of funds invested in cold fusion.
You said, Show me where IH confirms the rumors.
I showed you on THEIR press release.
It appears that you have a reading comprehension problem. Don’t worry, it is quite typical of AdamHenry*BandWagon jumping skeptopaths. But yours does appear to be more severe than normal. You might have a doctor take a look at it.
You could look across the sky and not see the sun.
the ONLY source for your claim of the money spent.
***I posted the IH press release and you COPIED it WORD FOR WORD. That is at the very least, a 2nd source. Wow, you really have a terrible reading comprehension problem. There are qualified physicians who can treat such a condition.
This is how scams work.
***Your “concern” about scams is very noteworthy. Where is your “concern” for the CHF scam, which has pissed hundreds of $billions down a TAXPAYER (not private funding) rathole? It is absent. Because, concern troll is truly concerned when the AdamHenry*Bandwagon index is low, but concern troll is unconcenred when the index is high.
Don’t worry, shortpants. Your reading comprehension problem is addressible in modern medicine.
And you are therefore, by your “concern” stated and unstated, promoting the CHF scam which has sucked away hundreds of $billions of taxpayer money.
Are you the Iraqi Defense Minister?
You’ve been pointed to the press release. You even POSTED it WORD FOR WORD. So, what’s your excuse? It is PTSIFOM. The ultimate in useless skeptopathism.
“You’ve been pointed to the press release. You even POSTED it WORD FOR WORD. “
I posted it because it does not say what you said it says. NOWHERE does it say what you claim. Thank you.
Only Jennifer’s word.
***And yet, you posted IH’s Press Release Word for Word.
That is just an amazing level of disingenuous PTSIFOM skepopathy. Such a person would rival the Iraqi Defense Minister.
“That is at the very least, a 2nd source. Wow, you really have a terrible reading comprehension problem. “
I posted it. Please show me where it mentions the $11 million funding. You can’t.
Sure it does. Thanks for continuing to post. It is enlightening for lurkers to see the depths that skeptopaths will go in their denial of the obvious.
“Sure it does.”
No it doesn’t.
Of course I can. But when confronted by someone who adamantly claims there is no sun in the sky, the only thing to do is to show others how ridiculous the claim is. So, please, keep posting on this thread.
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.