As you wish.
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.
There is nothing to be gained by shouting about their wonderful progress in development while the product is not ready. You only do that if you want investment,
***then when Rossi did his demos and refused investment, what does that mean to you? At the time, his friend and colleague Focardi had cancer. They had been working together for several years and Focardi wanted his recognition, though Rossi wanted to keep silent. Rossi relented, and did some crappy demos.
I do not know if Cold Fusion is a real process or an artifact.
***It was replicated more than 14,700 times before Rossi even came onto the scene.
This is for scientists to find out. However looking from the business point of view,
***Good idea. Where is the “business point of view” on controlled-hot-fusion today? There has been hundreds of $billions dumped into this fraud with PUBLIC money. Absolutely zero in return...
efforts to productize the energy output are extremely disappointing so far.
***I would agree with that.
And that is after several demos that Rossi performed - which presumably prove that the energy production has positive balance.
***Today’s announcement suggests that he’s moving forward, even with a terrible legal-convict background. That means the technology has to meet a higher standard to overcome the character barrier.
From the business POV, the only way to get energy out of this whole segment of industry is by burning their press releases :-)
***From the business POV, Rossi is a man of questionable character. So for someone with a Yale law degree to invest in him suggests his technology is so impressive that it overcomes that barrier.
Most likely this company is part of the scam.
***The ever-widening conspiracy theory scam. 14000 replications. Multiple Phycisist PHDs buying into it after demos, even some who were from the Skeptics Society. 7 independent scientists publishing a favorable independent report. This company buying into it. Lots of reputations being put on the line. Rossi pulling the wool over their eyes even when he wasn’t IN THE ROOM.
It’s amazing how much is attributed to Rossi. Surely, the greatest con man in history, who can outwit 7 independent scientists without even being in the room. He also can separate highly educated investors from their money, he can pull the wool over the eyes of various reputable scientists like Focardi, even with a criminal record. He can anticipate what scientists would test for and modify his rig accordingly. Surely the greatest magician in history as well.
But what do I attribute to Rossi? That he got lucky, that he needed Focardi to further his research because he was too dim to penetrate the theory; that he was a terrible demo artist, even to the point of inviting charges of cheating; that he’s mercurial and a crappy scientist, and a man of questionable character.
Occham’s Razor points to the answer here. But the skeptopaths are so wrapped around the axle that they cannot reason inductively.
Could be. I did not think about that part of it.
Could be a long con.
Could be a long con.
***Greatest con in history. Just on that note, worth following.
I wouldn't classify those demos as "crappy." They worked. The catch was in tight controls over the demos. I reviewed the scenarios, and even came up with one possibility for feeding external power into the system through wires. It would have helped greatly to make the demo more open. Keep the reactor secret; but let anyone else make hot water with this machine. After a while all the skeptics would have ran out of arguments.
Where is the “business point of view” on controlled-hot-fusion today? There has been hundreds of $billions dumped into this fraud with PUBLIC money. Absolutely zero in return...
Well, hot fusion has one big excuse - nobody doubts that it works :-) Yes, it's hard to control, but the foundation is solid, and it is entirely described by existing physics. I am not all that excited about waiting so long for my flying car, but at least it has potential. Will hot fusion reactor ever be done? I don't know. Given enough time, yes. The Sun is pretty much under control; it's just we don't need a reactor that big :-)
***From the business POV, Rossi is a man of questionable character. So for someone with a Yale law degree to invest in him suggests his technology is so impressive that it overcomes that barrier.
Perhaps. I wouldn't be very sure about that in either direction. It can be good and it can be bad. I see it as neutral so far. If the money helps build the working machine, it's everyone's win. If not... too sad. Humanity would love to gain access to cheap and safe nuclear reactors. But the realist in me advises caution. Since I'm focused on practical assessment of a working device, it is not relevant to me what Rossi was convicted for. Rossi is not a product; his machine is. That's why I want to see the working machine, not the credentials of its inventors.
No global warming is the longest con. Those scientist that say this is legit...where do they stand on global warming. That will yell me whether I can trust them or nor.
You could fly the space shuttle all the way to the moon if you burned the Affordable Health Care Bill.
As you wish.
If it was real 11 million wouldn’t touch it, maybe 11 trillion, but since it was purchased so cheaply, I doubt we will ever see a working product.
There’s 5 or 6 billion dollars of it about a mile away from my office...
Here’s the best part of Blacklight’s web site:
“BlackLight has developed a system engineering design of an electric generator that is less that a cubic foot in volume to generate ten million watts of electricity, enough to power ten thousand homes”.
Has anyone broke the news to Rossi yet?
BTW, IIRC I said let me know when a company buys one of these things. At least some others said it as well.
So... another step.
Wouldn't that be the point of buying the rights ?
how much will a unit cost?
How big do you want it ?
how big is the unit?
How much money you got ?
how much will a ‘refill’ cost?
That varies with the amount of government legislation.
how much energy will a ‘refill’ generate and for how long?
How big is your unit ?
If it actually works, it’s worth hundreds of billions, maybe trillions of dollars. Why sell for $11 million?
And that, ladies and gentleman, is all that needs to be said...another pearl of wisdom from the class of ‘98.
Ye flippin' gods, man. There is NO evidence of any sort that Industrial Heat (and especially the company backing them....Cherokee Investments) are illegitimate. They have a publicly available track record a mile long of backing legitimate technology startups ("BioMason" is quite interesting).
It's time and past time to put the "it's a scam" scam to rest.
Don't be ridiculous. And the payment was $20MM. $11MM is the amount that has been spent. Rossi (and the other investors) will make their money from sales profits and stock value increase, just like M'soft, Apple, and any hundred other high-tech companies....none of whom started out as "billion dollar" valued.
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