In my own field, I see this kind of press release/investor recruitment all the time. I always tell people that such press releases are for the purpose of attracting investors, so may overstate the results of the research.
In my experience, people go to the government to apply for grants to do the basic research. It is when they are closer to having a commercial product--and are moving beyond the basic research stage, when the government funding dries up--that you begin to see these press releases.
I wouldn't call it a scam. It's just how research and product development works.
It is when they are closer to having a commercial product—and are moving beyond the basic research stage, when the government funding dries up—that you begin to see these press releases.
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What research? They haven’t published a single scientific paper. And how can they be close to a commercial product when they haven’t built a prototype, and they are citing the favorite time frame for scammers, 10 years, to have a commercial product? But when you’re a big government contractor looking to bilk taxpayers I suppose it isn’t a scam, it’s business as usual.