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Start-up purchases controversial cold fusion nuclear reactor E-cat - Let's see if it works
FutureIsTech.Info ^ | 01/26/2014 | Admin

Posted on 01/31/2014 5:44:59 PM PST by Kevmo

click here to read article


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To: Rockingham

Kevmo kept putting up the same link hundreds of times but NOWHERE in the release does it mention any money. I think that is the fourth time you have posted it to me. In the future you can just refer to it as the IH PR. Thank you.


181 posted on 06/15/2014 4:52:31 PM PDT by TexasGator
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To: TexasGator
The press release begins by stating that Industrical Heat LLC "has acquired the rights" to Rossi's E-Cat. As is the common practice, the money terms were not revealed, but money was no doubt involved. That is what venture capital firms do: they invest money.

As for testing, the press release states that "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. . . . In addition, performance validation tests were conducted in the presence of IH personnel and certified by an independent expert."

Still not enough for you? Then take a look at the story in the Triangle Business Journal: Raleigh’s Cherokee buys into controversial nuclear tech device. That article states: "Vaughn did not disclose financial terms of the deal with Rossi, but Industrial Heat stated in a U.S. securities filing last fall that it had already raised $11.6 million from investors."

182 posted on 06/15/2014 5:48:08 PM PDT by Rockingham
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To: Rockingham

“That article states: “Vaughn did not disclose financial terms of the deal with Rossi, but Industrial Heat stated in a U.S. securities filing last fall that it had already raised $11.6 million from investors.” “

The money was seeded by Cherokee partners.


183 posted on 06/15/2014 7:51:25 PM PDT by TexasGator
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To: Rockingham

“The press release begins by stating that Industrical Heat LLC “has acquired the rights” to Rossi’s E-Cat.”

Why in the heck would Rossi cede rights to the E-Cat when he has the production facilities going full bore for delivery in 1Q 2014.

Does not compute.


184 posted on 06/15/2014 7:53:00 PM PDT by TexasGator
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To: Rockingham

“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.”

hmmm. A little birdy told me that Rossi didn’t pursue patents because he didn’t want to reveal his secrets till he was in production. Something does not compute here.


185 posted on 06/15/2014 8:05:08 PM PDT by TexasGator
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To: TexasGator
Rossi no doubt got and will get m-o-n-e-y from Industrial Heat, which is what the press release meant in stating that IH "acquired the rights" to Rossi's device.

As for there not being immediate production and sale of E-Cats as once projected by Rossi, whatever else may be said of him, he has never been accused of having a talent for business. At some point, Rossi was forced to recognize that no matter the merits of the E-Cat and that he might be able to get it produced in numbers, he would need independent safety testing and certification before he could market it.

Based on the press release, it seems that Industrial Heat intends to devote an initial production run to a round of independent testing by universities, governments, and select commercial customers. The E-Cat may fail to work or it may prove to be of marginal value, but with a credible American venture fund now in charge, it will not be rushed to market without its merits first being proved.

186 posted on 06/15/2014 8:30:02 PM PDT by Rockingham
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To: Rockingham

http://freeenergyscams.com/andrea-rossi-e-cat-report-on-the-petrol-dragonomar-scam-part-1a/

If you want to find out more about Rossi’s multiple arrests and how Mats Lewan shills for him, read the above link.


187 posted on 06/15/2014 8:33:32 PM PDT by TexasGator
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To: Rockingham

“As for there not being immediate production and sale of E-Cats as once projected by Rossi, whatever else may be said of him, he has never been accused of having a talent for business.”

hmmm. I think saying in 4Q 2013 that you had sales that would be shipping in 1Q 2014 and you didn’t would be outright lying!


188 posted on 06/15/2014 8:35:30 PM PDT by TexasGator
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To: Rockingham

http://www.extremetech.com/extreme/171660-1-megawatt-cold-fusion-power-plant-now-available-yours-for-just-1-5-million

Rossi claims to have one-MW thermal unit available. However it requires 200kw input to keep it running.

At 30% efficiency that means he can get 300 kw out max with 200 kw in. That gives him an output of 100kw which is a revenue of about $2 dollars an hour. If he runs 24/7 he will net less than $100,000 per year (I am being generous). Invest in Treasuries and you get over $400,000 per year. Anyone with any sense would put their money in treasuries.


189 posted on 06/15/2014 9:11:06 PM PDT by TexasGator
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To: TexasGator

Again, inventors are notoriously prone to excessive optimism and over-promising, and Rossi obviously lacks business ability. Does that make his E-Cats a fraud? As a simple matter of logic, no, even if Rossi’s defects and failures justify a higher degree of caution in assessing his claims.


190 posted on 06/16/2014 12:07:39 AM PDT by Rockingham
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To: TexasGator
I have read enough to get a sense of it and find it badly written, confusing, tendentious, and poorly documented. More broadly, the Italian justice system is so badly run and corrupt that it tends to inspire wide-scale dishonesty, and the apparent charge against Rossi, bankruptcy fraud, does not directly and logically bear against the validity of the E-Cat.
191 posted on 06/16/2014 12:15:34 AM PDT by Rockingham
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To: TexasGator
Even if that is the limit of efficiency for Rossi's device, LENR would still have value as way to heat water. However, Industrial Heat seems to think otherwise, as does NASA, which has research underway into LENR as a way to power aircraft: Low Energy Nuclear Reaction Aircraft.

No doubt Industrial Heat, NASA, and others working on LENR technology and devices are intently focused on improving energy yields. Of course, NASA's perspective is likely informed by its institutional understanding of the scale and pace of technological progress achieved after the first flights of the Wright brothers Flyer and Robert Goddard's rockets.

192 posted on 06/16/2014 12:51:59 AM PDT by Rockingham
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To: Rockingham

“NASA”

NASA shut down its work on LENR.


193 posted on 06/16/2014 8:03:58 AM PDT by TexasGator
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To: TexasGator

Source?


194 posted on 06/16/2014 9:25:51 AM PDT by Rockingham
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To: Rockingham

“Source?”

NASA


195 posted on 06/16/2014 9:43:48 AM PDT by TexasGator
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To: Rockingham

You are struggling. Posting a one pade unsighned, undated, meaningless abstract as representing nasa’s promise of a lenr future????


196 posted on 06/16/2014 9:49:38 AM PDT by TexasGator
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To: TexasGator
How about a web link to the source? That is what I provided, with enough text for you to backtrack and explore the matter further using a search engine.
197 posted on 06/16/2014 10:34:00 AM PDT by Rockingham
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To: Rockingham

Page not found

The requested page “/sites/default/files/attachments/” could not be found.

” That is what I provided, with enough text for you to backtrack and explore the matter further using a search engine.”

Yep. Leads to dead end.


Home
Contact Us
NASA Privacy Policy

Website Editor: Yael Kovo
NASA Official: Michael Dudley
Last Updated: March 11, 2014


198 posted on 06/16/2014 11:32:28 AM PDT by TexasGator
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To: Rockingham

“NASA’s perspective is ...”

That LENR is an unproven and distant possibility. They have only one dude that even looks at the subject and he has not reviewed any of the ‘tests’.

His statement: “No peer reviewed, published sources.”


199 posted on 06/16/2014 2:15:25 PM PDT by TexasGator
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To: Rockingham

“How about a web link to the source? That is what I provided, with enough text for you to backtrack and explore the matter further using a search engine.”

Yep. An example of our government waste by Doug Wells, NASA Langley Research Center.


200 posted on 06/16/2014 2:48:14 PM PDT by TexasGator
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