Posted on 01/31/2014 5:44:59 PM PST by Kevmo
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.
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."
“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.
“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.
“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.
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.
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.
“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!
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.
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.
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.
“NASA”
NASA shut down its work on LENR.
Source?
“Source?”
NASA
You are struggling. Posting a one pade unsighned, undated, meaningless abstract as representing nasa’s promise of a lenr future????
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
“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.”
“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.
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.