[TexasGator]

I keep noting two things.

1. NO mention of money being invested!

2. Notice that they did NOT say that IH had done an evaluation. Nice ‘hands-off’ way of avoiding future litigation for fraud.

[Rockingham]

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."