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.
I see you are incapable of having a discussion based in/on facts. Another in a long line of seagulls. Consider yourself relegated to my list of trolls.
I see you are incapable of having a discussion based in/on facts. Another in a long line of seagulls. Consider yourself relegated to my list of trolls.
“I see you are incapable of having a discussion based in/on facts. Another in a long line of seagulls. Consider yourself relegated to my list of trolls.”
Well, if it is not prefaced with “Jennifer said” it is not valid. At least from Kevmo’s perspective ...
I’ll ask politely.....please do not post to me. I have no interest in your attempts at humor, or anything else you might say. You’ve outed yourself as a troll. Bug off.
I’ll ask politely.....please do not post to me. I have no interest in your attempts at humor, or anything else you might say. You’ve outed yourself as a troll. Bug off.
Do you remember when you posted about the Edison Machine and Genesis World Energy? The machine that was market ready in 2002 and would be soon powering homes all over the world?
Kelly Sentenced for Stealing Funds Invested in Bogus Fuel Technology Venture
Genesis World Energy founder lied about the technology and its alleged partners, defrauds investors, misallocates funds, including $2.5 million from around 500 New Jersey residents.
“When a high officer of the company makes a public statement “we have....allocated 20 million dollars for research...of which 11 million has been spent...”, what more do you need???”
http://pesn.com/2006/11/15/9500433_Genesis_Patrick_Kelly_conviction/
The Division of Criminal Justice obtained a state grand jury indictment on Sept. 23, 2005 charging Kelly with second-degree securities fraud in connection with his sale of “common stock” in United Fuel Cell Technologies. The indictment alleges that he falsely claimed that United Fuel Cell Techologies was a Delaware corporation, and that Hewlett Packard and IBM had agreed to assist the corporation in developing and marketing its technology and related products. In fact, United Fuel Cell Technologies was never incorporated, and Hewlett Packard and IBM did not make any agreement with the company. Kelly also was indicted on second-degree charges of conspiracy and theft.
"The indictment alleges that he falsely claimed that United Fuel Cell Techologies was a Delaware corporation.."
Look troll, I never posted about either "..the Edison Machine..." nor "..United Fuel Cell Technologies...".
So stop posting imaginary scenarios.
None of those reflect the situation with Industrial Heat, LLC as the chief officer off IH is also a major holder of Cherokee Investors, the company backing IH.
But my preference is that you not post to me AT ALL. Or are you going to ignore one of the key aspects of Freeper etiquette as formulated by our Admin Moderator....." only a troll would continue to post to a Freeper after being asked to stop". So I am asking you for the second time.....please cease to post to me...on any topic.
“Look troll, I never posted about either “..the Edison Machine...” nor “..United Fuel Cell Technologies...”.”
http://www.freerepublic.com/focus/f-news/2719826/posts
” Cherokee Investors”
From their website:
The full, vertical development of Cherokee’s project in Denver is expected to occur over the next 10-15 years. Demolition and infrastructure design began in 2006. The first phase of construction will begin in 2007 with first occupancy anticipated in 2009. For additional information, visit our project website at www.cherokeedenver.com
But try going to www.cherokeedenver.com!
Oops! Google Chrome could not find www.cherokeedenver.com
And here is a link to a discussion about how Denver is still trying to figure out what to do with the site:
http://www.bizjournals.com/denver/news/2013/09/11/gates.html?page=all
If your point is to prove yourself a liar in addition to a troll, you are certainly accomplishing that.
So, once again I ask politely...please don't post your irrelevant tripe to me.
PLEASE STOP POSTING TO ME.
" Trolls, troublemakers, disruptors, forum pests, malcontents, RINOs, liberals, stalkers, et al, would continue posting to (harassing) someone after being asked to stop. Conservative FReepers would not."
“PLEASE STOP POSTING TO ME.”
Then please stop posting to ME! You make an argument to me then say don’t post to you. Not fair.
It looks like I should relegate you to my list of seagulls as well, since you have demonstrated an overwhelming preference to argue from classic fallacies and have demonstrated an exceptionally high AdamHenry*BandWagon index.
You’re just a seagull. Do not post to me.
PLEASE STOP POSTING TO ME also... on this topic.
” Trolls, troublemakers, disruptors, forum pests, malcontents, RINOs, liberals, stalkers, et al, would continue posting to (harassing) someone after being asked to stop. Conservative FReepers would not.”
Done!
No such company exists in the business database for the North Carolina Secretary of State.
Is this another Rossi scam? Is Rossi using fictitious companies to make up press releases? Rossi has done this kind of fraud before.
This is the business registration Rossi claimed a few years ago to be building his nuclear reactor, a 5th floor apartment in Miami:
All corporation are required to register as a foreign entity in every State. Industrial Heat LLC has no such registration in North Carolina. Where they incorporate means nothing when they fail to register in the State they claim to be doing business. It is effect nullifies their corporate status in North Carolina.
Rossi has a history of doing this. Several of his corporations are improperly registered or not registered and use other people’s names.
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