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Itís Official US Startup Admits to Purchasing Rossiís E-cat LENR Technology
Cold Fusion3.com ^ | January 25, 2014 | jennifer

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.


TOPICS: History; Science
KEYWORDS: bollocks; canr; cmns; coldfusion; lenr
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1 posted on 01/27/2014 9:05:31 PM PST by Kevmo
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To: dangerdoc; citizen; Liberty1970; Red Badger; Wonder Warthog; PA Engineer; glock rocks; free_life; ..

The Cold Fusion/LENR Ping List

http://www.freerepublic.com/tag/coldfusion/index?tab=articles


http://lenr-canr.org/

Vortex-L
http://tinyurl.com/pxtqx3y


2 posted on 01/27/2014 9:06:16 PM PST by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Kevmo

Bring on the seagulls.


3 posted on 01/27/2014 9:12:54 PM PST by B4Ranch (Name your illness, do a Google & YouTube search with "hydrogen peroxide". Do it and be surprised.)
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To: B4Ranch

Seagulls don’t like showing up in dog parks, have you noticed? They prefer to be lazy.


4 posted on 01/27/2014 9:16:11 PM PST by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Kevmo

will it be productized?

how much will a unit cost?

how big is the unit?

how much will a ‘refill’ cost?

how much energy will a ‘refill’ generate and for how long?


5 posted on 01/27/2014 9:16:38 PM PST by sten (fighting tyranny never goes out of style)
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To: sten

It’s on the way. Startup money is going after it. Where is the startup money on the controlled-hot-fusion con?


6 posted on 01/27/2014 9:17:49 PM PST by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Kevmo

Doesn’t matter. Obama will EO it out of business. Then confiscate the technology in the name of homeland security, then GIVE the technology to China.


7 posted on 01/27/2014 9:36:59 PM PST by mountn man (The Pleasure You Get From Life Is Equal To The Attitude You Put Into It)
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To: mountn man

Maybe so, but there are still plenty of 3rd world nations to sell this to.


8 posted on 01/27/2014 9:40:24 PM PST by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: sten

The following is a public service announcement from the Amara Society:

“The bomb will never go off. I speak as an expert in explosives.” – - Admiral William Leahy , US Atomic Bomb Project

“There is no likelihood man can ever tap the power of the atom.” — Robert Millikan, Nobel Prize in Physics, 1923

“Computers in the future may weigh no more than 1.5 tons.” — Popular Mechanics, forecasting the relentless march of science, 1949

“I think there is a world market for maybe five computers.” — Thomas Watson, chairman of IBM, 1943

“I have traveled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won’t last out the year.” — The editor in charge of business books for Prentice Hall, 1957

“But what is it good for?” — Engineer at the Advanced Computing Systems Division of IBM, 1968, commenting on the microchip.

“640K ought to be enough for anybody.” — Bill Gates, 1981

This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us” — Western Union internal memo, 1876.

“The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?” — David Sarnoff’s associates in response to his urgings for investment in the radio in the 1920s.

“The concept is interesting and well-formed, but in order to earn better than a ‘C,’ the idea must be feasible” — A Yale University management professor in response to Fred Smith’s paper proposing reliable overnight delivery service. (Smith went on to found Federal Express Corp.)

“I’m just glad it’ll be Clark Gable who’s falling on his face and not Gary Cooper” — Gary Cooper on his decision not to take the leading role in “Gone With The Wind.”

“We don’t like their sound, and guitar music is on the way out” — Decca Recording Co. rejecting the Beatles, 1962.

“Heavier-than-air flying machines are impossible” — Lord Kelvin, president, Royal Society, 1895.

“If I had thought about it, I wouldn’t have done the experiment. The literature was full of examples that said you can’t do this” – - Spencer Silver on the work that led to the unique adhesives for 3-M “Post-It” Notepads.

“Drill for oil? You mean drill into the ground to try and find oil? You’re crazy” — Drillers who Edwin L. Drake tried to enlist to his project to drill for oil in 1859.

“Stocks have reached what looks like a permanently high plateau.” – - Irving Fisher, Professor of Economics, Yale University , 1929.

“Airplanes are interesting toys but of no military value” — Marechal Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre , France .

“Everything that can be invented has been invented” — Charles H. Duell, Commissioner, US Office of Patents, 1899.

“The super computer is technologically impossible. It would take all of the water that flows over Niagara Falls to cool the heat generated by the number of vacuum tubes required.” — Professor of Electrical Engineering, New York University

“I don’t know what use any one could find for a machine that would make copies of documents. It certainly couldn’t be a feasible business by itself.” — the head of IBM, refusing to back the idea, forcing the inventor to found Xerox.

“The abdomen, the chest, and the brain will forever be shut from the intrusion of the wise and humane surgeon,” — Sir John Eric Ericksen, British surgeon, appointed Surgeon-Extraordinary to Queen Victoria 1873.

And last but not least…

“There is no reason anyone would want a computer in their home.” — Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977


9 posted on 01/27/2014 9:46:07 PM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: Kevmo

This company either got suckered or will be the next Google of energy.
Time will tell.


10 posted on 01/27/2014 9:46:31 PM PST by tennmountainman (Just Say No To Obamacare)
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To: tennmountainman

Well, where do you think the 2 possiblities lie? 50/50? 70%sucker/30%NextGoogle? 90%sucker/10%NextGoogle? Why?

The guy has a JDLaw from Yale or somesuch place. It’s likely he’s smarter than me or you.


11 posted on 01/27/2014 9:51:15 PM PST by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Kevmo
I would be more interested in your follow-up on the BlackLight demo that is supposed to happen tomorrow, as you reported earlier:

This breakthrough transformational power technology can be witnessed in a live demonstration hosted by BlackLight of on January 28th at 11 AM. Details and updates will be posted at the company website (http://www.blacklightpower.com/). Those interested in attending can contact BlackLight to preregister for this limited availability event.

Currently their Web site is not mentioning this demo at all, which is somewhat strange for an event of global importance.

12 posted on 01/27/2014 9:54:24 PM PST by Greysard
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To: bigbob

“What are you going to do with a computer?” —Me, engineering student, 1984


13 posted on 01/27/2014 9:55:09 PM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: bigbob

Cool compilation.

“We don’t like their sound, and guitar music is on the way out” — Decca Recording Co. rejecting the Beatles, 1962.
***Recall that the way that Led Zeppelin decided on the name of their band: Some record company executive said that they would have as much chance as a “lead Zeppelin”.


14 posted on 01/27/2014 9:55:46 PM PST by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: Kevmo

15 posted on 01/27/2014 10:00:13 PM PST by Bobalu (Happiness is a fast ISR)
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To: Greysard

Response posted on the proper thread....

http://www.freerepublic.com/focus/f-chat/3112114/posts


16 posted on 01/27/2014 10:07:06 PM PST by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
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To: bigbob

That’s a great list.


17 posted on 01/27/2014 10:09:10 PM PST by xone
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To: bigbob

That’s a great list.


18 posted on 01/27/2014 10:10:03 PM PST by xone
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To: Kevmo
Well, where do you think the 2 possiblities lie? 50/50? 70%sucker/30%NextGoogle? 90%sucker/10%NextGoogle? Why?

I do not recall Google ever issuing press releases. They simply walked the walk, from day zero. They did invent new and important software technologies, but they never talked much about them. They simply let their service win the world on its own merit.

It is common for a startup to operate in silent mode until they have something to demo or to sell. There is nothing to be gained by shouting about their wonderful progress in development while the product is not ready. You only do that if you want investment, but most startups are not structured to take such investments, and the law may prevent that too (requires quialified investors.) This is because the risk is much higher, and SEC does not want to create conditions for yet another tulip mania.

It is often wise to steer clear of people who laud the advantages of their future product. Sometimes you may get lucky and invest into Microsoft; but in most cases you will invest in :CueCat and their likes.

I do not know if Cold Fusion is a real process or an artifact. This is for scientists to find out. However looking from the business point of view, efforts to productize the energy output are extremely disappointing so far. And that is after several demos that Rossi performed - which presumably prove that the energy production has positive balance. From the business POV, the only way to get energy out of this whole segment of industry is by burning their press releases :-)

19 posted on 01/27/2014 10:12:59 PM PST by Greysard
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To: tennmountainman
This company either got suckered or will be the next Google of energy. Time will tell.

Most likely this company is part of the scam. It only costs a couple of hundred dollars to form a company and put out a press release. Then there will be the usual crazy people repeating the story on the Internet.

20 posted on 01/27/2014 10:14:41 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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