Posted on 01/31/2014 5:44:59 PM PST by Kevmo
Start-up purchases controversial cold fusion nuclear reactor E-cat - Let's see if it works
01/26/2014
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 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.
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.”
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 asthose at Brillouin.
I also hope that Industrial Heat’s brave stand will inspire other investors to put their money behind low energy nuclear reaction. We need massive investment in this technology now.
if you’re familiar with his record that means there’s no possibility this company will get to see what the ECat will do.
***So these guys are putting down $11M just because Rossi has such a sparkling personality... yeah right. Any normal person would look extra hard at the tech demo to find evidence of trickery. But no, not these guys, because they’re so deluded just like the 7 independent scientists and the others who have looked at Rossi’s tech and said favorable things. That would make Rossi the greatest con artist and magician in history. He’s worth following just on that account alone.
Good enough to squeeze a few more years of promises out of it.
***Maybe Rossi could take some lessons on how to conduct a Con from the Controlled-Hot-Fusion (CHF) boys. Their corner-turn is in 50 years, and always has been. They’ve pissed hundreds of $billions of TAXPAYER money down this scam. And absolutely nothing to show for it. Where’s your hot-fusion car?
But in contrast, Rossi’s supposed fraud amounts to about $20M, he’s forced to work on a corner-turn of 2 years, and he has had to turn over enough IP that his partners were able to generate excess heat by simply following his instructions in building the device. Yup — Rossi is a crappy con artist compared to those CHF fraudsters.
When the ECat is running and Rossi is not in the room or anywhere nearby I’ll believe he has something. I’ve said that before as so many answering your posts have also. The fact that Rossi is attached to this company in any shape form or fashion raises a huge red flag.
When the ECat is running and Rossi is not in the room or anywhere nearby I’ll believe he has something.
***That happened with the 7 independent scientists. For most of the testing, Rossi was not even in the room. For a while, he wasn’t even on the same CONTINENT. Now, that’s a fantastic magician.
The fact that Rossi is attached to this company in any shape form or fashion raises a huge red flag.
***Then take a look at your red flag. Rossi OBVIOUSLY has character issues. So he comes and gives you a demo in order for you to front $11M to go into production. Would that make you MORE intent on discovering trickery, or LESS? These guys obviously have the ability to think critically, they saw the demo, they KNEW Rossi has a questionable background, and the result is... they reached for their checkbook. Rossi has overcome the character barrier. That is how compelling his technology is, unless he’s a super-duper magician, the best that has ever been.
Companies do incredibly foolish things with their money all the time. In fact, I work for a company that’s in chapter 11 for the second time in a year because of foolish purchases that swamped their core business. Waving that 11 million dollar flag does not impress me.
Only gonna post once, Kevin O’Malley can flame to the end of time against, don’t care.
Kevmo doesn’t understand the difference between watts and Joules, even though he has a verifiable, if questionable, degree in electric engineering.
Kevmo does not have a degree in hard physics, but speaks the LENR mumbo jumbo in every post. I have admitted my lack of hard physics training, but I am not the only one.
Blacklight’s big feb 28th never made the news. Checked their website, and its the same junk as their original post reposted by Kevmo. Only mentions watts, never a joule. Which is absolutely useless.
Take care all, watch your wallets.
So, you theory is that Rossi is generating heat with something concealed up his sleeve?
Yep, and I hear the same when I ask the Bigfoot hunters why the haven't caught one yet.
Ditto for Nessie...
It either works or it don't. If it sorta works well its just a curious little tech that can't be used.
Electric generators work when you flip a switch. Its why they are viable. And even if they don't work sometimes 99.99999% of the time a technician can explain why and remedy the situation.
If they can't with this gizmo then its just a curiosity and they need to quit promising what they can't deliver 100%
So they need to get it back in the shop/lab and STFU and work till its right OR until they give up.
If they want to shut they naysayers up there is 100% surefire way to do so. Put a unit out in public and produce energy not for a few minutes but for weeks and months and if need be years.
Until you get to that stage its vapor ware and perpetual motion...
No, nothing like that. It was purchased just to keep it off the market.
The plans are on the shelf right next to those 100 mile per gallon carburetor plans.
Heh heh heh..., well..., we’ll see. Stranger things have happened.
>>If this is it WTF are they waiting for? <<
Have you ever asked yourself, “Who absolutely does not want to see LENR on the market tomorrow?”
The opposition team carries a big stick and they are not someone you want to get upset at you. LENR will come out when EXXON, STANDARD OIL and the other MAJOR ENERGY PLAYERS give their permission for it to come out.
This will require their approval of your business and marketing plan.
Well it be as obvious as I have stated? No, it won’t but when your Wall Street banker approves your loan applications then you’ll know the other major energy players along with their bankers will have adjusted their plans and approved your plans.
This might just include an offer to buy out Industrial Heat LLC, Rossi and his team beforehand. This has the possibilities of upsetting major economic markets across the world and that is not going to happen until the banks are ready for it.
I got no problem with that.
BUT I keep hearing claims. Spouting off about something you can't or won't prove creates doubt and negative publicity.
What is the purpose of such? Ego?
If they can't reveal a working model of LENR or whatever is called then they should create the LENR club...
And guess what the first rule of LENR club is? [/Fight Club reference]
It's standard practice in acquisitions. Furthermore, often an acquisition hinges on the key personnel of the company moving into new positions under the purchaser's umbrella and working there for two years in exchange for money (see "golden handcuffs.") Nobody is going to buy blueprints of something, then have a trivial question about some mark or note, and having nobody to ask. Those years are required to fully transfer the knowledge about the IP to the new owner.
All this is entirely generic, and Rossi is not doing anything extraordinary by accepting a position with the purchaser. You could expect nothing less.
Apparently, although the LENR effect is real, issues with control of the reaction and with the intensity of the heat produced have impaired the development of a practical device that has commercial potential. Once such a device is created and proved up via prototypes, patent protection must then be assured and a manufacturing line developed.
Business issues must also be resolved: financing, marketing, pricing, promotion, and so on. A lack of disclosure is normal at this stage because Rossi and his device have competitors and investor protection laws can severely penalize ill-chosen disclosures.
Plausibly, what Cherokee Partners may even fear that LENR devices could end up being like solar energy and biofuels: technologically proven, but limited in application and so expensive that they provide but slight competition for fossil fuels. If that is the case, then Cherokee Partners is likely to lose their investment even though LENR and Rossi devices actually work in a technical sense.
The quest for LENR has a lot of parallels to the development of the transconductance varistor. First conceived in the mid 1920’s, suitable materials were not available for research until the mid 1940’s.
Pure and uniform crystalline synthesis for diode rectifiers enabled research into solid form amplifiers. The laboratory curiosities were fragile and misunderstood, prone to erratic behavior. Theories evolved, practical embodiments conceived, and considerable engineering around impediments achieved within a decade.
If the analogy is sufficiently accurate, then commercial practicality will occur within 5 years, and market driven development will take precedence. Though 60 years have elapsed since market viability for transistors, a much steeper application curve for LENR may be within reach, considering broad knowledge advances achieved within that time frame.
http://en.wikipedia.org/wiki/History_of_the_transistor
Of course it doesn’t impress you. You won’t be impressed until a LENR space shuttle crashlands on your lawn, and then you’ll just sue NASA because you never liked LENR in the first place.
If you’re honest, you’ll address this question: Does the fact that Rossi has some funding from verifiable, credible and ordinarily rational source mean that this forwards his claim?
Only gonna post once, Kevin O’Malley can flame to the end of time against, don’t care.
***If that were true then the multiple LENR threads that were pulled would have been allowed to stand. You only complain when I put up with dozens of Adam Henry comments and the mods leave the thread up.
Kevmo doesn’t understand the difference between watts and Joules,
***Horse manure. I asked on that thread where this was demonstrated. Crickets from all of you.
even though he has a verifiable, if questionable, degree in electric engineering.
***Like you said, verifiable.
Kevmo does not have a degree in hard physics,
***If that were the requirement to discuss science or LENR, there would only be 3 FReepers on these threads and 2 of them I would doubt their credentials. People with advanced physics degrees can’t even seem to get past freshman level critical thinking logical fallacies. Sheesh.
but speaks the LENR mumbo jumbo in every post. I have admitted my lack of hard physics training, but I am not the only one.
***I’ve admitted mine. I got an A in Nuclear physics but never used it. Most of the freepers (and certainly the vast majority of skeptopaths) do not even have that much training.
Blacklight’s big feb 28th never made the news.
***And we’ve been discussing that on the blacklight thread. Your posting behavior is as addlepated as your position on LENR.
Checked their website, and its the same junk as their original post reposted by Kevmo.
***Which we have been posting on the... you guessed it... Blacklight thread. Sheesh.
Only mentions watts, never a joule. Which is absolutely useless.
***And no doubt you will be able to explain that, since you went out of your way to suggest that I don’t know the difference but can’t show where that took place. Have you? No. Will you? Nope.
Take care all, watch your wallets.
***Oh, your thoughtful concern for fraud is duly noted. Concern troll is concerned. Isn’t that wonderful? Of course, the concern troll is silent when it comes to the hundreds of $billions pissed down the fraud rathole of Controlled-Hot-Fusion (CHF) and that was PUBLIC money rather than private money. So is the concern troll truly concerned about fraud? No. The concern troll has taken an AdamHenryBandWagon assessment and jumped on to the appropriate bandwagon. It ain’t concern that drives you or we’d see you on those CHF threads, loudly screaming about the fraud.
Yep, and I hear the same when I ask the Bigfoot hunters why the haven’t caught one yet. Ditto for Nessie...
***Has Nessie or Bigfoot findings been replicated 14000 times like LENR? No. Are there multi$billion measurement companies saying that there is a verifiable Anomaly here? No.
It either works or it don’t.
***Wow, what a brilliant logical position you have stated. It just blows my hair back. /s, just for you.
If it sorta works well its just a curious little tech that can’t be used.
***Bowlsheet, bull$#!+, bullshiite. If it is a curious little tech that shows 10,000 times the energy density of gasoline then it CAN be used. You just don’t understand what it takes to get there from here.
Electric generators work when you flip a switch.
***Invalid comparison. How well did electric generators work when they were first being experimented on? Not well at all. How well did jet engines work in their first wartime encounters? More pilots were killed by malfunctions than enemy planes were shot down.
Its why they are viable. And even if they don’t work sometimes 99.99999% of the time a technician can explain why and remedy the situation.
***Geez, look at how incredibly ignorant such a statement is. Technicians 100 years later can do so, but when that technology was in its infancy like LENR is, very very very few technicians could do so. That you don’t know this is very telling.
If they can’t with this gizmo then its just a curiosity
***Almost every technology, including your precious generators, started out as a curiosity.
and they need to quit promising what they can’t deliver 100%
***Then we need to stop funding controlled-hot-fusion CHF technology RIGHT NOW. They’ve pissed hundreds of $billions down that fraud rathole, and they aren’t even at .0001%. The latest round of LENR experiments yielded about 50%.
So they need to get it back in the shop/lab and STFU and work till its right OR until they give up.
***I agree, not only should CHF guys STFU but they should start giving money to the cold fusion guys who have generated far better results with far fewer resources.
If they want to shut they naysayers up there is 100% surefire way to do so. Put a unit out in public and produce energy not for a few minutes but for weeks and months and if need be years.
***And exactly how does a lone inventor get to such a stage? Well, he sells part of his company to an investor (Let’s just use a name like Cherokee Investments, sound good to you) and then they go into production and sell units & give royalties to the inventor. Gosh, thanks for giving us that wonderful insight that you have on this process. It’s almost like you’re an oracle or something.
Until you get to that stage its vapor ware and perpetual motion...
***Like the Wright brothers. Until they had public demos it was vaporware. Yeah, right.
BUT I keep hearing claims. Spouting off about something you can’t or won’t prove creates doubt and negative publicity.
***I’ve been involved with several projects that had to announce before they were ready. And those were relatively straightforward, mature technology.
What is the purpose of such? Ego?
***In Rossi’s case for 2 years it was loyalty to a friend, Focardi. They knew that Ecat wasn’t ready but Focardi had cancer and wanted his recognition before he was gone. So Rossi relented and produced the crappiest set of demos since , well, since the Wright brothers could get their machine to start in their attempted press conference in 1904.
If they can’t reveal a working model of LENR or whatever is called then they should create the LENR club...
***Why should he? He’s upgrading his design and showing it to investors and getting ready for production. That’s what you’d do, isn’t it? Would you have some reason to reveal your secret sauce to the world and forgo $billions in profit?
And guess what the first rule of LENR club is? [/Fight Club reference]
***Stupid reference. Might as well quote one of the Ferengi rules of acquisition. It would be just as profound and... you guessed it... just as fictional. The fact that you use fiction to prop up your argument is quite telling about how useful your argument is.
I knew this was a free download.
Best book to get started on this subject:
EXCESS HEAT
Why Cold Fusion Research Prevailed
Free Download:
http://iccf9.global.tsinghua.edu.cn/lenr%20home%20page/acrobat/BeaudetteCexcessheat.pdf
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