From ecatworld.com ---
PRESS RELEASE: Industrial Heat Has Acquired Andrea Rossi’s E-Cat Technology
This just out!
Industrial Heat Has Acquired Andrea Rossi’s E-Cat Technology
RESEARCH TRIANGLE, N.C., Jan. 24, 2014 /PRNewswire-USNewswire/ —
Industrial Heat, LLC announced today that it has acquired the rights to
Andrea Rossi’s Italian low energy nuclear reaction (LENR) technology, the
Energy Catalyzer (E-Cat). A primary goal of the company is to make the
technology widely available, because of its potential impact on air
pollution and carbon dioxide emissions from burning fossil fuels and
biomass.
“The world needs a new, clean and efficient energy source. Such a
technology would raise the standard of living in developing countries and
reduce the environmental impact of producing energy,” said JT Vaughn
speaking on behalf of Industrial Heat (IH).
Mr. Vaughn confirmed 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.
The published report by the European committee concluded, “Even by the
most conservative assumptions as to the errors in the measurements, the
result is still one order of magnitude greater than conventional energy
sources” [referring to energy output per unit of mass]. The report is
available online at
http://arxiv.org/abs/1305.3913. In addition,
performance validation tests were conducted in the presence of IH
personnel and certified by an independent expert.
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.
Tom Darden, who co-founded Cherokee Investment Partners, a series of
private equity funds specializing in cleaning up pollution, is a founding
investor in Industrial Heat. He is one of a small group of like-minded
investors who are supporting this technology because it could
significantly address a number of social and environmental challenges.
They have committed to make it broadly available because of its potential
for impact. IH is considering partnerships with industry participants,
universities and NGO’s to ensure the technology is developed in a
thoughtful and responsible manner.
JT Vaughn manages Industrial Heat. He is the founder of Cherokee McDonough
Challenge, an accelerator for environmental startups, and a leader in the
startup community in the Research Triangle.
Companies or organizations interested in partnering with Industrial Heat
should reach out to JT Vaughn at
info@industrialheat.co.
CONTACT: JT Vaughn,
jvaughn@industrialheat.co, 919-649-5299
SOURCE Industrial Heat, LLC
http://www.e-catworld.com/2014/01/press ... echnology/
A couple of links for Industrial Heat and Cherokee Investment Partners.
http://investing.businessweek.com/resea ... pId=127890
http://investing.businessweek.com/resea ... =245130378
http://www.cherokeefund.com/index.htm