I think the name is a dead give-away...
The savvy biz-types working with Rossi only licensed the E-Cat/Hot-Cat
for **industrial** use, and what better name for the licensee but,
INDUSTRIAL HEAT!
-mark iverson
On Tue, Jan 7, 2014 at 8:52 AM, H Veeder wrote:
http://www.bizjournals.com/triangle/blog/2014/01/is-raleighs-cherokee-trying-to-cut-an.html
<http://www.bizjournals.com/triangle/blog/2014/01/is-raleighs-cherokee-trying-to-cut-an.html>
Jan 7, 2014, 8:50am EST
Is Raleigh's Cherokee trying to cut an energy deal in China?
Amanda Jones Hoyle
Staff Writer - Triangle Business Journal
Executives at Cherokee Investment Partners in Raleigh have so far been
quiet about what they are doing with a new entity that raised $11.6
million last fall called Industrial Heat LLC.
But there’s at least one theory circulating among the energy production
market that Industrial Heat is one of the backers behind a new energy
catalyzer device being developed by inventor Andrea Rossi.
Rossi, in turn, has has been pitching the thermal heat energy technology
to Chinese officials with help from Cherokee, according to the blog site
E-Cat World.
Cherokee CEO Tom Darden says that due to “strict confidentiality
requirements,” he can’t address any of the specific technologies that
Industrial Heat is supporting.
“But the company has investigated or supported several,” he says. “I am
sure it will be a while before there are any results.”
Darden says none of the entities referenced in the E-Cat World blogs
have invested in Industrial Heat. “Nor does Industrial Heat have any
Chinese investors,” he says.
When Industrial Heat reported to the U.S Securities and Exchange
Commission in August that it had raised $11.6 million of a proposed $20
million round of financing, it noted that 14 investors had provided
funding so far. Darden and Cherokee senior analyst J.T. Vaughnwere
listed as managers of the fund.
Vaughn also spearheads the Cherokee-McDonough Challenge that through
Cherokee and its advisory group helps support and fund startup
environmental companies.
Darden says that on a recent trip to China, Industrial Heat was one of
the topics he discussed with Chinese officials, “but my main focus was
to encourage them to bring new environmental technologies to China from
some of the Challenge companies.”
http://www.bizjournals.com/triangle/blog/2014/01/is-raleighs-cherokee-trying-to-cut-an.html
<http://www.bizjournals.com/triangle/blog/2014/01/is-raleighs-cherokee-trying-to-cut-an.html>
<http://www.bizjournals.com/triangle/blog/2014/01/is-raleighs-cherokee-trying-to-cut-an.html>
