If you guys like the internets more, the transcript is mirrored here:

On 29 October 2015 at 02:17, Esa Ruoho <esaru...@gmail.com> wrote:

> Hi, here's my transcript of the Orbo Steorn Webinar broadcast on the 28th
> October 2015.
> If you use any of it, please credit accordingly.
> the video is at http://orbo.com/
> --
> Pat: Welcome to the Orbo Webinar. We're here today to introduce you to the
> first Orbo product, the O-Cube. Orbo is a highly controversial technology
> ... (Shaun places the O-Cube on the table) ..and we're going to demonstrate
> the functionality of the O-Cube. Before we do that, however, we want to
> just give you a brief flavour of who we are and the journey that we've
> taken over the last fifteen years.
> ---
> Shaun: So, twelve and a half years ago, yeah? Tell me, how on earth, you
> got into this crazy company.
> Pat: The beginning's actually going back fourteen years ago, because, what
> happened was, in 2001, I was looking to evaluate a particular piece of
> technology, nothing to do with Steorn.. And, I didn't know how to evaluate
> it, and I made a number of calls, and I was put in contact with yourselves.
> So, I met Mike and yourself in 2001 and you looked at the proposition, the
> technology we're looking at, and you evaluated it and you said look,
> listen, this is not, you know, something to look at.. so, that was the way
> it was left. And, I went to meet you then in April 2004 and the purpose of
> that conversation was.. ahm..
> Shaun: "Where's me fucking money" (laughs)
> Pat: Well, it wasn't, it wasn't even at that, because I knew, like, the
> proposition for what is.. But the point you were putting to me, was you
> said, "Look, we're looking for a venture capital..".. you said to me, first
> of all, you said to me, "I'm looking for a VC company", and what I did
> was.. I.. The first thing I did probably before I even looked beyond them
> was, I got a friend of mine who's a, you know, he's an engineer and I got
> him to go in and spend some time with yourself and Mike and to evaluate
> what it was. And.. I can remember walking out of Fumberly Court as it was
> on a Friday afternoon and.. the two of yous were walking along side by
> side.. I said "What you think?" and he just said "Can I invest?". And it
> was, it was kind of like that, and I said "Are you serious?" and he said,
> "Pat, If this is right" he said, "This is gonna to be very very serious."
> ----
> Mike: So Shaun, looking a bit tired.. Understandable. Ten years defending
> your claims and yourself. Ahm, give us a little bit of background about
> Steorn, for a bit, new people tuning in today.
> Shaun: Steorn was a company that you and me founded, Mike. Back in 2000,
> and we started doing project management.. We were in the world of fruit, a
> lot of bananas. And then we started developing technology for others, as
> you know, that's when we developed forensic systems for companies like
> Microsoft and credit card companies, and we did expert witnessing, in,
> fraud..
> Mike: (interrupts) So you get on..
> Shaun: And then one day..
> Mike: (interrupts) And then one day you're sitting there at your desk,
> magnets spinning around, and you decide: "I need an ad in the Economist".
> Shaun: One day we made a discovery, whatever you gonna call it, a mistake,
> depending on where you sit, where we went, yeah, look..
> We can get more energy out of these bizarre magnetic fields than we're
> putting in, isn't that really cool? And wouldn't it be great to build
> something that uses this, put it in the market, and hopefully make a lot of
> money.
> ---
> Alex?: When I saw yous guys coming in, and meeting up after work, I
> realized that yous were doing a lot of brainstorming, and once I, you know,
> I didn't really know much about it, because I kept hearing the name Steorn,
> and I didn't really know how to pronounce it or anything like that, but I
> realized that yous were doing some interesting stuff, but it's been
> enjoyable seeing the progression over the years, and, you know, we're
> really, really really interested in what's going on, ahm, you know..
> Shaun: And you.. You see all the lads from Steorn, outside and about, in
> and out of there, these lads that just (heard) about every provocation and
> word and insult in the world, they're called conman, scam-artist, and so
> on, you've seen them at their most vulnerable. Honestly what do you think
> of them?
> Alex?:  I've never seen them worry, I've never seen them. I like them,
> genuinely like, I know yous all, right down to Max, I've played poker with
> so many of yous, we've shared so many late nights, and I remember telling
> my friends, you know, we're also in business, and I said, this guy doing
> mad stuff with magnets, like, you know, and yeah.. Yous are operating in,
> you know, this crazy environment, and, when we, you know, when we
> eventually -- when you actually turned around and said that we could have
> one of these boxes in the pub for a while, I mean, I was just cackahoop
> when I saw.. When I heard that, and I mean, you know, not.. Partly I was
> wondering what the hell it is, but the other part of it is just really
> really interested at being involved with something so revolutionary..
> --
> Shaun: Ok, Pat, so, you have hustled twenty odd million, and went to
> private investors around Ireland, and that started twelve years ago, yeah?
> In that twelve years the company has failed, and failed again, and failed
> again and failed again. And Pat Corbett has raised money again, raised
> money again and raised money again. What the fuck?
> Pat: (pause) Ahm, see that's that word, failure, you see. Look.. You
> know.. We haven't..
> Shaun: Failed. Failed with the jury, failed with the London demo, failed
> to ever show anything convincing to anybody, failed to put a product in the
> market. Twelve years of failure, Pat's driving around the country, taking
> money from people.
> Pat: Yeah, as it was, if you look at it like that, if you're looking at it
> from the outside in, Shaun, that's that's, that's what it is, it's failure,
> you know. People, you know, and.. And right now, you know (what) I mean,
> and over the years, there is that, there's a huge level of fear and
> nervousness among the shareholders.
> Shaun: How does Pat know, Corbett know that it'll work?
> Pat: (pause) Pat Corbett has always known that it works.
> Shaun: (interrupts) No no, how does Pat Corbett know that the Powercube
> will work?
> Pat: (pause) The only reason Pat can say based on..
> Shaun: (interrupts) a great pause, that's - fucking aye, that was the
> money shot.. go-on (laughs)
> Pat: The only way Pat.. Pat has had one of the, one of the original
> Powercubes that he had basically going around in his car for a month..
> Shaun: Okay.
> Pat: Now, that worked for a month, that shouldn't happen. That did work.
> Shaun: Okay.
> Pat: So, like, in other words, all I can do, Shaun, is, as, all I can do,
> is say, alright, give the benefit of my knowledge and experience. I'm not a
> scientist, I'm never, like, I'm not an engineer.
> Shaun: For twenty odd million, yeah, where's it gone?
> Pat:  The money has gone, in.. it's twelve years, so, like if you said, to
> run a business over twelve years, you know, that cost money, like we've
> spent a lot of money on equipment, we've spent a lot of money on papers,
> we've spent a lot of money on staff.
> --
> Shaun: Let's say it all falls flat on it's face. If technology works,
> doesn't work, the whole thing goes wallop. Yeah?
> Pat: Yeah.
> Shaun: K? Where's Pat Corbett - where's Pat Corbett when he looks at his
> fucking two kids and his wife, and he goes, "I just wasted twelve years of
> my life, destroyed my reputation".. Where's Pat then?
> Pat: Ahm. It's not something I've actually thought about..
> Shaun: (interrupts) I'm asking you though.
> Pat: Yeah. The most important thing in my life is how my wife looks at me
> and how my two kids look at me.
> Shaun: Yep.
> Pat: That's it.
> Shaun: And if this goes tits up?
> Pat: Ahm.. (prolonged pause) The reason I feel like this..
> Shaun: (interrupts) Leave it.. No, don't..
> Pat: (interrupts) No, no, this is relevant.. We're not leaving it. (pause)
> That emotion (pause) is to do with my wife and my kids.
> Shaun: Yep.
> Pat: It's nothing to do with this gone tits up. Ok? So. (inhales) Let me
> clarify that. Ok? Now. I can't tell you in a way that you will understand
> that I know this thing is not going to go belly up. I can't tell anybody,
> like, look, if somebody's looking at this, and they're saying, right. I'm
> just a person on the other end of the screen. And.. To sound like anything,
> you know, if you say somebody'll see this thing about you know, saying
> something,  When you look, you know, and like.. All they're saying about
> everybody is that, the Henry Ford, Henry Ford said, you know I want the v8,
> they said, can't be done. Steorn, you know, creating a battery to recharge
> itself, can't be done. Okay? So, that's what people's.. But actually, I
> know, and that's what it is, Shaun, I know. And the very thing about all of
> the years, and let's forget about Shaun McCarthy for a second, and forget
> Mike Daily for a second. In all the years that basically I've been with
> Steorn, every single scientist or technologist that came in, into us, the
> first thing, what do I do? I build a relationship with them. That's it. You
> remember, d'you know, what you call it, two boys came in, represented the
> company from the Middle East, let's say, they came in, and they said, "But
> this works!" Well, of course it does, what did you think we'd do? Bring
> yous across for the day off, d'you know what I mean? So the thing about it,
> Shaun, is.. There's a question here, does it work? Yes it does work, you
> know. I think the real question is: can we turn this into something?
> Shaun: Yeah.
> Pat: That's the real question. But.. From the point of view of..
> Shaun: (interrupts) D'you ever quit? D'you ever give up on this.
> Pat: No, I won't. Because..
> Shaun: (interrupts) Is there more fight left in you.. Twelve fucking years
> is a long time, any more fight left in Pat Corbett?
> Pat: Listen, my fight hasn't begun yet. I haven't started yet. Because
> this is not.. We've, we haven't had to fight (yet), we've only had to get
> over the first hurdle. This'll be the first hurdle. Look man, the fight
> hasn't started yet, when the fight does.. that's why.. As I'm saying to
> you, it hasn't begun yet.
> ---
> ?: I believe you had a t-shirt before, posted before, went something like
> CEO vs COE.
> Shaun: Mm-hmm.
> ?: Ahm, I think the score at the moment is 5-0 in favour of COE. D'you
> believe the CEO's going to win out this time?
> Shaun: I'm a Birminham fan. A 5-1 result is..
> ?: So you're used to losing.
> Shaun: 5-1 result is considered a win. No. I, the truth of it is, yeah, in
> the promoting something that blatantly looks like horse-shit, is that
> you're going to get kicked around a lot. But, here's the other side of that
> coin: You only have to win once. And, yeah, well we've had obvious public
> failures and we've had obvious public disinterest in some of the stuff that
> we've done. I only have to win once. I can lose a hundred times, and win
> once. When I win once, we win.
> ---
> Shaun: Ok, so what we're going to do now is discuss the actual product
> itself, this is what we call the O-Cube The O-Cube is a very simple device,
> it's a power-brick or a power-cube that has one single USB output. USB
> output is 2.1Amps, so it can charge tablets as well as smart-phones and
> other devices. In terms of the components inside, there's really only three
> things. There's a standard USB PCB interface electronics, there's a
> Lithium-Ion battery and then there's the Orbo powerpack.
> Shaun: And how it actually works is very very simple. When you plug a
> device into this, what you're doing is draining the energy in the
> Lithium-Ion battery. But the Orbo device, the Orbo device is constantly
> powering the battery, so there can be situations where you draw and
> completely drain the Lithium-Ion battery, but what will happen is that over
> time, that the Orbo device itself will recharge the battery.
> In terms of power output, you're looking at approximately two full
> smart-phone charges in the 24 hour period. (The O-Girl appears) Pat now
> will discuss the sales buys and terms of conditions, thank you O-Girl.
> Pat: The O-Cube goes on sale in December and is available only from
> Steorn. The cost price of this unit is 1200 euros, we're also offering a 12
> month warranty return to base.
> Shaun: Ok, so, the way that we're demonstrating function here is that
> we're giving out the O-Cube to a variety of different people, and they will
> be reporting back on their day-to-day use of it, at each of the subsequent
> webinars. Pat, maybe you can tell us a couple of the people who are getting
> it, and obviously there'll be more, and, as the process goes on.
> Pat: Ok, the first of these companies is a company we've been working with
> for the last couple of months, a company called Rabbithole Promotions. This
> company works in the area of guerrilla marketing, and, (they're) very edgy
> in their approach and it's, we think it's a perfect fit for us.
> Shaun: Yeah, we think (that) they're going to do some really interesting,
> and unusual things with the Powercube in terms of their own
> day-to-day market and stuff. But we'll let them report back in the next
> webinar.
> Pat: Second company is a clothing company, also a Dublin-based company
> called Brickbear. Ahm, same as, these guys are into some very different
> type of clothing, and, we think there's.. there's a very nice fix as
> regards what the Powercube can produce for them on a day-to-day basis.
> Shaun: And while we do have a business relationship obviously with
> Rabbithole and Brickbear, gone to (there) myself and Pat sizes, but..
> there's no actual formal relationship. One last thing that we should say is
> that while the O-Cube is the first commercially available product with
> Orbo, there's a lot of stuff that's happening behind the scenes with
> respect to commercial licensing and what we're going to do is play you a
> quick video of the first.. an interview with the founder of the first
> commercial licensee of Orbo, and we'll let him speak for himself about his
> business, and what they're doing with Orbo.
> ----
> Liquid Solutions
> Killian McGrath (Founder): Liquid Solutions manufactures and distributes
> E-Juice products for the E-Cigarette industry. We manufacture them here in
> Waterford in our own facility, we do all the testing independently from
> outside the facility, and we produce a very high-grade product within this
> facility. We've the class to produce about a hundred thousand bottles a
> day, or five hundred thousand bottles a week, that's basically our
> production capacity. Yeah, the functions have gone really crazy, like when
> we started out first, we would've started out with a 650 milliamp battery.
> You know, a user would use that, in a day, you know and they would charge
> it again and they'd use it all over again the next day. They'd be using a
> head that would burn about one point six mills of juice a day. Now, four
> years forward, they're using heads that have 3 and 4 coils inside (of)
> them, they would burn four or five times juice with less nicotine, so,
> that's.. the trend is going there with the big vaporus, is they want less
> nicotine, and more puff, ok, so we're now starting to manufacture three
> milligram juice, whereas before, the weakest we done was six. Ok, now,
> three is the highest in the dripping, because they're taking in so much
> liquid to produce so much vapour, ok, they're still getting the amount of
> nicotine that they need, but they're burning about four times more juice.
> Well, you have, I suppose everybody and their mother after you really, if
> you think about it, because you know, the three big gorillas inside, you've
> got the tobacco companies we're doing a lot of damage to them. The E-Cig is
> doing so much damage to them now they wanna come in and take it over. Then
> you have the pharmaceutical guys, OK, the guys that are sitting in the
> background, they're like the little snipers, you know, they're pushing off
> press-releases, they're pushing out this just to discredit the product,
> why? Because nobody is buying patches, nobody's buying chewing gum, nobody
> is buying champax(?), OK, they've lost a whole industry, this product is
> taking over their industry, OK?
> Then you have the government side of it, the government is losing a lot of
> money from it, on the short side, because on the short side, they're losing
> revenue from taxes immediately, but on the long side, they would see the
> benefits of that in five or ten years, because they'll have less serious, I
> suppose carcinogenic-associated health problems, moving forward with the
> population. They will have less respiratory problems, because cigarettes
> are a huge cause of respiratory problems, in especially overweight people,
> and, people that are getting older in age. So the whole idea is that the
> British medical organization came out only a month ago and they said that
> if everybody in the UK gave up cigarettes and went on to electronic
> cigarettes, they would save 80,000 lives a year.
> --
> Liquid Solutions & Orbo
> Killian: In 2005 I would've went to a meeting in Steorn's offices in the
> Innovation Park in the Watlands(?) I would've sat down and listened to what
> the guys had found or were working on, and I would be that type of person,
> I would be very interested in stuff like that. New, something that's new,
> something that's cheeky and something that nobody else is doing.
> So yeah, I fell in love with the product, with the technology, and, yeah,
> that was 2005. 2006 you were making waves and you were moving along, then
> we all know what happened in 2007 and 2008, we had the big crash.
> Shaun: Fucking great, wasn't it!
> Killian: Yeah that was brilliant. We all had fun there! And I suppose when
> I started this project, Shaun, when I started three and a half years ago
> with Wicked E-Juice and making the juices, and then I kind of got a
> brain-wave one day and I said "Hmm, maybe we can get a battery from Steorn
> that we don't need to charge". And that's what started this whole project.
> But they're looking at today, they've gone up to 3,5 thousand milliamp
> unit, with a .2 warm head(?), up to 50 watt, now 100 watt, I was in England
> yesterday and I saw my first 300 watt battery (laughs), so, it's gone
> totally to the other side, it's gone to the total other extreme, whether
> that's going to stay going that way, or it's a fad and it'll eventually
> come back down to fairly standard products where you're using a 20 watt
> product or a 10 watt product which is roughly around 9 volts, 8 volts..
> Killian: Ahh.. No frustration. Little bit behind the times,  but you know,
> it's not a lollypop we're making here. You know what I mean? We're breaking
> new ground here. This has never ever been done before. You know, this is
> bigger than big, you know, this is bigger than the biggest thing that's
> going on in the world today, only for people don't know about us, and
> that's our job, our job is to get the products out there so people do know
> about us.
> We're Henry Ford with the Model T. That's where we are today. In ten years
> time, we may be Ferrari, you know, doing three hundred miles an hour,
> instead of ten miles an hour. That's all engineering challenges. To come
> over the next ten years, but that's where this product is going to go. This
> is only the beginning, we're only at the beginning, we're only scratching
> the surface where we are with this technology today. Where will we be in
> ten or thirty years of time..
> God only knows.
> ---
> Shaun: So, I wanna pretty much thank everybody for taking the time to
> watch this video, ahm, I know there's probably a lot in it, an awful lot of
> questions that people about the technology, does it work, how it works, and
> so on, let me be clear. We're not getting into any technical details at
> this stage.  But what we'll be doing is hearing from the guys who are using
> it. The next webinar we'll announce the date of it, early next week, we'll
> also in the next webinar be showing you some of the other products that are
> in the pipeline, we're showing some of the R&D stuff with respect to where
> does the Orbo battery go after the Powercube, and it will be obviously in
> mobile consumer electronics, so, all I'm saying, again, thanks very much
> from meself and Pat, we look forward to seeing you next time.
> --
> Transcript by Esa Ruoho / http://lackluster.bandcamp.com/ /
> esaru...@icloud.com
> --
> ---
> http://twitter.com/esaruoho
> http://lackluster.bandcamp.com



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