If you guys like the internets more, the transcript is mirrored here: http://freeenergy.news/steorn/steorn-o-cube-webinar-full-transcript/
On 29 October 2015 at 02:17, Esa Ruoho <[email protected]> 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/ / > [email protected] > > -- > > --- > http://twitter.com/esaruoho > http://lackluster.bandcamp.com > -- --- http://twitter.com/esaruoho http://lackluster.bandcamp.com
