http://www.bizjournals.com/triangle/news/2014/01/24/onfirmed-raleighs-cherokee-buys-into.html
On Fri, Jan 24, 2014 at 3:39 PM, Kevin O'Malley <[email protected]> wrote: > Looks like Frank Acland was right on target with the Cherokee information > from a couple of weeks ago. Excellent work digging through the clutter. > > > On Fri, Jan 24, 2014 at 12:25 PM, <[email protected]> wrote: > >> 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 [email protected]. >> >> CONTACT: JT Vaughn, [email protected], 919-649-5299 >> >> SOURCE Industrial Heat, LLC >> >> >> http://www.e-catworld.com/2014/01/press-release-industrial-heat-has-acquired-andrea-rossis-e-cat-technology/ >> >> >> >> >
