Anyway the practice of Preston to get high salaries for startups are a bit shocking when I compare with the behavior of startupper I know who don't pay themselves until the cash get in, and survive with a second job.
Preston seems to have a huge network. not really the garage startupper who borrow "love money" to mum.
... clear is that Rossi is in the hands of at least one big investment company, it could be Cherokee Investment Partners LLC (Industrial Heat, LLC), or Brean Capital, LLC (TEM Capital, Continuum Energy Technologies CET LLC) or one of their partners.
Cherokee has made the deal with Rossi public http://www.bizjournals.com/tri…s-cherokee-buys-into.html so it is most likely that they are in charge, but which role John T. Preston, CET, NASA are playing in this game is still unclear. Hopefully it is not just all about getting "stupid money" from Germany.
We found out that Continuum Energy Technologies, LLC is testing a LERN device for Nasa and most likely it is Rossi's Ecat, because the company and the investment firm behind was mentioned in the book 'An Impossible Invention' by Mats Lewan http://animpossibleinvention.com/
Quote
"A possible solution emerged via a proposal from an external funder—a group consisting mainly of a fund manager, TEM Capital, and the company Continuum Energy Technologies, CET."
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So who is behind Continuum Energy Technologies, LLC - Cenergytech.com
John T. Preston is co-founder of TEM Capital and co-founder of Continuum Energy Technologies, LLC (CET). Mr. Preston’s primary expertise is in energy, environment, technology and entrepreneurship.
Clean Harbors is North America’s leading provider of environmental, energy and industrial services. The Company serves a diverse customer base, including a majority of the Fortune 500, across the chemical, energy, manufacturing and additional markets, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates throughout the United States, Canada, Mexico and Puerto Rico.
The Waltham-based company, cofounded by a Harvard whiz kid and an MIT scientist, was among the emerging sector’s brightest stars. In April 1995, just before Earth Day, Vice President Al Gore visited a Molten Metal plant in Fall River, where he unveiled the Clinton administration’s environmental strategy and hailed the firm as a “success story, a shining example of American ingenuity, hard work, and business know-how.”
...may be it is just all about 'investment banking', on the other hand it locks like that not only NASA is interested in testing an LERN device but also these multi billion dollar investors.
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It's really interesting. When you combine all of the information above, then this here is in principle the revelation that NASA (on behalf of the United States) is testing Rossi E-Cat. Although this does not happen directly at NASA, but at Continuum Energy, but the type of the agreement states that "Reimbursable Space Act agreement INVOLVE the use of NASA's facilities, personnel, or equipment." http://goo.gl/MGjC40 ... that means that NASA is fully involved.
But since Thursday nearly no reactions from the media and other LENR observers, normally they react when Rossi scratching itself or if someone coughs at NASA. Maybe the headline should read differently:
+++ NASA is testing Rossi's Ecat +++
...or maybe everyone expected these tests and therefor it is no news
The NASA EXECUTION DATE: 2/8/2012 for the LENR Device and 2/14/2012, Energy Conversion Devices, Inc. and its subsidiaries, United Solar Ovonic LLC and Solar Integrated Technologies, Inc. filed for bankruptcy in the U.S.
In February 2012, ECD sold its majority owned subsidiary, Ovonic Battery Company to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments.[12]
... after my little research above I believe 'ECD' is just the general shortcut for 'Energy Conversion Devices' without any connection to a company.
The interest of NASA is important of course, but more important is the NASA connection to a company like Continuum Energy Technologies; the executive leaders are real energy specialist and perfectly connected...
...and also all the other members of the executive board are real professionals and insiders of the energy market, they would never invest in nonsense, they believe in LENR and maybe (just speculation) the reorganization and renaming of the company has to do with LENR, "Continuum Energy" sounds good, if you have to establish a new disruptive energy technology in this market.
Found at nasa.gov, Continuum Energy Technologies is testing an "LENR ECD Thermal Generator" (not specified any further).
UPDATE: The company involved is most likely not Continuum Energy, formerly Seminole Energy Services, LLC but Continuum Energy Technologies LLC www.cenergytech.com
interesting case .... Here, an heiress says, her millions dwindled By Shirley Leung One Harvard Nobel laureate who is advising the company told von der Goltz that a breakthrough would be “on the level of Einstein’s theory of relativity.”
One experiment illustrated that the company could produce a better copper and holds the promise of other applications that could lead to faster, more powerful computers, for example.
An Impossible Invention gives more details, on NASA comitment but also on a tiny interest by Boeing staff: http://animpossibleinvention.com/
"A possible solution emerged via a proposal from an external funder—a group consisting mainly of a fund manager, TEM Capital, and the company Continuum Energy Technologies, CET. Rossi claimed that there were contacts also with the aerospace giant Boeing that had already shown interest in his technology. ... ... "
(more in the book, I shortened the quote)really the book is interesting to connect the dots...
Now question from EU, what is doing EADS, Boeing best foe ? we should ask them..
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(As a short cautious conclusion of my little research it is more and more obvious, that virtually all what Rossi had said in the past, without naming the players, because of the existing non-disclosure agreement, proofs to be right and hopefully it is not just all about the millions of the heiress, but proofs to be real)
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)
He talks about the fact that he already had the licence for the distribution of the E-cat in Germany and that he could examine the E-cat two times on site at Rossi.
He had already found an old power station where the E-Cat could be installed for demonstrations for several German customers and only one visit by Rossi for fixing the contacts was missing, where flight, hotel and shuttle were already booked.
Rossi, however, at that time had sold all of the E-Cat patents to the U.S. and was no longer master of the business decisions and had to ask by phone for every single item of the contracts. Finally from the United States came a no-go for Rossi and so the business consultations with the German licence holder stopped and by mutual agreement all the existing contacts were undone and he received a compensation from Rossi.
The German licence holder regrets this development and says to the question of the interviewer why it's come to this, that: 'He can only imagine that higher national interests in the U.S. are behind all that' but he did not want to specify this statement and he hopes that cold fusion will enter the market soon.
Ja nichts Neues, ich denke bevor nicht zumindest endlich eine valide, falsifizierbare wissenschaftliche Prüfung zur Funktion des E-Cats vorliegt, oder noch besser Rossi, die NASA, Defkalion, National Intruments, Mitsubishi etc.pp oder irgendwelche unbekannten Unternehmen aus Fernost einen funktionierenden LENR Reaktor präsentieren der anwendbar ist, solange bleibt alles in diesem Nebel und dem Schwebezustand zwischen Scharlatanerie und disruptiver Energierevolution. Ich persönlich verfolge dieses Thema ja schon viele Jahre und warte derzeit einfach auf Ergebnisse, denn spekuliert wurde jetzt genug!
with total speackers (numbers in Million) English (1500 M), Spanish (500 M), French (220 M), Russian (272 M), Portuguese (217.5 M) and German (111.8 M), this forum would cover 2.821.000.000 people.
I dont think it would make sense to add languages like Mandarin, Hindustani, Arabic or Japanese (round about 3000M people) but Swedish and Italian would make sense, because of their special relation to LENR and if there are a moderators for both languages.
They attack the hard problems. Brayton cycle, ramjet.... quite challenging.
It seems that they believe in LENR technology and they dont want to start small and therefor think big right from the beginning. I think it is because they dont have to produce for consumer markets and see LENR as a technology which is not just able to dramatically change the world, but in addition is able so solve all the major air- and spacecraft problems.