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Earth 2012 Water Car project closure
Project to develop engine that runs on water has not been able to raise
funds. The technical team is trying to obtain funding via other routes without
involvement of Earth 2012.
Update
The following notice was posted on the Earth2012.com
website Jan. 6, 2006
- - - -
January 2006 - Water Car project
closure
Since July 2004 Earth 2012 has been trying to raise
funds for the development of an engine that uses water as fuel. It is with deep
regret that I have to announce that we have not succeeded, and that we have
decided to discontinue our efforts. Effectively this means the closure of the
Water Car Project for Earth 2012.
So what happened?
The original idea was to fund this project via donations. We knew from the start
that if this was to succeed we would need to partner up with a well established
organisation, as Earth 2012 does not have the audience that is needed. We have
talked to several organisations, but we learned that this project was too risky
for them to take on.
On our own we did not generate enough donations to even cover basic expenses (we
have only received 40 donations), so we decided to change our approach and seek
investment. We have talked to several interested parties, but only one option
met our criteria. We nearly achieved financing in April last year, but then this
organisation had to withdraw unexpectedly for internal reasons. Since then no
suitable alternative has been found.
So has all been lost?
No. We have made some progress on the technical front in the last 1.5 year, and
we have all learned a lot. The technical team is trying to obtain funding via
other routes without involvement of Earth 2012. We hope that they will succeed
and that the world will see this technology some day.
We would like to thank everybody who has supported us from the bottom of our
hearts.
On behalf of the whole team,
Stef Kling
Previous Coverage
See also
Contact:
Stef Kling, Director, Earth 2012
Telephone: +44-(0)1438-718036
Email: stef.kling@earth2012.org
Website: www.earth2012.org
Page posted by Sterling
D. Allan Jan. 11, 2006
Last updated January 11, 2006
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