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Magnetic Power Inc. seeks bridge funding for revolutionary energy solutions

Energy technology said to harness 'virtual photon flux', a clean, inexhaustible supply that could resolve the world's energy needs.  First public demonstration devices expected for sale later this year.

Modified by Sterling D. Allan from a press release.
Pure Energy Systems News

Automated Test Bench for developing Magnetic Energy Modules™ close-up

SEBASTOPOL, CALIFORNIA, USA -- With technology they are confident will very shortly revolutionize the way energy is generated worldwide and help to mitigate the looming catastrophic consequences of human-assisted global warming, Magnetic Power Inc. (MPI) is seeking some short-term funds to bridge the gap until some pending major funding materializes.  Large funds could arrive by the end of this month.

Some of the clean, inexhaustible energy systems under development by MPI could possibly substitute for car engines. Others potentially range from a few Watts to a megawatt or more.

MPI is ranked among the top ten in the Top 100 Energy Technologies listing by the New Energy Congress.

MPI's non-profit, 501(c)3 tax-exempt affiliate, Aesop Institute has applied for three multi-million-dollar grants, which are presently pending. A primary goal of the Institute, founded in 1973, has been to find alternatives to fossil and uranium fuels.

Individuals who are interested in assisting MPI have three different options to consider.  Direct investment requires certain "investor qualifications".  Tax-deductible contributions can be made to the Aesop Institute.  Or, one-year loans to Aesop Institute will earn 10% interest.


MPI’s Mission 

MPI’s mission is to develop and license technology that will produce clean, abundant, and inexpensive electricity. The company is developing technology it calls Magnetic Power Modules™. Based upon breakthrough discoveries in MPI’s labs, Magnetic Power Modules are being designed that operate continuously, without fuel, extracting electricity by converting abundant, renewable, Virtual Photon Flux (VPF), an energy source that exists everywhere in the universe.

The process will create no pollution. The cost of generating electricity by this means is estimated to be less than any competing form of power generation. Magnetic Power Modules will be scaled to a wide range of applications from the relatively small power needs of consumer devices up through the massive needs of power generation plants. A plug-in hybrid car may be modified, to become a prototype powered by VPF for local driving, during 2007.  

During 2007, MPI plans to modify a plug-in hybrid car to be powered by VPF for local driving.

Prototypes are currently being built that the Company expects will soon receive external validation.

The first in a substantial series of planned patent applications was filed in January, 2005.


Market and Marketing 

The commercial potential of Magnetic Power Modules is huge, with applications throughout the roughly $2 trillion worldwide market for energy. According to Company forecasts, revenues will be growing rapidly before the close of this year.

After establishing the commercial viability of Magnetic Power Modules in proprietary labs operated by the Company, MPI will implement a global partnering, patenting and licensing strategy – analogous to Genentech in the biotech industry – to catalyze worldwide adoption of the technology.   
  
MPI has begun discussing licenses with companies interested in manufacturing, and/or utilizing, products it has under development. A number of new patent applications are planned in the next 36 months.

MPI has a team of engineers developing pre-commercial generators leading to the development of Demonstration Devices and toys to illustrate the feasibility of practical designs. These are expected to enter the market later this year.

One-kilowatt Modules aimed at the homes and portable generators markets could be ready for production during 2007. Modules can be combined for greater power output, in a manner analogous to solar cells. Compact automotive power systems, as well as megawatt modules, and small-battery replacements capable of powering laptop computers, will follow.

MPI plans to license this breakthrough new energy technology widely.


Virtual Photon Flux

The company believes that what they refer to as Virtual Photon Flux (VPF) energy conversion holds the promise of cost competitive electric power and automotive propulsion. VPF extraction processes consume no fuel in the traditional sense and produce no pollution.

Scientists have long been aware the earth is immersed in an extremely dense sea of energy that permeates every nook and cranny of the universe. For many years, only visionaries realized that throughout space there is energy. Now, a growing number of scientists and engineers consider it possible to tap energy from space for practical use.  

MPI engineers have determined that their experiments lead directly to practical, cost-effective technology enabling their generators to tap a limitless source of energy. MPI’s proprietary technology extracts VPF from the interaction of magnetic fields.

This basic concept has fascinated inventors, engineers and scientists for many years. Supported by Hitler’s Navy, German inventor Hans Coler reportedly built a working 6 Kilowatt, solid-state, magnetic "space energy receiver”. At the time, there was no comprehension as to the source of the energy. His laboratory was destroyed by an Allied bomb during WWII.  

A scientist at one of the U.S. National Laboratories has unofficially begun reconstruction of the Coler generator. MPI has provided an analysis of the Coler device that may assist in this and similar efforts.

VPF conversion devices have been prototyped in laboratories throughout the world.  


About Aesop Institute
  
The non-profit Aesop Institute was founded in 1973 to search for clean, commercially-viable sources of energy, and to explore new ideas in economics.

The first commercial affiliate of Aesop was SunWind Ltd., which created a freeway-capable, wind-electric hybrid vehicle. Their Windmobile was featured as the cover story in the November, 1976 Popular Science. SunWind suspended operations in 1983. (It may be revived by MPI as a future subsidiary.)

When a promising magnetic system came to its attention in 1984, the Aesop Institute founded MPI as its second commercial affiliate, and incorporated it in 1987.

MPI engineers and scientists have closely scrutinized many technologies and devices. From the hundreds examined in this rigorous process, two have become core MPI technologies: Magnetic Power Modules™ and superconducting polymers, which the Company calls Ultraconductors™.  This product is now being developed in the MPI subsidiary company Room Temperature Superconductors Inc. (RTS).

Ultraconductors are the commercial equivalent of a room-temperature superconductor. They result from more than twenty years of published, peer-reviewed scientific research, including thirteen years of development. Scientific American has said the development of such a superconductor would “surely initiate a second industrial revolution.” Potential markets are estimated in multiple billions of dollars. MPI and RTS have completed four Small Business Innovation Research contracts in connection with Ultraconductors. These remarkable materials have been independently reproduced and tested.  More information about RTS can be found on the website: www.ultraconductors.com  MPI and RTS technologies are highly synergistic. Until recently, MPI and RTS shared management and staff.  
 
MPI and RTS share offices in Sebastopol, California, 50 miles North of San Francisco. RTS has a laboratory in Sebastopol. MPI has a laboratory developing solid-state Magnetic Power Modules in Washington State. It also has a contract laboratory in Florida, which works exclusively with MPI and is primarily focused on rotary Magnetic Power Modules. Another, small laboratory facility is planned elsewhere in Washington. Other small labs are located in the UK, where expansion is planned, and in Mexico. When adequately funded, Aesop Institute is expected to be headquartered in Portland, Oregon.  

The MPI  website is www.magneticpowerinc.com.


Aesop management

Aesop Institute founder Mark Goldes began full-time work in 1973 to uncover practical alternatives to fossil and uranium fuels. Earlier he had served as Chairman and CEO of the Aesop Company, a specialized financial consulting firm. Later, Goldes founded SunWind Ltd. mentioned above. Now Chairman and CEO of Magnetic Power Inc., Mr. Goldes is also Chairman and CEO of RTS, MPI’s subsidiary.

An exceptionally well-qualified new Executive Director has been selected to guide the work of the Institute after it relocates to Portland.

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SOURCE

• Press release submitted by email from Mark Goldes, who also provided the photo included with this story.

Page posted by Sterling D. Allan June 8, 2006
Last updated June 09, 2006