In a recent (Oct 30, 2001) update posted by Tom Bearden on his website (highly recommended reading - see Hot Links section here for the link to his site) he informs that notification was received from the U.S. patent office that the first patent for the MEG will be issued with all the claims recognized. In addition, a second patent application has been filed, on other aspects of the MEG device (its latest variation is called the TGEN : transformer-generator). He goes on to say:"Also, we have now secured an agreement with the National Materials Science Laboratory of the National Academy of Science in a friendly foreign country, to do the necessary advanced research to finish the MEG for scale-up and commercial production. The first commercial units should be rolling off the production lines in about one year, and we expect them to be closed-loop self-powering systems of about 2.5 KW output, but modular. So, say, four of them can be arrayed with a synchronization unit (under development simultaneously) to produce a 10 KW output."
Please read this very interesting posting at :
http://www.cheniere.org/correspondence/103001.htm
Here is another interesting comment from Tom:
"Magnetic Energy Limited is in intense negotiations with several large financial enterprises, for the capitalization necessary to get on with it and finish the research for production engineering. We will continue until the capital is successfully raised. A major financial group has spent more than a hundred thousand dollars in verifying us and technically verifying the device and the process. We have passed through three rigorous and independent technical assessments, quite successfully. As a point of wry humor, one of the problems is that this technology is "disruptive" technology, and so any large financial institute with large amounts of committed capital in the normal power field, e.g., has a serious internal struggle and a major problem in considering financing this. I'm understating the problem there! This peculiarity that a large enterprise could "shoot itself in the foot" by investing in this "disruptive technology" ironically has emerged as the single biggest problem in our negotiations. There is no problem in technically proving the system; we have to do that repeatedly in all our negotiations."
