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Lutec 1000 patents accepted in U.S.
Posted on Monday, September 27, 2004 @ 11:05:57 GMT by vlad
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Anonymous writes: The Lutec 1000 had its patent application approved in the U.S. this spring and are currently waiting for acceptance by the European Union before they start a public awareness campaign. The patents were requested in 1999 and approximatly 5 years later they were recognized as a legitamate invention that works as stated. To see the engine and how it works please visit www.lutec.com.au
The Lutec 1000 is an engine that using a small electrical pulse from a battery then sends a charge to electromagnets, which spin on an axis and produce 1500% more energy than consumed. The magnets last for at least 1300 years and the engine requires minimal maintenence. It runs quietly and produces a kilowatt of power.
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Also from the latest updates on their site: http://www.lutec.com.au/updates.htm
Update News as at 19th August 2004
We want to thank everyone for the numerous emails requesting further updates to this site. Your continued interest and support is greatly appreciated.
It is with pleasure we announce grant notification regarding our Mexican patent application. The official certificate will be forwarded to us shortly and we will post a copy of it to the patents page on this site in due course. The European patent is still pending. It covers over twenty countries and the application must be translated into all of those languages and examined individually by each of those countries patent office examiners. That’s why it takes so long. The European patent is a key component in our business plan and little of obvious notice to the general public will occur until it is finalized. Read the last sentence again.
The project is continuing on course. Our original plan was to begin manufacture in Australia by 2003. This was dropped because of a lack of interest from the Australian government in providing any assistance in getting it off the ground. In fact we have never had so much as a phone call from anyone representing the Australian government, let alone a visit or request for evaluation of the technology. Our local member of parliament several years ago wished us all the best, very nice, but no help whatsoever.
There has been intense international interest. Offers to relocate to several countries with taxation and funding initiatives have been made and to date rejected for various reasons. To give some idea of the scope of that interest, there have been visits from US govt interests, overtures from the US Navy, and business people. One US group has made eight trips to Australia bringing their own experts and other interested parties to view and evaluate the technology. Several US Universities have been involved in studying the technology. We have had visits and offers from Germany, Switzerland, South Korea, Singapore, Malaysia, China, India, Pakistan, South Africa, Belgium, Holland, Russia, Papua New Guinea, Haiti, Italy, Canada, The Caribbean, France, The United Kingdom, Turkey, The UAE, and even Bangladesh. The current business plan calls for a global release of the technology; this is why the European patent is of such crucial importance.
In response to your enquiries as to how the company manages to survive despite the constant struggle for funding. The company every so often sells a fixed percentage of its shares to individuals to raise capital to meet patent expenses and on-going research and development costs. Because the company is not listed on the stock exchange it has no prospectus to present, so under Australian law only twenty offers per year can be made, and no advertising of any form can be made in respect of an offer.
This means only people who are already shareholders, or just happen to phone or email asking about shares, get to hear about an offer. It must be pointed out that if a Share representing one percent of the total shares of the company, were available today it would sell for fifty thousand dollars, so the shares don’t suit everyone. There are none available at that price at the moment, and even if there were it couldn’t be published here.
Please note that Lutec Australia Pty Ltd is an Australian company. It owns the right to develop the technology, to pay for all patent costs and to deal commercially with the technology within a geographical area called Oceania, which essentially includes Australia, New Zealand, Papua New Guinea, The Solomons, Micronesia, and a great number of the South Pacific Island nations. Also other places included within a specific geographical boundary. It does not own the patents that apply to these locations, it does however have an exclusive license to use those patents.
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Note: Is there a record of an independent validation of the LUTEC 1000 prototype anywhere on the net?
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