Getting The License Back Was Rossiís Top Priority
Date: Saturday, July 22, 2017 @ 21:32:32 EDT
Topic: Legal


From An Impossible Invention: Here’s The Settlement—Getting The License Back Was Rossi’s Top Priority by Mats Lewan

In the settlement between Rossi and his US licensee IH, Rossi got the license back together with all E-Cat equipment and materials, while none of the parties will have to pay damages to the other. Getting the license back was his top priority all the time, Rossi explains in this interview.

[Here’s the document defining the terms of the settlement (un-disclosed source)].

“To us, the most important thing was to regain complete ownership of the IP and of all the rights that were conceded through the license. At this point, it had become very clear that a continued collaboration had become impossible because of the choices IH made and because of other reasons. The development, the finalization, and the distribution of the technology—any agreement regarding this would have been impossible,” Rossi told me during an interview via Skype on July 15.


The settlement was drafted on July 5, 2017, on the fourth day of the trial regarding a lawsuit that Rossi filed in Florida, mainly against his US based licensee Industrial Heat, IH, early in April 2016, for not having paid the final amount of USD 89M according to the license agreement, after one year of operation of a 1MW heat plant based on Rossi’s E-Cat technology, apparently successful according to a supposedly independent report made by nuclear engineer Fabio Penon.

The defense, on the other hand, accused Rossi of having produced false results in conspiracy with Penon and others. Eventually, however, none of these accusations could be confirmed by proof, which I will comment on below...

Read full interview here: https://animpossibleinvention.com/2017/07/18/heres-the-settlement-getting-the-license-back-was-rossis-top-priority/






This article comes from ZPEnergy.com
http://www.zpenergy.com

The URL for this story is:
http://www.zpenergy.com/modules.php?name=News&file=article&sid=3766