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Magnetic Power Inc. - Executive Summary Update
Posted on Friday, June 29, 2007 @ 23:53:19 UTC by vlad
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MPI’s Mission
MPI’s mission is to supply the world with clean, abundant, and inexpensive electricity.
The company is developing technology it calls Magnetic Power Modules™. Based upon proprietary breakthrough discoveries in MPI’s labs, Magnetic Power Modules are being designed that operate continuously, without fuel, extracting electricity by converting an abundant, renewable, extremely dense, energy source that exists everywhere in the universe. The process will create no pollution. Variations will provide a permanent power supply that eliminates the need for batteries of all sizes. The cost of electricity is estimated to be significantly less than any competing form of power generation today, or in the foreseeable future.
Magnetic Power Modules will be scaled to a wide range of applications. They appear suitable for the relatively small power needs of consumer devices and can turn future cars into decentralized power plants. They can be rapidly commercialized and fabricated in many electronics factories.
Magnetic Power Modules Range of Applications
Consumer devices - cell phones, laptop computers, etc. ........... A few watts
Portable and emergency generators .................................. 1kW (Kilowatt)
Homes ........................................................................... 4 or more kW
Automotive Vehicle propulsion ....................................... 75 kW and more
Maritime propulsion .................................................... 500 kW and more
Aerospace industry and power plants ............................. 1 MW (Megawatt)
Prototypes are currently being built in MPI laboratories. A breakthrough proof-of-concept example has been evaluated by Lee Felsenstein, EE (see brief bio below). He felt it was analogous to the early work on the transistor, which eventually led to a Nobel Prize and the creation of Silicon Valley. The first in a series of patent applications was published in July, 2006. During 2007, a breakthrough new design indicates that a 1 kW self-sustaining generator may initially measure 5”x8”x12”. Two prototypes will eliminate the plug, from a plug-in hybrid car, within the next year.
With parked cars able to become power plants, the commercial potential of Magnetic Power Modules is huge, with applications throughout the roughly $2 trillion worldwide market for energy. The Company forecasts rapidly growing revenues and profits, with revenues beginning in 2007. Positive impacts on global social, economic, and environmental conditions are anticipated.
As we establish the commercial viability of Magnetic Power Modules in proprietary labs operated by the Company, MPI will implement a global partnering, patenting and licensing strategy to catalyze worldwide adoption of the technology. This strategy maximizes chances of ongoing success by:
1) generating early contract revenues and investment through key strategic alliances;
2) protecting MPI’s proprietary technology with a formidable patent portfolio;
3) building a foundation to support worldwide market adoption of MPI technology.
Revenues from licenses and Joint Ventures employing Magnetic Power Modules are conservatively projected to exceed $1 billion annually by 2011.
2007: $25 million; 2008: $100 million; 2009: $300 million; 2010: $600 million, 2011: $1 b.
If revenue targets, cash flow and market conditions are right, the Company will consider an Initial Public Offering in three years or less, providing investors with an attractive exit strategy.
A Brief Overview
Conventional wisdom suggests we will be dependent on oil, gas, coal and nuclear power for the foreseeable future. Alternative energy sources are thought to be limited to solar, wind, fuel cells, biofuels, and other solutions with little chance of rapidly replacing oil, gas, coal and nuclear power. However, a far more vital family of energy conversion processes has begun to emerge, which we believe holds the promise of cost competitive electric power and automotive propulsion. These new technologies 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 like Nikola Tesla recognized this huge reservoir could be a source of usable energy. Tesla, the genius who gave birth to alternating current, said in a talk to electrical engineers in 1891: "Ere many generations pass, our machinery will be driven by a power obtainable at any point in the universe. …Throughout space there is energy.” A growing number of scientists and engineers consider it possible to tap energy from space for practical use.
MPI engineers have determined that our experiments, which extract energy from what we term Quantum Dynamos, lead directly to practical, cost-effective, technology. Our generators may be converting a limitless source often referred to as Zero Point Energy. However, most scientists familiar with the Zero Point Field do not believe this to be possible.
MPI’s proprietary technology extracts electricity by utilizing unique magnetic inventions. The basic concept has long fascinated inventors. Nobel physicist Werner Heisenberg is quoted as stating: “We could utilize magnetism as an energy source”. Perhaps the first device was built by Wesley Gary in 1874. It was shown to Harvard and MIT professors. Hans Coler, a German inventor supported by Hitler’s navy, demonstrated a working 6 Kilowatt, solid-state, magnetic "space energy receiver” in 1937. His work was destroyed by an Allied bomb during WWII. At the time, there was no comprehension as to the source of the energy. Coler wrote: “These fundamental researches…have made the first real and large breach in the citadel of present scientific belief.”
Magnetic energy conversion devices have been prototyped in several laboratories. MPI has a team of outstanding engineers developing pre-commercial generators leading to the development of Demonstration Devices and toys as well as immediately practical designs. Prototype 100 Watt generators are anticipated in the last half of 2007. 1 kW Modules will follow and are a goal for the year end. Modules can be combined for greater power output, in a manner analogous to solar cells. A prototype alternative to a “plug-in” hybrid automotive power system, could be demonstrated on a converted Prius within 12 months. Larger and smaller size Magnetic Power Modules will follow.
If MPI and others developing related technologies succeed, this heralds the beginning of a profound transition in the global economy and the quality of life on earth. Great numbers of new jobs will emerge. Energy independence is likely to be realized by all countries, large and small, rich and poor. Reversing the rising prices of gas and oil, as well as reducing air pollution -- and slowing what is becoming extremely dangerous global warming, is inherent in the achievement.
MPI management believes this is likely to be a near-term event.
A Brief History of MPI
In recent decades, the search for clean, commercially viable sources of energy has been the goal of many inventors, scientists and visionaries, including MPI founder, CEO and Chairman, Mark Goldes.
In 1984, a magnetic system that seemed promising came to his attention and MPI began that year. The firm was incorporated in 1987, to acquire and commercialize breakthrough technologies for electricity generation and distribution. MPI engineers and scientists have closely scrutinized many technologies and devices claiming such advances. From the hundreds examined in this rigorous process, only two have survived to become core MPI technologies: Magnetic Power Modules, described above, and superconducting polymers the Company calls Ultraconductors™, a product being developed in an MPI subsidiary company called RTS (Room Temperature Superconductors, Inc.). As the emergence of commercially practical energy technology in the parent has ended the need for RTS to be a separate firm, it is expected to become a Division of MPI later this year.
Ultraconductors are the commercial equivalent of a room temperature superconductor. They result from more than twenty years of published, peer reviewed, scientific research, including fourteen 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.
In 1995, MPI was awarded a Phase I, Small Business Innovation Research (SBIR) contract by the U.S. Air Force to identify early commercial applications of Ultraconductors. Following Ultraconductor tests by the USAF, a highly competitive Phase II SBIR contract was awarded to MPI. The two MPI contracts — and two additional SBIR awards which went to RTS – were completed by the RTS scientific team. Ultraconductors have now been independently reproduced and tested in the U.S. by Fractal Systems Inc., under a USAF contract.
More information about RTS, along with a business plan in a password protected area, can be found on the website: www.ultraconductors.com MPI and RTS technologies are highly synergistic. Plans for the RTS subsidiary include a sale to a strategic partner, a larger firm, or perhaps even an IPO, within two to three years.
Some Key MPI People
Mark Goldes - Chairman and CEO – Founded the non-profit Aesop Institute and began full-time work to uncover alternatives to fossil and uranium fuels in 1973. Earlier served as Chairman and CEO of the Aesop Company, a specialized financial consulting firm, and later founded SunWind Ltd., a renewable energy company, as the first Institute commercial affiliate. MPI was the second commercial firm to be born as an Institute affiliate. Mr. Goldes is also Co-Founder, Chairman and CEO of Room Temperature Superconductors Inc., MPI’s subsidiary. Bio:
http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=56175561
Henry Waxman - President and Chief Operating Officer – Named Entrepreneur of the Year in 1991 by Ernst and Young, Mr. Waxman has spent the last 20+ years in entrepreneurial ventures with positive social and environmental impact. In 1995 he created his third company, MM
Reserves, Ltd. (MMRL), a consulting firm focusing on startups, pre-revenue or turn-around situations. For more information see: http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=129098092
Sue Engle - Corporate Secretary & Project Manager - After a decade of Backstage Management in music, film and television in her native Britain, Europe, and later N.Y. and L.A., Ms. Engle performed Project Management and Product Development with The Children's Group’s several major children's toy catalogs. In 1993, she began overseeing manufacturing in Asia, including development of products from early design stage to final shipment. She also inspected factories for compliance with decent worker and environmental practices and materials sourcing. In 1999, she established her own company, Marble Hill, focusing on product development and manufacturing in Asia, working with individuals and existing domestic companies.
Lee Felsenstein – Electrical Engineering Consultant - Earned his BSEE at UC Berkeley. His first employment was with Ampex. Lee was the Moderator for the Homebrew Computer Club in Silicon Valley, for more than a decade. Twenty three companies were begun by members. They included Steve Wozniak and Steve Jobs, who co-founded Apple. From 1992 to 2000, he was a Senior Associate with Interval Research, a Palo Alto, California, computer lab funded by Paul Allen, designed to help create and support future computing technologies. Lee earlier designed two computers that now reside in the Smithsonian Institution. He received the Electronic Frontier Foundation Pioneer Award in 1994 and was inducted into the Computer Museum of America Hall of Fame in 1998. On April 3rd, 2007, Lee received the Editor’s Choice ACE Award by Electronic Engineering Times magazine. In this short video interview, he talks about our breakthrough (without mentioning MPI, which has permission to use the clip below). http://video.yahoo.com/video/play?vid=379134&fr=yvmtf
Dr. Kevin Shambrook – Scientific Consultant – Dr. Shambrook was previously a Senior Project Manager with Hughes Aircraft Co. and a Vice President at Doric Scientific Inc. His work experience spans 30 years and includes the management of diverse engineering and manufacturing projects, corporate planning, and new product introductions. Dr. Shambrook earned his Ph.D. at UCLA. For fourteen years he served as President, Chief Scientist, and co-founder of MPI’s subsidiary company, Room Temperature Superconductors Inc.
Funding Status
MPI and RTS together have raised a total of more than $8 million in capital provided by private Angel investors. Included was $4 million directly, and another $1 million indirectly, invested in our RTS subsidiary. An additional $600,000 was provided by the four completed U.S. government contracts related to Ultraconductors.
E-Mail: magneticpower@gmail.com
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Re: Magnetic Power Inc. - Executive Summary Update (Score: 1)
by Rastahal on Sunday, July 01, 2007 @ 11:38:59 UTC
(User Info | Send a Message) http://truthbells.com | You know, this all sounds very good. However, I've been a casual visitor to the ZPEnergy website for some years now, and this latest offering from MPI starts to get old in the way that I've seen it all before.
I wish MPI all the luck in the world, and I hope they DO have something, but I can't help but think that the way this keeps getting presented over and over again helps feed the idea that MPI's purpose is to raise money and little else.
I tend to believe Mark Goldes is an honest guy that just can't help talking about his company's energy technology that has great potential and that he has faith in, but I'm thinking the approach of "talking it up" long before it's ready for prime time does not serve MPI well in this regard, even though intentiions may be most honorable.
If you want folks to think your energy technology is a scam, you couldn't do it much better than MPI has done, as I think this presentation method would naturally raise doubt over time with most people. It certainly has with me. However, I remain cautiously hopeful that Mr. Goldes and indeed pull this energizer bunny out of MPI's hat. Peace - rh |
Re: Magnetic Power Inc. - Comment on a comment (Score: 1)
by Overtone on Monday, July 02, 2007 @ 09:37:32 UTC
(User Info | Send a Message) http://www.magneticpowerinc.com | Questions like this are understandably raised about MPI progress. An earlier edit of my remarks here appeared in answer to questions on a previous post. They may
interest readers of this one.
The prototype of the patent pending generator shown on our website
produced more than 100 times input, as output, in late 2004. However, we
discovered to our surprise that it would be difficult and complicated to
fabricate.
In seeking solutions to these vexing problems, we discovered an
entirely new, breakthrough technology. There are a number of variations
possible. We have built several very different early prototypes using parts
that were very far from optimal. They confirmed the analysis. An independent
confirmation of this appears on our website by Lee Felsenstein, a distinguished
EE who examined the work.
Self-sustaining prototypes have not yet been achieved. However, with
a bit of luck, we may reach that milestone this summer. There is no doubt at
all that it can be accomplished. The only question is the timeframe.
Since the dot.com crash, all high-tech firms in this country, not
yet producing revenue, have had a very tough time finding capital. Companies
developing technology that most believe is impossible have had a difficult time
surviving. We are no exception.
If we had our druthers, we would have stayed below the radar until
products were in the market. Had we done that in this financial climate we
would have disappeared some years ago.
Five very large domestic firms have expressed interest in our work
and are likely Strategic Partners. That could mean we reach the revenue target shown in the Summary
by the end of this year.
Our Business Plan now seeks only a relatively minor injection of
equity capital, as a result of the remarkable progress in the lab. We seem to be
attracting more major capital interest at this time than we are likely to need.
However, as of today we are still undercapitalized.
Open minded readers can begin to understand that we believe we have, at long last, achieved our
basic goal. MPI has invented a new way to generate electricity without the need
for fuel or any obvious source of energy.
We have now invited three automobile companies to check out this
work, since it can end the need for batteries, engines and fuel-cells.
It can
also help to transform and greatly strengthen the economy and rapidly assist
with replacement of fossil and nuclear fuels.
Mark Goldes
Magnetic Power Inc.
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Re: Magnetic Power Inc. - Comment on a comment (Score: 1)
by Sigma on Tuesday, July 03, 2007 @ 00:07:47 UTC
(User Info | Send a Message) | Maybe you should focus on getting RTS' out the door. They seem to be more conventional and probably more acceptable than a ZPE device, but it will still have a dramatic effect on the world. Besides it seems MPI is still a ways from getting a sustainable device.
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Re: Magnetic Power Inc. - Re Ultraconductors (Score: 1)
by Overtone on Tuesday, July 03, 2007 @ 06:52:01 UTC
(User Info | Send a Message) http://www.magneticpowerinc.com | Polymer Ultraconductors, the product under development by Room Temperature Superconductors Inc., an MPI subsidiary, seem further from the market than Magnetic Power Modules(tm).
Until recently, it appeared that three years and $18 million would be needed to produce a meter length of Ultraconductor wire. There is a possibility, not tested as yet, that a recent breaktrough might reduce that to one year and $5 million.
Modules are likely to be manufactured next year and as a result are now attracting very much greater investment interest.
RTS is getting renewed investor attention. However, it is less than is the case with Modules.
Substantial funding for both firms is now only a matter of completing transactions in process.
Later this year RTS is expected to become a Division of MPI, as the technologies are synergistic.
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Re: Magnetic Power Inc. - Comment on a comment (Score: 1)
by ryandinan on Tuesday, July 03, 2007 @ 12:59:23 UTC
(User Info | Send a Message) | "The prototype of the patent pending generator shown on our website
produced more than 100 times input, as output, in late 2004. However, we
discovered to our surprise that it would be difficult and complicated to
fabricate."
Who cares??! If you truly found a way to create a device that output 100 times the power as it consumed, nobody would complain that it was "too complicated to fabricate." This is BS.
"Five very large domestic firms have expressed interest in our work
and are likely Strategic Partners. That could mean we reach the revenue target shown in the Summary
by the end of this year.
Our Business Plan now seeks only a relatively minor injection of
equity capital, as a result of the remarkable progress in the lab. We seem to be
attracting more major capital interest at this time than we are likely to need.
However, as of today we are still undercapitalized."
I'll just throw this out as a suggestion, but I'm sure there are reasons why you haven't done this. Why don't you ask your "five, very large domestic firms" to inject some "equity capital"?? Money is money Mark. If you think you are "attracting more major capital than you will likely need", then what is the problem? You don't make any sense. Either you need money, or you don't. Nobody cares what kind of capital you want to call it - it's money. Regardless, like I mentioned above, IF you have a device that is producing 100 times the output vs input, those 5 very large domestic firms would be fighting to offer you money. The only logical conclusion, is that you haven't shown them anything that has convinced them to give it to you. Which likely means you don't have anything at all. Stop with the regurgitation of the same crap and just show the world what you truly have. If you're not a conman, that should not be a problem, considering you have patents protecting your technology, right?
-Ryan |
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Re: Magnetic Power Inc. - Comment on another comment (Score: 1)
by Overtone on Tuesday, July 03, 2007 @ 14:02:11 UTC
(User Info | Send a Message) http://www.magneticpowerinc.com | Large firms move very, very, slowly. Lab visits are part of the program.
MPI and RTS can each readily utilize about $100 million during the next three years.
We presently anticipate only $5 million of that total in each of our two companies needs to come from equity investors. Our goal is to bring in the balance from revenues.
Advance license fees are not common in the U.S., but they are in Japan and elsewhere in Asia.
We understand Rambus auctioned a chip patent license in Japan, some years ago and realized more than $80 million in front-end license fees.
We believe our technology is exciting enough to cause domestic firms to seriously consider front-end license fees and advance purchase transactions.
We do have Patents on our Ultraconductors. However, no patents have yet been issued in connection with our energy technology. We are working hard to change that situation as rapidly as is humanly possible.
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