MAGNETIC POWER MODULES: A FAST TRACK TO MARKET
Date: Tuesday, August 16, 2005 @ 21:39:48 UTC
Topic: Investors
Energy expert Matt Simmons predicts oil prices could rise to $100 within a few months, plunging the world into an unprecedented fuel calamity. He calls it: “the biggest crisis we have ever had.”
North America and the UK are experiencing record prices for natural gas. An emergency in electric power production could result. The price problem is already serious in the UK. Present estimates suggest it will continue to be of major concern in the U.S. for perhaps ten years, at which time Liquid Natural Gas (LNG), shipped from abroad, is expected to alleviate the shortfall. MPI appears to have the potential to help alleviate the resulting electric power shortage.
One of MPI’s solid-state Proof-of-Concept (POC) devices has opened a path to early production of 1,000 Watt Magnetic Power Modules(tm). This prototype has demonstrated slightly more output than input. When output repeatedly rises to our target level, an independent lab will be given the opportunity to validate the work.
Conversion of utility hardware into generators has long been part of our commercialization program. This unit opens a path to a pre-production prototype that we would like to complete this year.
MPI will acquire a few small utility type units. When converted, these devices will become generators without moving parts. They are likely to be about the size of a microwave oven.
The Company will also develop, with equipment manufacturers, optimized designs for future production. These may reduce the size and weight of this type of Magnetic Power Module.
The initial conversion might produce only about 100 watts. When perfected, in perhaps the third iteration, the output might rise above 1,000 Watts to perhaps 1,500 Watts.
This is the standard rating for plug-in electric household heaters. In addition to powering a wide variety of small appliances, the market for electric heaters having a self-contained power source has to be very large.
With sufficient capital to hire enough people, this project can become a four-team effort. Four teams of engineers and technicians would allow development of conversion kits 24/7.. These will be designed for several standard sizes of equipment. A different design is expected to later yield one Megawatt generators. Hefty modules of that size could be linked together for power plants.
A 2,000 Watt Module will be used for a prototype automobile demonstration. A plug-in hybrid will be modified -- substituting the Module for the need to plug-in. Such a demonstration should become a harbinger of hope for consumers. It will herald the emergence of huge new markets for car manufacturers.
Our first Strategic Partner is on-board. Others will follow, worldwide, producing MPI’s Modules. Since this work pioneers new science, Demonstration Devices and toys are part of the development and licensing program.
The price of oil could conceivably drop, as markets absorb the reality of a cost-effective, near-term, alternative.
The potential impact on the anticipated shortages of electricity might become significant. The elimination of the need for all fossil or nuclear fuels will clearly appear on the horizon.
Slowing, and later the reversal. of Greenhouse Warming is implicit in the achievement. To the surprise of many, with ample financial support, this may well be a near-term event.
Contact: Mark Goldes, Chairman & CEO
mgoldes@msn.com
© 2005 Magnetic Power Inc. All rights reserved.
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