A report of the results of independent testing on Andrea Rossi’s e-cat low energy nuclear reaction (LENR) device is now available. Unfortunately the report is currently only available to Rossi and Industrial Heat which means that company’s owner Tom Darden undoubtedly has a copy.
There is no word on when the report will be made public but Rossi apparently received a copy on March 29 which was Tuesday. The inventor did say was in the report but he did make this post at his blog:
March 29, 2016 at 1:44 PM
WE HAVE RECEIVED RIGHT NOW THE ERV’S REPORT WHICH HAS BEEN DELIVERED TO INDUSTRIAL HEAT AND TO MYSELF.
While I cannot release the report publically at this time, I can state that I am very pleased with the results.
I hope that Industrial Heat and I will be able to release the report publically in the near future.
May God help us for the hard work waiting for us all.
Dr. Andrea Rossi, CEO of Leonardo Corporation”
As you can see Rossi likes what he sees. He is also making a point of reminding us that he is chief executive officer of Leonardo Corporation and in charge of e-cat.
He also stated that the report cannot be published until he has an “agreement between parties.” I imagine that means he needs Tom Darden’s permission.
The test results will probably be made public in June but Rossi offered no specific dates.
No Ecat IPO planned
There are no current plans for an initial public offering (IPO) or stock offering for e-cat, Rossi revealed. Instead he seems to want to keep it privately held for the foreseeable future. Rossi wrote this in response to a reader named Andreas Moraitis on March 30:
“It is still soon to talk of IPO. We will make no IPOS until the E-Cats will be distributed massively in the market. Now we have to think to work, work, work to set up a solid good, industry: industries with papers are good; papers without industries are like Easter eggs: you never know what is inside and most of times you get disappointed.”
Note companies can stay private for a very long time. The Ford Motor Company (NYSE: F) was founded in 1903 but did not go public until 1956, – 53 years after its founding. That means those wanting to invest in ecat might have to wait for a very long time.
Rossi also revealed that Leonardo Corporation owns the intellectual property (IP) to ecat presumably patents. On:
“Leonardo Corporation is the owner of all the IP related to the E-Cat and we of Leonardo Corporation decide independently our strategy, depending only on the results we achieve with our R&D, that is on course in laboratories independent from all our Licensees.”
He did not say how fits in with the rights he has sold to Industrial Heat LLC and Hydrofusion. Leonardo Corp’s name does appear on a United States Patent Rossi received last year.
It looks as if some big things could be happening in June. One has to wonder if that is when Rossi will finally reveal his ecat and factory to the world.