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Industry: Energy, Environmental Services |
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MAGNETIC ENERGY LIMITED
Huntsville, AL
Venture Concept
Magnetic Energy Limited (MEL) seeks to develop and commercialize a Motionless Electromagnetic Generator (MEG) that produces clean, uninterruptible electrical power with no fuel and no moving parts.
Background
In response to the rapidly growing global demand for energy, many revolutionary new energy technologies are being researched and developed. The ideal solution would be an alternative energy source that is non-combusting and non-polluting.
These include prototype devices colloquially known as "over-unity" devices, as their coefficient-of-performance (COP) is apparently greater than one (i.e., the electrical power output from the MEG device is greater than the electrical power input). However, there is growing evidence that an infinite amount of energy is available in the universe - the MEG seeks to harness that energy. The MEG technology was the first ever to be awarded a U.S. patent for an over-unity device, and MEL seeks to develop prototypes for commercialization.
Company Team MEL was formed in September, 2002, as a Nevada limited liability corporation.
The developers of the MEG technology are an experienced, multidisciplinary team with solid credentials including: Naval intelligence, NATO's first intelligence database, NASA's Space Shuttle and Solid Rocket Booster Programs, U.S. Army Air Defense & Guided Missile Programs, Smart Weapons, and Neural Networks.
• James L. Kenny, Ph.D., CEO & Managing Director
• Thomas E. Bearden, Ph.D., Executive Scientist
• James C. Hayes, Ph.D., Executive Scientist (now deceased)
• Steven L. Patrick, B.S., Vice President - Research & Development
• Kenneth D. Moore, B.S., Executive Scientist
Achievements
To Date
Prototype One: The first prototype was built in 1998 based upon the applied magnetic research of Mr. Kawai of MEJ, Inc., Raymond J. Radus and Villasenor de Rivas.
Prototype Two: Work began on prototype two (MEG 1) in 1999. Testing on the MEG 1 produced spectacular results: 3.588 watts input produced 51 volts.
U.S. Patent # 6,362,718: was granted on March 26, 2002, to MEL on the process whereby electric power is generated by switching magnetic flux with no moving parts - and more specifically, the process for stabilizing, locking, and close-looping an over-unity system into stable disequilibrium yielding a coefficient of performance (C.O.P.) greater than 1.0x. Patents are pending globally.
MEG Technology
The Motionless Electromagnetic Generator (MEG) device consists of a series of specialized permanent magnets and collector coils with switching circuitry that alternates the concentration of the magnetic flux within the overall apparatus to extract usable electric energy. The MEG technology utilizes dynamic magnetic flux transfer between highly nonlinear physically and spatially connected components and self-initiated alternation of magnetic flux transfer and recovery. The MEG laboratory prototype separates the magnetic vector potential into two potentials, one curled and thus a magnetic field, and the other a curl-free magnetic vector potential. Just as splitting an electrical potential (voltage) onto two paths results in the same voltage (energy density) on each path, the MEG gains extra energy density by this magnetic vector potential splitting.
Even without design optimization, the lab prototypes have successfully demonstrated over-unity characteristics (more energy output than energy input) when measured with digital oscilloscope measurement equipment. The MEL team has begun the process of optimizing the design of the MEG prototype to allow the input energy source to be disengaged without ceasing the power output from the device. Once initiated, the MEG device would be "self-powering".
Targeted Markets
Applications for the MEG technology are extensive. The MEG represents a technology with cost and performance characteristics that would dominate essentially all stationary, portable and transport segments of energy while simultaneously eliminating environmental degradation associated with current energy production and consumption. Consumers spend over $2 trillion annually for energy needs globally and over $500 billion annually in the U.S., with the largest segments being electricity ($260 billion), motor gasoline ($130 billion), and natural gas ($90 billion).
"Wireless Utility" - an onsite primary power supply to customers who now rely on utility-supplied power from the grid; and an alternative to emergency "back-up" power systems.
Portable Power - a primary power supply for facilities that currently must rely on mobile generators (commercial, military, mobile refrigeration units, recreational use)
Transportation - a primary power supply for various modes of transportation (ship power systems, aircraft, trucks, automobiles, locomotives)
Electronics - primary power supply for household appliances, computers, etc.
Competition
The MEG technology has the following competitive advantages:
offers the ability to generate electric power without any fuel requirements (and hence without producing emissions) or employing any moving parts subject to breakdown;
is modular/scalable within a very small footprint and thus is suitable for innumerable applications - especially since it will produce electric power for a long period of time without any raw materials input, maintenance, or human management; and
represents an initial low cost device since the technology utilizes relatively commonplace materials with multiple source suppliers as well as a simple design with minimal assembly complexities.
Commercialization Strategy MEL will establish a new operating subsidiary, Magnetic Products, Inc. (MPI) to which all patents and rights associated with MEG will be assigned. MPI will have the exclusive right to manufacture and sell power units and to generate and sell power output based on the MEG technology on an international scale. A major business objective is for MPI to become the world's largest electric power generator. MPI would sell retail power at a micro-distributed level to residential, commercial, and industrial users. MPI would also sell wholesale power to utilities by clustering MEG devices in arrays at electrical sub-stations.
Milestone Events 3 months: lab set up; MEG prototype development and testing begins.
9-12 months: MEG commercial prototype developed.
9-18 months: negotiate with US and Canadian electric utilities for power purchase agreements and/or with cable and telephone cos. for MEG units in houses and buildings; establish independent power companies where necessary.
12-18 months: set up MEG production facilities in US/Canada.
18-24 months: MEG production begins.
24-36 months: negotiate with European and Asian electric utilities/cable providers/phone cos. for MEG unit placements.
4-5 years: IPO liquidity event.
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