| From: "Tom Bearden" To: Correspondent Subject: RE: Best of Luck with the MEG! Date: Sat, 21 Apr 2001 23:55:49 -0500
Dear
Joel,
Nice
to hear from you again, and hope things go well with you. Also
appreciate the kind words.
We
are continuing to try to get the necessary funding to get on with it.
Biggest problem (at least in the U.S.) is this: It is considered
as "disruptive technology". Seems few agencies and few
investment groups with substantial commitment to the normal power
industry stuff, are interested in anything that will
"disrupt" the normal way of doing things! That
includes the investment community, the scientific community, most of
the government community, etc.
At
least in some places overseas this does not appear to be the case.
It begins to look like the best chance of getting a sufficient energy
program going and "get on with it" may be with one or more
of the overseas groups.
But
we are proceeding, and will not give up. We have filed two
patents already, and a close colleague and I are filing a third very
shortly. Will also have a book coming out next year, published
by World Scientific. There we expect to rather much "let it
all hang out" and show some things we have not released before.
but
I really did not realize the extent and depth of this outright
phobia against "disruptive technology". Now we
do. It's really something when a major investment group will
spend about $150k for independent technical assessments and due
diligence, and then back away because it is disruptive!
Nonetheless,
we live and learn. So it looks like we have to get an education
in yet another facet of the game.
Hang
in there and good luck to you!
Cheers,
Tom
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