|
Date: Tue, 31 Jul 2001 10:45:50 -0500
Dear
Eric, At
this point, our most pressing need is negotiation of a $2.6 million
package to consolidate our engineers, getting them off their normal
aerospace jobs and into our own company work, full-time on the
project, and also file our foreign patent applications.
The work would go much faster when we are able to do that. We
have arranged for much of our future phenomenology research to be
conducted in a foreign laboratory.
But our major need right now is to obtain 3-year funding
(equipment, salaries, and expenses) to set up and operate a small
full-time lab for our own group here in the U.S.
From the laboratory experiment we presently have working, we
expect to develop our first commercial product for the market about
one year from the time our lab is set up.
We have filed two patent applications so far, and Bedini and I
have jointly filed a third very formidable patent on the previously
unknown process for close-looping an overunity device for stable
self-powering operation (taking all its energy from the vacuum).
Contrary to the understanding of most electrical engineers and
electrodynamicists, one cannot just close-loop an overunity electrical
power system by simple standard governed positive feedback. This
latter patent application represents a great discovery in its own
right. Both our MEG
group and the Bedini group have unrestricted joint rights to use this
latter patent's processes in all our developments. Several
options can be made available for such a financial partner.
This type of discussions and arrangements are the purview of
Dr. Lee Kenny, the Managing Partner of our little company, Magnetic
Energy Ltd., to which the intellectual property rights are assigned.
I am furnishing a copy of this to Dr. Kenny, who just now is on
travel and will return in a few days. Best
wishes, Tom
Bearden, Ph.D.
|