|Subject: RE: Getting in the
queue to order MEGs
Date: Wed, 5 Jun 2002 16:42:06 -0500
Lee has unfortunately been on a killer pace of travel and activity, and has only just returned today.
We are presently in serious negotiations with several major funding groups for a primary funding partner, so we can set up the necessary major laboratory (four areas of specialized physics necessary, in addition to the electrodynamics). Once we have the laboratory set up and properly staffed (hopefully about 3 to 4 months from now), it will require about one year to have the first MEG units coming off the production lines. Contrary to many popular opinions, COP>1.0 EM systems are not simple, and we have appreciable advanced R&D work still ahead, which must be finished before we are able to go from successful laboratory experiments to scaled-up production units. The MEG is a highly nonlinear device and scale-up is not simple at all.
Presently, we are planning on developing the first basic MEG unit in a 2.5 KW configuration, but with a synchronizer developed simultaneously so that we can link up to six basic units together. That should give us a range of power units sized from 2.5 to 15 KW. Six to nine months later, we expect to have a basic 10 KW unit in production with the same "6-array" capability, allowing expansion in size of power units to 60 KW. Simultaneously we will have parallel teams working on much smaller basic MEG units and also much larger MEG units.
We plan for the first units to be close-looped (which has very special requirements for COP>1.0 EM systems) for self-powering. We have already covered part of the close-looping methodology in our second patent application, and will be filing at least two more patents very quickly. In addition, we have filed a joint patent with another colleague on a different method of close-looping. So with three ways to do close-looping, that is a low risk area. You will note we have released no information on the close-looping process, because of patenting activity and status.
So it will be still quite some time before we have MEG units ready for sale. Until now, we have personally funded the MEG research ourselves without outside investment at all. We do not sell stock or engage in seeking small investments. After power units are in production and on the market, we may then set up public stock companies in the production end of things, so that small investors can then participate. Until then, only risk capital is sought or will be accepted. Here the actual numbers and our grasp of the new technology are attractive to legitimate large capital groups, and we are confident we will soon obtain the necessary funding to go forward. However, at present that is our main priority, of necessity.
We will certainly make it well known publicly once we have production units available. At that time, we also expect to set up multiple manufacturing facilities worldwide, in several countries.
Your inquiry and patience are very much appreciated, as is your interest in the MEG. Lee is working a heroic schedule, with not enough hours in the day, as are the other members of our team. Unfortunately I am still unable to work a full schedule, but am working as much as physically possible. We shall continue.
Very best wishes,
Magnetic Energy Ltd.