Prime Time Steorn
Sean McCarthy, CEO of Steorn, appears on RTE News: Prime Time in the following video along with a test setup:
Sean offers his opinions on improving the Irish economy. He also briefly mentions Steorn's technology.
Friday, January 16, 2009
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8 comments:
"What we've been focussed on for the past few years is demonstrating to the scientific community, to the engineering community and ultimately to the public, that this technology does work..."
Hmmm... seems to me that they've been quite tight-lipped about this technology over the past few years.
"What we've been focussed on for the past few years is demonstrating to the scientific community, to the engineering community and ultimately to the public, that this technology does work..."
Hmmm... seems to me that they've been quite tight-lipped about this technology over the past few years.
Francis Hacket did transfer his privately kept 9,7% share in Steorn to Greenfield Nominees Ltd on 23 October 2007, which is located at O’Donnell Sweeney Solicitors, the company he works with. Greenfield is an empty company with a balance sheet of only 6 Euro, owned by the O’Donnell Sweeney directors.
Other useless facts will follow soon, as new CRO filings of Steorn become available.
Sean seems to be quite confident the technology works, but it looks like it's not easy to set up.
Whatever blueprints Steorn may publish, it will take some engineering creativity to make it into a useful product. I believe that they will publish only basic setup to demonstrate the power-gain effect. They are just busy finding some high-performing configurations that they will license.
Still, just a "basic setup" blueprint would make everyone happy.
Steorn has filed some information
to the CRO which was scanned on 21/01/2009 :
http://www.cro.ie/search/submissionse.asp?number=330508&BI=C
A new patent from Steorn published in 01/08/2009 and called "SYSTEM AND METHOD FOR MEASURING ENERGY IN MAGNETIC INTERACTIONS"
http://v3.espacenet.com/publicationDetails/biblio?KC=A1&date=20090108&NR=2009009157A1&DB=EPODOC&locale=en_EP&CC=US&FT=D
They lost 3,5 million in 2007, and still had some 4 million cash on 31 December.
Assuming the burnrate continued in 2008, they had only 0.5 million on 31 December 2008, with less than 3 months left. The end may be near, at last.
Attention 15-india-street: I, too, am totally convinced that the whole Steorn project is a scam. I know someone who has invested money in it. He did this without reference to me, or I would have told him about the Laws of Thermodynamics and James Randi’s challenge, just for starters.
You posted a spreadsheet showing the investors. There are comments on a number of the cells. One in particular says “Total price for which the Steorn company is sold to big oil”. This is very interesting because the investor I know has been reported as saying the technology will probably never be developed – it will be sold to an oil company for really big bucks so that they can keep it under wraps for as long as it suits them. Could it be possible that this was the proposed exit strategy that was used to separate him from his money?
Are you at liberty to say where this spreadsheet came from? Was the cell comment referred to above put in by someone in the company, or was it added afterwards by you or a fellow skeptic? Is there a more up to date version of the spreadsheet available?
I will be grateful for any other information you can give me.
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