Rossi ends Agreement with Industrial Heat
Leonardo Corporation now has total control of Andrea Rossi’s e-cat low energy nuclear reaction (LENR) technology. The Rossi-headed company took control by ending its relationship with Tom Darden’s Industrial Heat LLC.
“Leonardo Corporation announced today, June 2, 2016, that it has terminated the license granted to Industrial Heat, LLC. for the Energy Catalyzer (“E-Cat”) technology,” a Leonardo Corp press release states. “Effective immediately, Leonardo Corporation has the sole and exclusive right to the E- Cat intellectual property in all territories previously licensed to Industrial Heat, LLC.”
This means that Leonardo Corporation now has the right to market e-cat products in all the world’s major economies.
“The license; previously granted to Industrial Heat LLC, gave the company the exclusive rights to use the E-Cat intellectual property in the geographic territories of North America, Central America, South America, the Caribbean, China, Russia, Saudi Arabia and the Arabian Emirates,” the press release posted on ecat.com states.
This announcement came two months after Rossi and Leonardo Corp filed suit against Industrial Heat and its owners; Darden, John T. Vaughn and Cherokee Partners (Darden’s investment fund). In the federal lawsuit Rossi claims he is owed $89 million; because Industrial Heat refused to pay him $100 million for the e-cat licenses, and tried to steal his technology.
Rossi Plans E-cat Factory
Rossi is moving ahead with plans to manufacture and market e-cat technology. On May 9, 2016, journalist Mats Lewan reported that Rossi; and his Northern European licensee Hydrofusion, had made a $3 million (€2.68 million) to $5 million (€4.47 million) offer to buy a factory in Sweden. The factory would presumably be used to manufacture the ecat devices. Lewan also reported that Rossi plans to purchase industrial robots from the Swiss company ABB Group to manufacture e-cat devices.
Having control of all licenses would enable Rossi to market the devices directly and make more money or to sell the licenses to someone else for a higher price. It is not clear how the lawsuit would affect this action, or how the action would affect the lawsuit.