Prometeon Srl, Italian distribution Licensee for the E-Cat has published a short news bulletin on the press release from Industrial Heat, LLC.
Prometeon’s article reads:
The Industrial Heat LLC, headquartered in Raleigh (North Carolina, USA) has acquired the intellectual property and rights to license the technology E -Cat Eng. Andrea Rossi. This was announced yesterday that company in a press release picked up by many American media, of which I can find a copy here . The founders and leaders of the Industrial Heat are Thomas Darden and JT Vaughn, both of Cherokee Investment Partners, a large company that specializes in investments in the environmental and energy sectors, with assets under management of over $ 2 billion. Prometeon congratulates them and wishes a fruitful future collaboration in the commercial sale of their products in Italy. (emphasis added)
From this statement it appears that Prometeon will maintain some kind of a licensee status, and collaborate with IH in the USA. We have learned, however, that so far that Swiss and German licensees have dropped their earlier licensee status, and there’s no indication that new ones will replace them. I suppose that one of the major tasks of IH will be to organize manufacturing, sales and distribution channels throughout the world.