Thanks to kazmroz for the following post on the Always Open thread regarding an update from Brilliant Light Power.
“New “Executive Summary” pdf as of May 23
The latest Executive Summary pdf has extensive changes from the last one at archive.org dated October 2021.
Founded October 1991
1244 C Delaware Corporation (cap table attached)
Headquarters in Cranbury NJ
1200 shareholders (all accredited, hedge funds, corporate, family offices, personal wealth)
Founder, CEO & President Randell Mills 63%, others 1% or less
10 generations of technology to achieve 1st in class TPV-SunCell®
$140M invested
80+ patents worldwide, 100+ patent applications
10 employees
$10M cash with a burn rate of $3.5M/y”
https://brilliantlightpower.com/pdf/Executive_Summary.pdf
“10 employees”
The main page of the BrLP site, under Facilitie and Employees, has listed:
“Currently, the Company has twenty-two employees”
A few weeks ago BrLP was listed by an investment firm as having 20 employees.
Why the different numbers of employees? Is it due to the number of employees being in flux as the Suncell project transitions from development to mass production and they had not yet gotten around to updating those numbers on the main page of their site?
Or is it due to having no more work for the employees that were needed only for developing the Suncell and now that the Suncell is to be mass produced, BrLP needs only top management and only a few tech people which will be manufacturing engineers as required for liason with outside mass manufacturers.?
The positions advertised on the BrLP site will then be for work required for later projects, such as developing the MHD version of the Suncell and ongoing basic research; maybe?
“To date, the Company [BrLP] has licensed the rights to produce approximately 8,250 MW of new electrical power to seven companies, including five electrical utilities and two independent power producers.”:
As found under the last heading of
“THERMAL BUSINESS AND LICENSING”
https://brilliantlightpower.com/blacklight-innovation-inc/
These are 7 companies who have actually signed lease contracts, out of a potential 40 who were holding out on signing anything until there was proof positive of claims about the hydrino reaction, by way of long term power production in pilot plants. So those pilot plants had results, to date, worth convincing at least 7 hard nosed businesses, now lessees.
