SECURITIES FRAUD By Inductance Energy Corp, Quantum Energy INC, And Quantum Energy CORP
Three different companies of which Dennis M. Danzik has served as a top executive – namely, Inductance Energy Corp, Quantum Energy Inc, and Quantum Energy Corp – have clearly engaged in securities fraud, by making blatantly false, deceptive and fraudulent claims regarding the electric motor they have called an “Earth Engine” or “Photon Engine.” All three companies have falsely claimed that Danzik’s so-called “Earth Engine” or “Photon Engine” is a revolutionary device powered by “Asymmetric Magnetic Propulsion,” when in fact it is simply a type of electric motor, powered entirely by electricity. In this article we will review some of the false and deceptive statements made by each of the three companies which can still be found online.
I. Inductance Energy Corporation
“The Byron Town Council unanimously voted to approve a $5 million Private Activity Bond Tuesday, Dec. 8 [2020], which will allow Inductance Energy – a Wyoming based energy company that says it has created a magnetic energy generator that is a major breakthrough in science – to build a facility within the city limits… The company states that it will bring 15 to 20 jobs to the Byron area and hundreds within the state of Wyoming.”
— Of course, Inductance Energy didn’t have any “major breakthrough” – only a major SCAM.
“Magnetic Propulsion” is not an energy source at all – let alone “the world’s most efficient” one.
Let’s look at the “Earth Engine” page of Inductance Energy’s website as of December 6, 2020:
“Powering humanity using Magnetic Propulsion, the world’s most efficient energy source”
“Earth Engine is the world’s first and only power source propelled by Asymmetrical Magnetic Propulsion. It can generate electricity, operate liquid pumps, air compressors, and other mechanical devices 24 hours a day, 365 days a year. It is fully independent of the power grid and offers significant cost savings over other technologies. Earth Engine creates constant, reliable, and renewable energy.”
“Earth Engine is in production”
“Earth Engine is the solution to the fatiguing, overloaded, and in some countries, non-existent utility infrastructure.”
“How much energy does it produce?”
“Earth Engine is capable of producing 25+Kw of mechanical energy. This energy can be used to generate electricity, operating pumps, compressors, and other mechanical devices.”
“How does this compare to other energy sources?”
“Earth Engine is the only known power source propelled by Asymmetrical Magnetic Propulsion, producing energy that can be applied to generating electricity, and operating pumps, compressors, and other mechanical devices. With its massive list of features that set it above the competition. Earth Engine does not consume any fossil fuels, it does not run on the sun, the wind, hydro, bio-fuels, or radioactive fuel sources. It can run 24 hours a day, 7 days a week, 365 days a year creating constant energy unlike renewable technologies such as solar and wind. It is not reliant on a reaction, or burning of fuel source.”
— Notice that there is no mention of any need for solar panels, “Photon Power” or “photonics” in any of this! The “Earth Engine” needs nothing more than the “Asymmetric Magnetic Propulsion!”
But “magnetic propulsion” is not an energy source. The “Earth Engine” / “Photon Engine” is simply a type of electric motor, powered only by electricity and not by magnets. Inductance Energy’s blatantly false and fraudulent claims regarding their so-called “Earth Engine” (now renamed the “Photon Engine”) clearly amount to securities fraud by Inductance Energy Corporation.
II. Quantum Energy INC
In April 2023, a presentation regarding Quantum Energy’s so-called “Direct Energy System” was given to potential investors at the Planet MicroCap Showcase in Las Vegas by a Quantum Energy executive named Dustin Hamby. This presentation included claims and statements so blatantly false and misleading that they clearly amount to securities fraud by Quantum Energy Inc.
Describing Quantum’s energy system, Hamby says: “The technology is disruptive – it changes the way people look at power… This… reduces those costs further. It doesn’t have to have the sun, the wind, or any other fuel source to generate that electricity.”
– This is the same blatantly false claim that Dennis Danzik made for his “Earth Engine” for years, before renaming it as the “Photon Engine.” It rests on Danzik’s false claim that the “Engine” is actually powered by the “Magnetic Propulsion” provided by permanent magnets. In fact, the “Photon Engine” is simply an unconventional and inefficient type of electric motor. It is not powered by magnets at all. It is powered entirely by electricity. The electricity that powers it can only be generated through the use of the sun, the wind, or some other source of energy. The “Direct Energy System,” in essence, uses a type of electric motor to spin an alternator to generate electricity. The alternator will not produce more electricity than the electric motor consumes. Therefore there is nothing “disruptive” about the system. It will not “change the way people look at power,” and it will not “reduce costs.”
Hamby says: “Our IP is very strong, being the world’s first magnetic propulsion system that can generate electricity… that can deliver that electricity with zero emissions at a very low cost”
— This very misleading statement again rests on Quantum’s false pretense that Quantum’s so-called “Photon Engine” is a “revolutionary” device powered by “magnetic propulsion,” when in fact it is simply an unconventional and inefficient type of electric motor, powered by electricity.
Hamby says: “We have one of our Photonics systems that illustrates how we are recapturing voltage – wasted photons when we’re lighting a room. This voltage and amperage is utilized to run the control systems in our magnetic propulsion engines, which I’ll show you next.”
— This deceptive and misleading statement involves the same deception that we find in Danzik’s many videos on the Quantum Energy youtube channel. Quantum’s so-called “magnetic propulsion engine,” the “Photon Engine,” is simply a type of electric motor, powered entirely by electricity and not by magnets. The “recaptured voltage” from electric lights does not merely “run the control systems” of the electric motors which Quantum deceptively calls “magnetic propulsion engines” – it actually powers them.
Hamby says: “Why Quantum? We’re breakthrough technology… The renewable energy sector, their projects – solar projects, wind projects – they’re getting delayed because they don’t have transmission. Our solutions fix that. We don’t have to have transmission lines, because we’re creating the power where it’s consumed. We don’t need any sun, wind, hydro, it’s just the pairing of the permanent magnets.”
— This is yet another blatantly false and misleading statement. Quantum’s so-called “Photon Engine” is a type of electric motor, powered by electricity and not by magnets. Quantum does indeed need sun, wind, hydro, or some other source of energy to generate the electricity that powers the electric motor that they call a “Photon Engine.”
In the interest of brevity, I have quoted above only a few of the many false and misleading statements made by Hamby in his presentation, which was false and misleading from beginning to end.
The false and misleading claims and statements regarding Quantum Energy’s so-called “Direct Energy System,” in the presentation given in April 2023 by a Quantum Energy executive, to potential investors at the Planet MicroCap Showcase, clearly amount to securities fraud by Quantum Energy Inc.
III. Quantum Energy CORPORATION
Quantum Energy’s claim that their so-called “Photon Engine” is powered by “magnetic propulsion” is false and fraudulent. The so-called “Photon Engine” is an unconventional and inefficient type of electric motor, powered by electricity, and not by magnets or magnetic propulsion. The magnets of the “Photon Engine” motor merely help to convert electric energy to kinetic energy. QEC’s claim that the “Photon Engine” is powered by magnetic propulsion amounts to securities fraud by Quantum Energy Corporation, in my opinion.
A conventional electric motor replenishes the configuration energy of the motor during each cycle by reversing or alternating the flow of electricity in the rotor or stator. Danzik’s motor replenishes the configuration energy in a quite different (and less efficient) way: by using an electric actuator or servo motor to reposition the entire stator. Nonetheless, it is simply an electric motor. In both cases, “magnetic propulsion” merely converts the configuration energy of the motor to kinetic energy, and does not “power” the motor. The replenished configuration energy comes from the consumed electric energy and not from the magnets.
On October 14 2023, Dennis Danzik, the CEO of QEC, finally admitted that QEC’s “Direct Energy System” actually does NOT “amplify energy,” as he had previously indicated in videos posted on the Quantum Energy youtube channel. Danzik stated:
“In fact Quantum’s Direct Energy System increases the SIGNAL (voltage), not ‘energy’ in the specific scientific term, which many people use in generality.”
But only two weeks after this clear admission by QEC’s CEO, QEC nonetheless repeated in a press release the false claim that QEC’s so-called “Photon Engine” can “amplify energy.” QEC’s press release stated:
“Quantum’s Direct Energy Systems include an entire Suite of electrical energy producing products, including groundbreaking photonic energy systems which include: … Photon Engine – a revolutionary magnetically assisted flywheel energy storage system that increases the electrical “signal” (voltage), so that energy stored from the passive, or photonic side of the direct energy system, can be then amplified to an integrated storage system…”
The so-called “Photon Engine” – a type of electric motor – certainly does NOT “amplify energy,” and even QEC’s CEO Danzik himself finally admitted that it does NOT “amplify energy,” only two weeks before the press release was published. The false claim in QEC’s press release of November 1 2023 amounts to securities fraud by Quantum Energy Corporation.
Apart from fraudulent press releases, QEC has also posted many highly deceptive and misleading videos on the “Quantum Energy” YouTube channel, designed to persuade viewers to believe Quantum’s false claim that the “Earth Engine” or “Photon Engine” is a revolutionary device powered by “Magnetic Propulsion,” when in fact it is a type of electric motor, powered by electricity. Even the titles and posted descriptions of these videos are deceptive.
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