Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Some Company FAQ'S
1. Do you have manufacturing plants and when will factories be ready in my area?
A. Las Vegas is our pilot plant and is changing from the Research and Development facility into being the first Micro Factory. We are currently producing products here. We are negotiating Micro factories and Full size factories in several locations at present. Keep checking our website where we will post the latest news.
2. What are the requirements to be a joint venture manufacturer and partner?
A. Structures are seeking qualified companies, Groups or individuals who are financially capable of assisting with funding each factory location. We have developed two ranges of factories: Micro and Mini factories have one machinery package and Full size to Mega Factories have specific machinery packages to be purchased in the joint venture. Contact Structures President Andrew Dennis for further information and terms.
3. Do you have all code approvals yet nationwide?
A. Not yet, however we are currently underway with numerous approvals through ICC/ES (ex ICBO) and ASTM testing.
4. Can I get samples?
A. Samples of all product lines are available to be seen at the Las Vegas facility, call for an appointment and tour.
5. Does GigaCrete or Stuccomax use any Portland cement?
A. NO.
6. Can I put Stuccomax over my existing stucco?
A. Yes. Follow conventional codes and practices.
7. Is Stuccomax mixed and applied with conventional tools and equipment like stucco sprayers or hand trowels.
A. Yes, everything is the same.
8. Can Stuccomax be used for other things other than stucco?
A. Yes, Stuccomax can be used as a rock hard coating over drywall, brick, block, concrete, wood, polystyrene or polyurethane foam, mesh over foam, mesh over paper, expanded metal mesh over metal buildings, and directly over GigaCrete. Stuccomax ?MegaPatch? road and runway patch can also be used as a concrete repair and patching mix. It dries quickly and will be over 8,000 psi when fully cured. Stuccomax ?MegaProtector? is a fine finish interior plaster that will coat drywall or plaster with an extremely hard coating designed to resist damage caused by abusive tenants. It is also fire resistant, kick and gouge resistant and virtually impossible to knock nails into. It can be used on floors, walls and ceilings.
9. What textures does Stuccomax come in?
A. Stuccomax comes in fine plaster finish for interior and exterior applications and sand texture which will give numerous textures from smooth to Spanish lace when applied correctly.
10. Does Stuccomax come in colors?
A. Yes, we are developing a standard range integral to the mix or you can add oxides common to the industry. Stuccomax is a light natural cement color prior to adding pigments.
11. Can GigaCrete be used for other things like roads, side walks, bridges and foundations?
A. NO, GigaCrete could be, but this is not in the companies immediate plans. However Stuccomax ?MegaPatch? road and runway patch can also be used as concrete repair and patching mix. It dries quickly and will be over 8,000 psi when fully cured.
12. Can only specialized people use your products?
A. No, Stuccomax can be applied by anyone with suitable skills. However, the best results should be expected from professionals or trained installers. Structures in-house expert and Master Plasterer, Mark Price will be scheduling training classes at the Las Vegas facility. E-mail info@structuresusa.com for information. GigaCrete panels can be installed easily by unskilled labor with a Structures trained supervisor.
13. Can I get more info like brochures on the products?
A. Yes, electronically. Structures will e-mail files to be downloaded and printed as needed; we rarely utilize the slow postal service and we are an environmental company choosing to avoid the cutting of trees and unnecessary use of paper
14. Does this put concrete workers out of jobs?
A. No, in fact just the opposite! Structures factories are capable of creating up to 27 homes per shift/day. Each of which need roads, driveways and concrete foundations. Many times more than can be built in the same timeframe using wood, steel or masonry construction. Concrete Companies are ideal partners.
15. Does this create jobs?
A. Absolutely yes, many times more than conventional construction. If we can produce as many as 27 homes per factory per shift/day, as opposed to maybe one house per week done conventionally; this means just as many tradespersons such as site workers, panel installers, plasterers, drywallers, roofers, painters, electricians, plumbers, carpenters, cabinetmakers, fixture manufacturers and installers, carpet layers and manufacturers, tile layers, landscapers, drivers, and the list goes on, are needed to complete the homes. Thousands more jobs are created. Structures are planning on locating Micro factories in nearly every major city and Full size factories in high growth and Hurricane prone regions.
Otterman..agree with you on the product potential. I feel this has limitless applications in EVERYDAY life.
Once the products are available to the tradespeople in the construction industry, demand will snowball. This is the largest industry in the world, covers every economic strata of society, has an ageless history in every culture and has an ongoing and infinite future potential.
Structures USA offers products adaptable to varying building practices, incorporates local waste products into the mixtures, is non-toxic and structurally superior to many present technologies.
Power Technology Inc/CN
filed after 5pm ET on Wednesday, 9/29/4, a 5-document, 28-page 'S-8'
Registration of Securities to be Offered to Employees Pursuant to an Employee Benefit Plan -- Form S-8
effective as of Thursday, 9/30/4
filed as of Thursday, 9/30/4
________________________________________________________________
This filing: 'S-8' -- # 0001144204-04-015383 @ 040929-232831 --
http://www.secinfo.com/$/SEC/Filing.asp?D=12TC3.1fZx&CIK=1066978
Filer: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
You really need a strong constitution holding this stock. A plus or minus 30% in a day can be hard on the ol' stomach muscles.
I did add to my position today at .34, GLTAL!
OT...Hi Everyone , I started a new board for Strucures USA, trades as STUS. I like the product and the longterm potential. Check it out, Thanks
Gary
LAS VEGAS, NV, Sep. 21, 2004 (MARKET WIRE via COMTEX) -- Structures USA Inc., (OTC: STUS) on the stock exchange and a Nevada Corporation with several new construction technologies aimed at affordable housing, has entered into discussions with several of Central America's largest construction companies. A group of the largest builders in Colombia, Honduras and El Salvador are to visit the Las Vegas facility in the next few weeks to see the new developments in low-cost, mass-production technologies developed by Structures. Central American countries have a need for hundreds of thousands of immediate houses, according to Global Housing Resources.
About Structures:
The company has invented a new type of lightweight concrete called GigaCrete that is cast into forms to make liftable panels. The panels are rapidly assembled to make buildings of all types including affordable housing. GigaCrete uses waste ash and other fillers found locally to create a pourable, castable material that looks and feels like concrete but is a fraction of the weight. The panels are connected together rapidly, forming walls, floors and roofs. A small house can be erected in hours or days with supervised unskilled labor. The cost savings are enormous, and the GigaCrete houses are totally fireproof, hurricane and earthquake resistant, insect proof and very safe.
Andrew Dennis, President and Founder of Structures, says, "One of the biggest markets in the world is low-cost housing, and many U.S. firms have stayed clear of this because they just cannot compete using our typical way of building. Structures have created something that takes their country's waste materials such as power plant ash, sawmill wastes or agricultural waste, and we have turned it into a concrete-like composite. These materials are often free and in great abundance and we even save space in the local the landfills. We are an environmentally conscious company; we don't cut down trees and will only use sawdust if it is destined to be burned or buried."
Structures have invented several products, including Stuccomax, a single-coat bullet resistant stucco that has a compressive strength of over 8,000 psi exceeding even conventional concrete. Stuccomax feels like a ceramic coating on a house and does not shrink or crack like conventional stucco. Central America has used stucco and adobe finishes for hundreds of years, and Structures sees this as a potentially enormous marketplace for each of their products.
For further information please refer to the company website. www.structuresusa.com
E-mail andrew@structuresusa.com.
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital. Receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update information contained in any forward-looking statement.
Contact:
Andrew Dennis
Structures USA Inc.
702-651-6161
andrew@structuresusa.com
SOURCE: Structures USA Inc.
Copyright 2004 Market Wire, All rights reserved
Hi Otterman, thanks for dropping by. I had talked to Andrew last week in regards to the share count and was informed that the float is about 60 mil and that the balance is controlled directly by Andrew or insiders.
hi Ninjaturtle, welcome to ihub and welcome to the STUS board. You certainly have done your homework and I appreciate your input.
OT.. I just started a new board for a stock, STUS ..Structures USA. I feel this has a lot of potential for the world maket. Besides it is 1/4 the weight and 1/2 the cost of competing products, how can I go wrong? HMMM, where have I heard that before, lol! They even have some guy holding up a 3'x3'x4" piece of product.
Wall Street News Alert: STUS Develops Hurricane Resistant Stucco Coating!
WESTON, FL - MARKET WIRE - 09/14/04 Wall Street News Alert?s ?stocks to watch? this morning are: Structures USA Inc (OTC: STUS), Intel Corporation (NASDAQ: INTC), Broadcom Corporation (NASDAQ: BRCM) and Microsoft Corporation (NASDAQ: MSFT).
Aggressive investors and traders will be watching Structures USA Inc (OTC: STUS) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has developed a stucco coating so tough it can resist hurricane force winds and flying debris!
This could be great news for investors! Stuccomax, as it is called, has a comprehensive strength of 8000 PSI, more than double that of typical concrete and is capable of stopping many bullets and or shotgun blasts. Designed as a single coat stucco finish for exteriors of buildings, Stuccomax is so hard it is almost impossible to drive a nail into it and it does not shrink or crack like conventional stucco.
Investors watch this one! According to the press release, the interest in this product has been enormous, especially from contractors who only have to apply one coat of stucco which in turn save on labor costs. Conventional stuccos requires two to four applications and are the subject of shrinking which is a leading cause of cracks requiring costly repairs. Stuccomax can also be used to cover existing damaged finishes. Stuccomax is to be sold in bags through building products distributors across the country and is very affordable, at little more than conventional stucco.
The stock closed yesterday at around Forty-Five cents a share.
In case you are not familiar with the company: Structures (USA) is a research and development company specializing in new construction technologies aimed at high-speed, low-cost global construction. Founder Andrew C. Dennis has invented a new form of lightweight concrete that outperforms traditional concrete utilizing Portland cement as the binder. This new concrete matrix does not use Portland cement or sand and gravel and therefore does not have the inherent problems associated with that 2,500-year-old technology. The company?s web address is http://www.structuresusa.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Intel Corporation (NASDAQ: INTC) up 1.1% on 82 million shares traded, Broadcom Corporation (NASDAQ: BRCM) up 9.3% on 36.4 million shares traded and Microsoft Corporation (NASDAQ: MSFT) down 0.8% on 48.7 million shares traded.
Commentary:
?World oil prices shot higher on Monday as companies operating in the Gulf of Mexico braced for output disruptions from powerful Hurricane Ivan. Ivan, a rare Category 5 hurricane, is expected to cross the western edge of Cuba on Monday and enter the Gulf of Mexico on Tuesday, having veered west from its previous path toward Florida. The Gulf is home to about a quarter of U.S. oil and gas output," stated Mario Cardenas in Wall Street News Alert?s daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 25 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
****Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! ****
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSCF has been compensated Two Hundred Thousand shares of Structures USA Inc (OTC: STUS), by third parties (Alex Consulting Inc./Audra Inc.), who are non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has not sold any of those shares, as of this release. WSCF may intend to immediately begin or continue selling its shares as this release is being circulated. WSCF may receive additional shares for extension of its services. Any additional shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF?s services for a company may cause the company?s stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF?s selling of a company?s stock may have a negative effect on the market price of the stock. Market commentary provided by Mario Cardenas.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
Copyright © 2004 Market Wire
News Copyright © 2004 Interest!ALERT All rights reserved.
Welcome everyone to the Structures USA Board. Feel free to post on-topic information and opinions.
Power Technology Inc/CN
filed after 5pm ET on Monday, 9/20/4, a 3-document, 18-page '10QSB'
Quarterly Report -- Small Business -- Form 10-QSB
for the period ended Saturday, 7/31/4
filed as of Tuesday, 9/21/4
________________________________________________________________
This filing: '10QSB' -- # 0001144204-04-014789 @ 040920-222311 --
http://www.secinfo.com/$/SEC/Filing.asp?D=12TC3.1EEa&CIK=1066978
Filer: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
Power Technology Inc/CN
released on Monday, 9/13/4, a 1-document, 2-page 'NT 10-Q'
Notice of a Late Filing of Form 10-Q or 10-QSB -- Form 12b-25
for the period ended Saturday, 7/31/4
effective as of Monday, 9/13/4
filed as of Monday, 9/13/4
________________________________________________________________
This filing: 'NT 10-Q' -- # 0001144204-04-014252 @ 040913-155245 --
http://www.secinfo.com/$/SEC/Filing.asp?D=12TC3.1dT3&CIK=1066978
Filer: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
________________________________________________________________
Hasher... How do you have the survey completed by 25 people and have a vote of 17 participants? And how can you be less redundant than redundant,LOL!
"This is a major milestone in the life of the company and I would like to personally thank our share(BAG)holders for their support."
Form 10QSB for UNIVERSAL ICE BLAST INC
16-Aug-2004
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis should be read in conjunction with the Company's interim consolidated financial statements included elsewhere in this Quarterly Report on Form 10-QSB (the "Quarterly Report") and with the Company's consolidated annual financial statements and management's discussion and analysis included in the Company's December 31, 2003 Annual report on Form 10-KSB (the "Annual Report").
Cautionary Statement - Certain forward-looking statements contained herein regarding the Company's business and prospects are based upon numerous assumptions about future conditions, which may ultimately prove to be inaccurate and actual events, and results may materially differ from anticipated results described in such statements. The Company's ability to achieve such results is subject to certain risks and uncertainties, such as the impact of competition and pricing, changing market conditions, general economic conditions, the Company's history of losses and need for additional capital and other risks. Forward-looking statements are identified by words such as believe, anticipate, expect, intend, plan, will, may, confident and other similar expressions. Any forward-looking statements contained herein represent the Company's judgment as of the date hereof. The Company disclaims, however, any intent or obligation to update such forward-looking statements. As a result, the reader is cautioned not to place undue reliance on any forward-looking statements contained herein.
Overview - The Company reports its revenues as sales of machines and accessories, or product sales, and as services and rental income. Services and rental income includes primarily cleaning services and income from the renting of equipment to customers who have not yet purchased Company equipment. Typically, the Company performs services at customer locations and receives rental income for equipment use and fees for time incurred. As the cost of monthly rental is significantly less than the purchase price of a machine, rentals have a much lower customer pricing hurdle to overcome and accordingly may be closed with a relatively higher frequency. Further, follow-on rentals are similarly more common and provide the basis for expectation of future revenues from the same customers. The Company has customers in industries including precision cleaning (automotive deburring applications), environmental cleaning (lead paint or asbestos removal), and industrial cleaning (marine cleaning), which are located in various locations throughout the United States (including New York, Ohio, Hawaii and Washington) and the world (including Canada, Holland, Japan and Australia).
The Company reports its costs and expenses as cost of revenues, research and development, selling and marketing, and general and administrative. Research and development costs consist primarily of compensation and related costs of personnel engaged in product design and enhancements and patent related costs. Selling and marketing costs relate to product sales and promotion and costs associated with responding to requests for proposals, including on-site demonstrations. General and administrative costs are comprised primarily of compensation and related expenses, occupancy and professional, legal, and accounting fees.
The Company has changed its business model during 2004 to a licensing strategy in the form of Marketing/Integration licenses and Manufacturing Licenses. The Company entered into five-year Market/Integration license agreement in January 2004 with a machine building company located in Ontario Canada to exclusively market the Company's products in Ontario to its customers and to utilize the Company's technology and know-how to integrate the Company's products with other products they offer. The Company received approximately $55,000 upon execution of the agreement and is to receive an additional $70,000 upon the sale of an ice blast machine. In addition, the agreement requires the company to make certain minimum future annual purchases of Ice Blast products. The benefits of licensing to marketing/integrators, includes relying on their core competency of machine building and total system integration with all automotive companies and their marketing and other relationships with these clients. The benefits of obtaining licensees to manufacture the Company's proprietary equipment are a reduction in cost and improvement in build quality. It is expected that the benefits will improve margins and provide a faster sales cycle.
Critical Accounting Policies - The Company's financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. Critical accounting policies for Universal Ice Blast include revenue recognition, accounting for research and development costs, and accounting for stock compensation expense, as well as the preparation of the financial statements on a going concern basis.
Revenue Recognition - Revenue from the sale of stand alone Ice Blast machines and accessories to end users and distributors are shipped FOB shipping point at which time the title passes and revenue is recognized. Where customers require installation services and operational acceptance, shipment is FOB destination and revenue is recognized upon acceptance by the customer. Revenue from services is recognized as the services are provided. Revenue from the rental of Ice Blast machines is recognized over the rental period based on the terms of the rental agreements.
Research and Development Costs - Research and development costs are charged to expense as incurred. These costs primarily consist of salaries, development materials, supplies and related costs of personnel directly involved in the research and development of new technology.
Stock-Based Compensation - The Company applies Accounting Principles Board Opinion No. 25, Accounting for Stock Options Issued to Employees," and related interpretations including Financial Accounting Standards Board Interpretation No. 44, Accounting for Certain Transactions Involving Stock Compensation. The Company accounts for stock-based compensation to employees using the intrinsic value method, whereby compensation cost is recognized when the exercise price at the date of grant is less than the fair market value of the Company's common stock. The Company discloses the proforma effect of compensation cost based on the fair value method for determining compensation cost. The value of stock-based compensation awarded to non-employees is determined using the fair value method. Compensation cost is recognized over the service or vesting period.
Results of Operations
Three months ended June 30, 2004 compared to three months ended June 30,, 2003
During the three months ended June 30, 2004, revenues decreased to $44,000 as compared to $102,000 for the three months ended June 30, 2003. Second quarter 2004 sales of machines and accessories decreased to $5,000 from $14,000 during the comparable prior year period. Service and rental income decreased approximately $53,000 to $36,000 compared to $89,000 in the second quarter of 2003. No machines were sold during either period and revenues represent sales of miscellaneous accessories and rental revenue.
Gross profit decreased to $30,000 for the three months ended June 30, 2004 from $64,000 for the comparable 2003 period due primarily to the reduction in service and rental income. During the second quarter of 2004, the Company revised its estimate of the cost of goods sold for four machines sold during the quarter ended March 31, 2004 such that cost of goods sold for the six months ended June 30, 2004 included a reduction of approximately $33,000 for the correction of assets assigned to these sales as of March 31, 2004. Gross profits from services and rental income decreased to $26,000 or 72% of revenue during the three months ended June 30, 2004 as compared to $50,000 or 57% during comparable period of 2003. Service and rental volumes were reduced in 2004, however a higher mark-up was achieved on the services provided.
Professional fees increased to $123,000 for the three months ended June 30, 2004 from a credit of $158,000 for the comparative prior year period. Approximately $88,000 of the 2004 expense consisted of stock-based compensation expense recorded in connection with issuances of equity securities to financial advisors. During the second quarter of 2003, the Company's Board of Directors cancelled approximately 4.4 million shares of common stock previously issued to consultants. As a result, approximately $239,000 of expense recorded in the first quarter of 2003 was reversed in the second quarter, thereby generating a net credit in second quarter 2003 professional fees.
For the three months ended June 30, 2004, general and administrative expense decreased 84% to $36,000 from $219,000 during the comparable period of 2003, primarily due to reduced compensation costs.
Research and development expenses increased 64% to $77,000 during the three months ended June 30, 2004 as compared to $48,000 during the comparable period of 2003, primarily as a result of the Company's increased use of research consultants during 2004.
Selling and marketing expenses decreased to $30,000 for the three months ended June 30, 2004 as compared to $57,000 for the comparable 2003 period. The decrease in selling and marketing expenses is attributable primarily to reduction in travel related to work with Ford in 2003.
The Company's operating losses increased to $203,000 for the three months ended June 30, 2004 as compared to $103,000 for the comparable 2003 period. The increase was primarily the result of the effect of the reversal of professional fees un the second quarter of 2003 which reduced the 2003 operating loss by approximately $239,000. Management anticipates incurring additional future operating losses through the remainder of 2004.
During the quarters ended June 30, 2004, and 2003, the Company recorded interest income in the amount of $25,000 and $19,000, respectively in connection with Shareholder notes receivable. The 2004 interest relates only to interest receivable from the Company's Chief executive Officer in the aggregate amount of approximately $514,000.
Interest expense decreased to $6,000 for the three months ended June 30, 2004 as compared to $21,000 for the comparable prior year period. This decrease is primarily the result of repayments on debt and leases.
Six months ended June 30, 2004 compared to six months ended June 30, 2003
During the six months ended June 30, 2004, revenues increased to $190,000 as compared to $135,000 for the six months ended June 30, 2003. The increase relates to the sale of four machines during 2004 as opposed to the comparable 2003 period when no machines were sold, offset by a decrease in service and rental income.
Gross profit increased to 125% to $155,000 for the six months ended June 30, 2004 from $69,000 in 2003. As a percent of sales, gross profit increased to 82% during the six months ended June 30, 2004 as compared to 51% during the comparable period of 2003. Gross profits on machine and accessory sales were $112,000 or 90% of revenues during 2004 to compared to $16,000 or 77% in 2003.
The increase relates to the fact that the four machines sold in 2004 were transferred from fixed assets and carried a net book value of approximately $6,000, thereby generating a profit of over $100,000. Gross profits from services and rental income decreased to $37,000 or 62% of revenue during the six months ended June 30, 2004 as compared to $52,000 or 46% during comparable period of 2003. Service and rental volumes were reduced in 2004, however a higher mark-up was achieved on the services provided
Professional fees decreased 71% to $163,000 for the six months ended June 30, 2004 from $556,000 for the comparative prior year period. Substantially all of the 2003 expense consisted of stock-based compensation expense recorded in connection with the issuance of equity securities to financial advisers. The Company employed fewer consulting services during 2004.
For the three months ended June 30, 2004, general and administrative expense decreased 46% to $240,000 from $444,000 during the comparable period of 2003, primarily due to reduced compensation costs.
Research and development expenses increased 8% to $96,000 during the six months ended June 30, 2004 as compared to $89,000 during the comparable period of 2003, primarily the result of the Company's increased use of research consultants during 2004.
Selling and marketing expenses decreased to $33,000 for the six months ended June 30, 2004 as compared to $96,000 for the comparable 2003 period. The decrease in selling and marketing expenses is attributable primarily to reduction in travel related to work with Ford in 2003.
The Company's operating losses decreased to $378,000 for the six months ended June 30, 2004 as compared to $1,115,000 for the comparable 2003 period. The decrease was primarily the result of the $87,000 increase in gross profits due to the 2004 machine sales offset by reductions in professional fees and general and administrative costs. Management anticipates incurring additional future operating losses through the remainder of 2004.
During the six month periods ended June 30, 2004, and 2003, the Company recorded interest income in the amount of $25,000 and $38,000, respectively in connection with Shareholder notes receivable. The 2004 interest relates only to interest receivable from the Company's Chief executive Officer in the aggregate amount of approximately $514,000.
The Company has a $514,050 note receivable from its former President, which was collateralized by the Company having an interest in the 3,450,000 shares purchased with the note receivable. Management of the Company became aware that the underlying stock had been sold. The Company is pursuing collection of the note receivable and anticipates that a settlement arrangement will be agreed to in 2004, and that such agreement will include, among other things, an offset of advances payable and deferred officers compensation. Included in other assets at June 30, 2004, are notes receivable of $514,050 and interest receivable of approximately $25,000, net of advances payable of
approximately $70,000 and deferred officer compensation of $121,500, together having a total of approximately $348,000, before reduction for impairment. On the basis of forecast cash flows considered probable of collection of this note receivable, the Company recorded a provision for impairment of notes receivable of approximately $354,000 during the six months ended June 30, 2004.
Interest expense decreased to $14,000 for the six months ended June 30,, 2004 as compared to $39,000 for the comparable prior year period. This decrease is primarily the result of repayments on debt and leases.
Financial Condition, Liquidity and Capital Resources
The Company's working capital deficit was $ 925,000 and its stockholders' deficit was $ 1,132,000 at June 30, 2004. As of June 30, 2004, the Company had cash and cash equivalents of $1,373. During the six months ended June 30, 2004, operating activities used cash of $18,000 as compared using cash of $229,000 during the comparative 2003 period. Cash used by operating activities resulted primarily from the Company's net loss reduced by working capital movements, as well as depreciation, amortization and other non-cash charges, such as the issuance of stock in exchange for goods and services. The Company used cash of $24,000 for capital expenditures during the six months ended June 30, 2003 as compared to no capital expenditures for 2004. The Company has no significant commitments for future purchases of capital assets.
Financing activities used cash of $16,000 during the six months ended June 30, 2004 as compared to providing cash of $250,000 during the comparable period of 2003. Cash has been provided primarily from sale of Company Common Stock and the issuance of notes payable to lenders. Sales of Common Stock provided $56,000 and $299,000 during the six months ended June 30, 2004 and 2003, respectively. Repayments on notes payable for 2004 was $45,000 and $21,000 in 2003. Payments on capital lease obligations used cash of $26,000 and $28,000 in 2004 and 2003, respectively. Long-term debt repayments were $0 and $10,000 in 2004 as compared to 2003. The Company used to borrow and repay, on a revolving basis, cash advances from its two founders and officers. Repayments were $34,000 during 2003.
The Company is actively pursuing marketing arrangements for their products in the precision, environmental and industrial cleaning markets. The Company intends to change its commercial arrangements from that of manufacturer of ice blast systems to that of licensor, licensing the rights to build and sell Ice Blast products to others, including competitors of the Company. Additionally, the Company's business plans to include long-term rental income into the industrial markets, would reduce the reliance on the automotive markets. The intended result of this change in business model is to reduce the requirement for working capital and improve cash flows and profitability through reduction of administrative and selling costs.
The Company's future existence is dependent upon its ability to achieve profitable operations and generate cash from operating activities, and upon obtaining additional financing. There is no assurance that the Company will be able to generate sufficient cash from operations or through the sale of additional shares of common stock or additional borrowings.
The revised business strategies reduces the cash demands that was required in prior years, however, it is still necessary that the Company raises sufficient capital to fund working capital needs, debt service and the cash flow deficits expected to be generated by future operating losses. Current cash balances, the realization of accounts receivable, cash received from the sale of common stock, and cash received from licensees upon entering into license agreements will not be sufficient to fund the Company's current business plan beyond the third quarter of 2004. Consequently, the Company is currently seeking convertible debt and/or additional equity financing in the aggregate amount of at least $300,000, to fund the Company's immediate liquidity needs. Management is currently negotiating with existing shareholders as well as other individuals and organizations in order to obtain the working capital necessary to meet both current and future obligations and commitments. There can be no assurance that the Company will be able to raise additional capital on satisfactory terms or at all. In the event that the Company is unable to obtain such additional capital or to obtain it on acceptable terms or in sufficient amounts, the impact thereof would have a material adverse effect on the Company's business, operating results and financial condition as well as its ability to service debt requirements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
As disclosed in an explanatory paragraph in the Report of Independent Accountants on the Company's consolidated financial statements included in this Annual Report, the foregoing liquidity and financial conditions raise substantial doubt about the Company's ability to continue as a going concern.
OT.. I have been following this company for a few years even wrote them last year. A great new spin on 200 year technology. Sorta what I foresaw for PWTC,LOL!
Stirling engine power plant earns big win for Whisper Tech
Getting paid to use electricity need not be a fantasy -- provided you have a 'WhisperGen' at the heart of your house.
Christchurch manufacturer Whisper Tech has just secured a $300 million contract to supply tens of thousands of its revolutionary 'personal power stations' to the United Kingdom.
Each WhisperGen, about the size of a washing machine, is installed in a home and uses natural gas to produce electricity while it is heating water. The units are capable of heating a family home through a network of water filled radiators -- but they generate surplus energy for other household uses, as well.
And any energy the householder doesn't use can be fed back into the grid for credit, according to WhisperTech.
The multi-million dollar agreement, which includes an immediate manufacturing order worth $10 million, is with E.ON UK ?the company that runs Powergen, the UK's second largest energy retailer with almost nine million electricity and gas customer accounts. E.ON UK's parent company in Germany is the world's largest investor-owned energy company, WhisperTech said.
At the core of the WhisperGen is a Stirling engine, perhaps the most revolutionary generator of all time -- but one that, despite having been around for 200 years, has never been brought to commercial readiness.
Until now.
WhisperTech said is has a design that is suitable for mass production as an affordable household appliance.
The UK market has always been a prime target for Whisper Tech because natural gas is widely used and most UK homes have a boiler linked to water filled radiators -- that is, they are pre-configured for optimal impact.
E.ON said its customer research indicates that the WhisperGen is attractive to consumers because it is highly efficient, can generate electricity and it lowers the overall power bill for an average UK home by $450-600 a year.
Because of its high efficiency, the WhisperGen also has major environmental benefits, including reducing carbon dioxide emissions by one to two tonnes per household per year.
E.ON, through its Powergen brand, has been trialling the WhisperGen for five years.
"Over the coming years, the home energy services sector will become an integral part of Powergen's business and WhisperGen will form a crucial part of that. It's tremendously rewarding to be in the position to offer Powergen's domestic customers the option of this unique and revolutionary cost-effective and environmentally friendly technology," said Peter Westwood, general manager of Powergen.
According to Whisper Tech general manager Bill Highet, the WhisperGen has the potential to revolutionise power supply options for the home market. "Just as most homes these days have a personal computer, we believe it will become equally commonplace for homes to have their own personal power station."
Bill Highet describes the E.ON order as 'just the beginning'. "The potential is enormous ?in the UK alone there are over 12 million homes that are ideally suited for micro CHP."
He says there is also huge potential for Whisper Tech to make sales in other countries. "We're finalising deals in several other European countries but at an international level the full potential of the WhisperGen can't be fully realised until we're mass manufacturing. One thing that is certain ?the WhisperGen represents serious competition for the six million domestic boilers sold in Europe each year."
Whisper Tech will undertake initial low volume manufacturing at its Christchurch plant, but parts of the manufacturing process will increasingly transition to third parties.
"We expect it will take three to four years to evolve from Whisper Tech's current small scale manufacturing set-up to an international mass manufacturing operation suited to E.ON's requirements," says Bill Highet. "This will involve a structured international search and will probably see the WhisperGen being produced by international partners involved in engine and other high volume manufacture."
Job numbers at Whisper Tech will remain around the current level of about 100. "It's our expectation that research and development will remain in Christchurch producing prototypes of new products and ongoing refinements to the WhisperGen," Bill Highet says.
"E.ON's order has secured Whisper Tech's future. It's been a huge boost for our staff and is the ultimate recognition that their work is world class and that they've all had a part to play in developing a product that's revolutionary.
"We're also very pleased to finally deliver some returns to our major shareholders, Orion New Zealand Limited and Meridian Energy Limited" says Bill Highet. "Orion in particular has backed us financially for 10 years and their support has been critical to our success. They own 47 per cent of Whisper Tech and are themselves owned by the Christchurch City, Selwyn and Banks Peninsula District Councils ?so the ultimate benefactors of any profits Orion receives long term are actually ratepayers throughout central Canterbury."
13-Aug-2004
Sorry did not have time to read it, not sure if it is a duplicate from yesterday!
Walter Bernard J
released on Wednesday, 7/21/4, a 1-document, 2-page '3'
Initial Statement of Beneficial Ownership of Securities -- Form 3
for the period ended Tuesday, 7/6/4
filed as of Wednesday, 7/21/4, with respect to
Power Technology Inc/CN
________________________________________________________________
This filing: '3' -- # 0001019687-04-001575 @ 040721-152705 --
http://www.secinfo.com/$/SEC/Filing.asp?D=V3p8.11h8&CIK=1297675
Reporting owner: Walter Bernard J --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1297675
Subject company: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
Walter Bernard J
filed after 5pm ET on Tuesday, 7/20/4, a 1-document, 5-page 'SC 13D'
General Statement of Beneficial Ownership -- Schedule 13D
filed as of Tuesday, 7/20/4, with respect to
Power Technology Inc/CN
________________________________________________________________
This filing: 'SC 13D' -- # 0001019687-04-001573 @ 040720-210859 --
http://www.secinfo.com/$/SEC/Filing.asp?D=V3p8.11Ha&CIK=1297675
Filed by: Walter Bernard J --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1297675
Subject company: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
Thanks Peter, that was priceless!
Now put your tongue in your ear and repeat after me...
" Your personal rants and raves and inability to spell even the simplest of words reeks from the ravaging rivers of rotten rivulets of rumor 'round your own rueful yet risque rigitiy of rightousness." LOL!!
Power Technology Inc/CN
released on Friday, 6/18/4, a 4-document, 13-page 'S-8'
Registration of Securities to be Offered to Employees Pursuant to an Employee Benefit Plan -- Form S-8
effective as of Friday, 6/18/4
filed as of Friday, 6/18/4
________________________________________________________________
This filing: 'S-8' -- # 0001019687-04-001372 @ 040618-150320 --
http://www.secinfo.com/$/SEC/Filing.asp?D=V3p8.11aj&CIK=1066978
Filer: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
________________________________________________________________
I have to agree with you PWTC being a Strong Buy, I have my order in for 100k, Glty! Not at .026 though(lower).
Power Technology Inc/CN
released on Monday, 6/14/4, a 4-document, 24-page '10QSB'
Quarterly Report -- Small Business -- Form 10-QSB
for the period ended Friday, 4/30/4
filed as of Monday, 6/14/4
________________________________________________________________
This filing: '10QSB' -- # 0001019687-04-001325 @ 040614-195846 --
http://www.secinfo.com/$/SEC/Filing.asp?D=V3p8.1192&CIK=1066978
Filer: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
______________________________________________________________
Balak Lee A
released on Wednesday, 6/2/4, a 1-document, 5-page 'SC 13D/A'
Amendment to General Statement of Beneficial Ownership -- Schedule 13D
filed as of Wednesday, 6/2/4, with respect to
Power Technology Inc/CN
________________________________________________________________
This filing: 'SC 13D/A' -- # 0001019687-04-001240 @ 040602-192324 --
http://www.secinfo.com/$/SEC/Filing.asp?D=V3p8.116n&CIK=1071925
Filed by: Balak Lee A --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1071925
Subject company: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
Balak Lee A
released on Wednesday, 6/2/4, a 1-document, 3-page '4'
Statement of Change in Beneficial Ownership of Securities -- Form 4
for the period ended Tuesday, 5/25/4
filed as of Wednesday, 6/2/4, with respect to
Power Technology Inc/CN
________________________________________________________________
This filing: '4' -- # 0001019687-04-001241 @ 040602-192402 --
http://www.secinfo.com/$/SEC/Filing.asp?D=V3p8.116m&CIK=1071925
Reporting owner: Balak Lee A --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1071925
Subject company: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
_________________________________________________________
Hi Otterman.. I sold 30k at .048, had a buy order in for 100k at .019 but didn't fill, should have gone for a little extra in hindsight. Not to worry there will be other ops! Still sitting with another 52k at .026.
All those not pizzed before should be boiling after reading the new filings. 10mil new shares to "consultants". What a frigging joke!
Power Technology Inc/CN
released on Monday, 4/26/4, a 5-document, 19-page 'S-8'
Registration of Securities to be Offered to Employees Pursuant to an Employee Benefit Plan -- Form S-8
effective as of Monday, 4/26/4
filed as of Monday, 4/26/4
________________________________________________________________
This filing: 'S-8' -- # 0001019687-04-000891 @ 040426-205533 --
http://www.secinfo.com/$/SEC/Filing.asp?D=V3p8.1Rk&CIK=1066978
Filer: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
Pegasaus, I am sorry that you bought at $2 and are now are sitting at 3 cents. My highest buy was .75, but have bought and sold this stock about 10 times over the last year and have recouped my losses. I'll take a $400 profit any day.
Pegasus... at least I was UP, sold 42k for a tidy 38 % profit. Will be prepared for a large flacid retreat to load up for the next eruption in price. Good luck to all!
They just moved the bid to .041 ask .05
I put up 30k at .0425 and they were gone in five minutes,hmmmm!
Is something up this morning? Bid .035 ask.05 Vol 214000 last .045
Rooster..Best comment, yet! LOL!
OT.... The Techno Maestro's Amazing Machine
Kohei Minato and the Japan Magnetic Fan Company
A maverick inventor's breakthrough electric motor uses permanent magnets to make power -- and has investors salivating
by John Dodd
When we first got the call from an excited colleague that he'd just seen the most amazing invention -- a magnetic motor that consumed almost no electricity -- we were so skeptical that we declined an invitation to go see it. If the technology was so good, we thought, how come they didn't have any customers yet?
We forgot about the invitation and the company until several months later, when our friend called again.
"OK," he said. "They've just sold 40,000 units to a major convenience store chain. Now will you see it?"
In Japan, no one pays for 40,000 convenience store cooling fans without being reasonably sure that they are going to work.
The maestro
The streets of east Shinjuku are littered with the tailings of the many small factories and workshops still located there -- hardly one's image of the headquarters of a world-class technology company. But this is where we are first greeted outside Kohei Minato's workshop by Nobue Minato, the wife of the inventor and co-director of the family firm.
The workshop itself is like a Hollywood set of an inventor's garage. Electrical machines, wires, measuring instruments and batteries are strewn everywhere. Along the diagram-covered walls are drill presses, racks of spare coils, Perspex plating and other paraphernalia. And seated in the back, head bowed in thought, is the 58-year-old techno maestro himself.
Minato is no newcomer to the limelight. In fact, he has been an entertainer for most of his life, making music and producing his daughter's singing career in the US. He posseses an oversized presence, with a booming voice and a long ponytail. In short, you can easily imagine him onstage or in a convertible cruising down the coast of California -- not hunched over a mass of wires and coils in Tokyo's cramped backstreets.
Joining us are a middle-aged banker and his entourage from Osaka and accounting and finance consultant Yukio Funai. The banker is doing a quick review for an investment, while the rest of us just want to see if Minato's magnetic motors really work. A prototype car air conditioner cooler sitting on a bench looks like it would fit into a Toyota Corolla and quickly catches our attention.
Seeing is believing
Nobue then takes us through the functions and operations of each of the machines, starting off with a simple explanation of the laws of magnetism and repulsion. She demonstrates the "Minato Wheel" by kicking a magnet-lined rotor into action with a magnetic wand.
Looking carefully at the rotor, we see that it has over 16 magnets embedded on a slant -- apparently to make Minato's machines work, the positioning and angle of the magnets is critical. After she kicks the wheel into life, it keeps spinning, proving at least that the design doesn't suffer from magnetic lockup.
She then moves us to the next device, a weighty machine connected to a tiny battery. Apparently the load on the machine is a 35kg rotor, which could easily be used in a washing machine. After she flicks the switch, the huge rotor spins at over 1,500 rpms effortlessly and silently. Meters show the power in and power out. Suddenly, a power source of 16 watt or so is driving a device that should be drawing at least 200 to 300 watts.
Nobue explains to us that this and all the other devices only use electrical power for the two electromagnetic stators at either side of each rotor, which are used to kick the rotor past its lockup point then on to the next arc of magnets. Apparently the angle and spacing of the magnets is such that once the rotor is moving, repulsion between the stators and the rotor poles keeps the rotor moving smoothly in a counterclockwise direction. Either way, it's impressive.
Next we move to a unit with its motor connected to a generator. What we see is striking. The meters showed an input to the stator electromagnets of approximately 1.8 volts and 150mA input, and from the generator, 9.144 volts and 192mA output. 1.8 x 0.15 x 2 = 540mW input and 9.144 x 0.192 = 1.755W out.
But according to the laws of physics, you can't get more out of a device than you put into it. We mention this to Kohei Minato while looking under the workbench to make sure there aren't any hidden wires.
Minato assures us that he hasn't transcended the laws of physics. The force supplying the unexplained extra power out is generated by the magnetic strength of the permanent magnets embedded in the rotor. "I'm simply harnessing one of the four fundamental forces of nature," he says.
Although we learned in school that magnets were always bipolar and so magnetically induced motion would always end in a locked state of equilibrium, Minato explains that he has fine-tuned the positioning of the magnets and the timing of pulses to the stators to the point where the repulsion between the rotor and the stator (the fixed outer magnetic ring) is transitory. This creates further motion -- rather than a lockup. (See the sidebar on page 41 for a full explanation).
Real products
Nobue Minato leads us to the two devices that might convince a potential investor that this is all for real.
First, she shows us the cooling fan prototype that is being manufactured for a convenience store chain's 14,000 outlets (3 fans per outlet). The unit looks almost identical to a Mitsubishi-manufactured fan unit next to it, which is the unit currently in wide use. In a test, the airflow from both units is about the same.
The other unit is the car air conditioning prototype that caught our eye as we came in. It's a prototype for Nippon Denso, Japan's largest manufacturer of car air conditioners. The unit is remarkably compact and has the same contours and size as a conventional unit. Minato's manufacturing skills are clearly improving.
The banker and his investment
Minato has good reason to complain about Japan's social and cultural uniformity. For years, people thought of him as an oddball for playing the piano for a living, and bankers and investors have avoided him because of his habit of claiming that he'd discovered a breakthrough technology all by himself -- without any formal training.
However, the Osaka banker stands up after the lecture and announces that before he goes, he will commit \100 million to the investment pool.
Minato turns to us and smiles. We brought him good luck, and this was his third investor in as many weeks to confirm an interest.
Bringing the tech to the table
With the audience gone, we ask Minato what he plans to do to commercialize the technology. His game plan is simple and clear, he says. He wants to retain control, and he wants to commercialize the technology in Japan first -- where he feels he can ensure that things get done right. Why doesn't he go directly to the US or China? His experiences in both countries, he suggests, have been less than successful. "The first stage is critical in terms of creating good products and refining the technology. I don't want to be busy with legal challenges and IP theft while doing that."
Still, the export and licensing of the technology are on his agenda, and Minato is talking to a variety of potential partners in other countries.
Whereas another inventor might be tempted to outsource everything to a larger corporation, part of what drives Minato is his vision of social justice and responsibility. The 40,000 motors for the convenience store chain are being produced by a group of small manufacturers in Ohta-ku and Bunkyo-ku, in the inner north of Tokyo -- which is becoming a regional rust belt. Minato is seized with the vision of reinvigorating these small workshops that until the 80s were the bedrock of Japan's manufacturing and economic miracle. Their level of expertise will ensure that the quality of the motors will be as good as those from any major company.
International prep
Despite his plan to do things domestically first, Minato is well prepared for the international markets. He is armed with both six years of living and doing business in Los Angeles in the early 90s -- and with patent protection for over 48 countries. His is hardly a provincial perspective.
His US experience came after playing the piano for a living for 15 years. He began tinkering with his invention in the mid-70s. The idea for his magnetic motor design came from a burst of inspiration while playing the piano.
But Minato decided to drop everything in 1990 to help his daughter Hiroko, who at the age of 20 decided that she wanted to be a rhythm and blues star in the US. Minato is a strong believer in family: If Hiroko was going to find fame and fortune in the US, Dad had better be there to help manage her. He suceeded in helping Hiroko to achieve a UK dance chart number one hit in 1995.
In 1996 Minato returned to Japan and his magnetic motor project. The following year he displayed his prototypes to national power companies, government officials and others at a five-day conference in Mexico City. Interest was palpable, and Minato realized that his invention might meet a global need for energy-saving devices.
Subsequent previews and speeches in Korea and Singapore further consolidated his commitment to bringing the invention to fruition, and he was able to bring in several early-stage investors.
During the late 90s, Minato continued to refine his prototypes. He also stayed in constant contact with his lawyer, registering patents in major countries around the world. Through his experiences in the US he realized that legal protection was critical, even if it meant delaying release of the technology by a couple of years.
Ironically, by the time he'd won patents in 47 countries, the Japanese patent office turned him down on the grounds that "[the invention] couldn' t possibly work" and that somehow he was fabricating the claims.
But a few months later they were forced to recant their decision after the US patent office recognized his invention and gave him the first of two patents. As Minato notes: "How typical of Japan's small-minded bureaucrats that they needed the leadership of the US to accept that my invention was genuine."
By 2001, the Minatos had refined their motors and met enough potential investors to enter into a major international relationship, initially with a Saudi company, to be followed thereafter by companies in the US and elsewhere.
However, fate dealt the investors and Minato's business a serious blow when the World Trade Center was attacked in New York. The Saudis retreated, and Minato's plans fell back to square one.
Now Minato is once again ready to move. With the first order in the works and more orders pending successful prototypes, he has decided that investors don't have to be primary partners. He is actively accepting inquiries from corporate investors who can bring strategic advantages and corporate credibility with them. His company, Japan Magnetic Fan, will make a series of investment tie-up announcements in the first and second quarters of 2004.
Implications
Minato's motors consume just 20 percent or less of the power of conventional motors with the same torque and horse power. They run cool to the touch and produce almost no acoustic or electrical noise. They are significantly safer and cheaper (in terms of power consumed), and they are sounder environmentally.
The implications are enormous. In the US alone, almost 55 percent of the nation's electricity is consumed by electric motors. While most factory operators buy the cheapest motors possible, they are steadily being educated by bodies like NEMA (National Electrical Manufacturers Association) that the costs of running a motor over a typical 20-year lifespan comprise a purchase price of just 3 percent of the total, and electricity costs of 97 percent. It is not unusual for a $2,000 motor to consume $80,000 of electricity (at a price of .06 cents per kilowatt hour).
Since 1992, when efficiency legislation was put into place at the US federal level, motor efficiency has been a high priority -- and motors saving 20 percent or so on electrical bills are considered highly efficient. Minato is about to introduce a motor which saves 80 percent, putting it into an entirely new class: The $80,000 running cost will drop to just $16,000. This is a significant savings when multiplied by the millions of motors used throughout the USA and Japan -- and eventually, throughout the world.
The devices
Minato's invention and its ability to use remarkably less power and run without heat or noise make it perfect for home appliances, personal computers, cellphones (a miniature generator is in the works) and other consumer products.
The magnetic motor will be cheaper than a standard motor to make, as the rotor and stator assemblies can be set into plastic housings, due to the fact that the system creates very little heat. Further, with the motor's energy efficiency, it will be well suited for any application where a motor has limited energy to drive it. While development is still focused on replacing existing devices, Minato says that his motor has sufficient torque to power a vehicle.
With the help of magnetic propulsion, it is feasible to attach a generator to the motor and produce more electric power than was put into the device. Minato says that average efficiency on his motors is about 330 percent.
Mention of Over Unity devices in many scientific circles will draw icy skepticism. But if you can accept the idea that Minato's device is able to create motion and torque through its unique, sustainable permanent magnet propulsion system, then it makes sense that he is able to get more out of the unit than he puts in in terms of elctrical power. Indeed, if the device can produce a surplus of power for longer periods, every household in the land will want one.
"I am not in this for the money," Minato says. "I have done well in my musical career, but I want to make a contribution to society -- helping the backstreet manufacturers here in Japan and elsewhere. I want to reverse the trends caused by major multinationals. There is a place for corporations. But as the oil industry has taught us, energy is one area where a breakthrough invention like this cannot be trusted to large companies."
Minato was once close to making a deal with Enron. But today, he is firmly on a mission to support the small and the independent -- and to go worldwide with them and his amazing machine. "Our plan is to rally smaller companies and pool their talent, and to one day produce the technology across a wide range of fields."
Content provided by J@pan Inc. Magazine.
Credo..My apologies, I caught myself doing the same thing, attacking you for your shortcomings!
Credo..Why don't you enlighten us, enough of the hints and allegations and half-baked innuendo's. If you have the meat, put it on the table where all can see. Anyone can say they know this and know that and have this battery or that battery. It is easy to attack someone because of their shortcomings, but you lose credibility when all you do is skirt the questions and take the defensive. Your arrogance borders on elitism of self worship, too bad no one else is paying attention.
Power Technology Inc/CN
released on Friday, 3/5/4, a 1-document, 11-page 'S-8'
Registration of Securities to be Offered to Employees Pursuant to an Employee Benefit Plan -- Form S-8
effective as of Friday, 3/5/4
filed as of Friday, 3/5/4
________________________________________________________________
This filing: 'S-8' -- # 0001269879-04-000002 @ 040305-164106 --
http://www.secinfo.com/$/SEC/Filing.asp?D=16X3x.1d&CIK=1066978
Filer: Power Technology Inc/CN --
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1066978
________________________________________________________________
Petross..Thanks for the posts, now, could you point me to a small, lightweight, powerful battery for my electric bike,TIA!
My vote goes to Peter Ross and the /or the Flying Horse Guy to represent us at all at the AS/LB/WM/BS Litigation Hearings, the AC/DC Get Charged Concerts, the Bird from the Ashes Tribute Celebrity Bake-Off, the Dare to be Gay Talent Show, The Battery Guys on PBS, My Beautiful Black Battery Operated...ETC.ETC.ETC. I am behind you 110% and I've got protection!