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Wednesday, 05/20/2015 2:07:04 PM

Wednesday, May 20, 2015 2:07:04 PM

Post# of 230
Looks like a merger here!

Check last 2 SOS filings and compare:

Jan 24, 2014

BUSINESS ACTIVITY - FORMER TELECOM COMPANY



http://records.sos.state.or.us/webdrawer/webdrawer.dll/webdrawer/rec/3082539/view/SOS%20-%20Corporation%20-%20Business%20Entity%20Filing%20Records%20-%2014532683.PDF

Feb 04, 2015

BUSINESS ACTIVITY - FORMER TELECOM BUSINESS EXPLORING ITS STRATEGIC OPTIONS.


http://records.sos.state.or.us/webdrawer/webdrawer.dll/webdrawer/rec/3739986/view/SOS%20-%20Corporation%20-%20Business%20Entity%20Filing%20Records%20-%2014532683.PDF

Owner of shell is: James F. Hensel
Look at his LinkedIn profile
CEO
Thermogen
January 2015 – Present (2 months)Corvallis, Oregon Area
Thermogen is at the heart of the Internet of Things (IoT), with a growing portfolio of thermoelectric energy harvesting technologies that are helping to power IoT trends such as wearable electronics, connected living, smart buildings, and more.

Thermogen's IoT power solutions, such as our wearable thermoelectric energy harvesting technology (TEGwear™), help extend the life of batteries or replace them altogether in ultra low-power electronic applications. Thermogen’s new advancements in energy harvesting are enabling a new wave of innovation to the IoT.

https://www.linkedin.com/profile/view?id=20518249&authType=NAME_SEARCH&authToken=r_6M&locale=en_US&trk=tyah&trkInfo=idx%3A1-1-1%2CtarId%3A1424801287699%2Ctas%3AJAMES+HENSEL


Look at the website: http://www.thermogentech.com/
Then look at the company it spun off of

http://www.perpetuapower.com/index.htm

Then look at the news tab: http://www.perpetuapower.com/newsandevents.htm

Perpetua Announces a Spin-off of its Wearable Thermoelectric Technology Business

Perpetua Power Source Technologies, Inc. will continue to build on its momentum in the industrial wireless sensor markets, while the new spin-off, Thermogen Technologies, Inc., will strategically focus on the rapidly expanding wearables and IoT markets.

January 14, 2015

CORVALLIS, OR –– Perpetua Power Source Technologies, Inc. (“Perpetua”) announced that its Shareholders approved a plan to spin-off a portion of its proprietary thermoelectric energy harvesting technology business into a standalone company, Thermogen Technologies, Inc. (“Thermogen”). This transaction was effective as of December 31st, 2014 and both companies will remain at the current location.

Perpetua also announced that James F. Hensel, former President of Perpetua’s IoT division, will serve as Chief Executive Officer of Thermogen. R. Jon Hofmeister remains the President of Perpetua Power Source Technologies, Inc. and Director of Thermogen. “Capitalizing on the exciting market interest of our innovative wearable thermoelectric energy harvesting technology, TEGwear™, we’re confident that the Thermogen spin-off will allow us to further capture customer interest in a broad range of wearable and Internet of Things applications,” said Jon Hofmeister.

“With a robust patent portfolio around ultra low-grade heat energy recovery technology, an experienced leadership team, and supportive client base, we are excited about this opportunity to further develop and market our unique renewable energy technology into several highly active market areas,” said Jim. He continued, “Wearables, smart home, and smart city are all enormous emerging markets that are actively searching for viable battery supplement solutions. We are already engaged in several key engineering contracts with product development partners, so this spin-off will act as a catalyst to focus support on these existing plus new customers to speed up our wearables and IoT roadmap.”

About Thermogen Technologies, Inc.
Thermogen (www.thermogentech.com) develops and markets thermoelectric energy harvesting technologies that provide best-in-class temperature differential performance that will extend the life of batteries or replace them altogether in a wide range of low-power wearable and IoT electronic devices.

About Perpetua Power Source Technologies, Inc.
Perpetua (www.perpetuapower.com) is a leading provider of thermoelectric energy harvesting solutions that enables wireless sensors to operate more cost effectively while providing near real-time data from wireless sensors in industrial applications including applications requiring intrinsically safe certification.

Contact:

Jerry Wiant
VP Marketing
503-852-1812
jerry@thermogentech.com

Then look at the PR 2 weeks before the spin-off:
http://www.perpetuapower.com/press12312014.htm
Perpetua raises $3 million in new investment funds

December 31, 2014

PORTLAND, OR –– Perpetua Power Source Technologies, Inc. (“Perpetua”), a leading manufacturer of renewable energy solutions announced it has closed a $3 million investment led by current investors and joined by NextSteps Capital. Perpetua will utilize the funding to continue to enhance its products and expand its production capabilities.

“Perpetua is an ideal company for our investment. They have proven technology that has been in the market for many years, coupled with a management team that has the experience to grow the company,” said Tom Labrecque, Managing Director of NextSteps Capital. “With the growth in wireless sensing applications, Perpetua’s Power Pucks® have an expanding market opportunity and a strong base of support to build from.”

Perpetua supplies fully certified thermoelectric products that power wireless sensors. The Company’s breakthrough energy harvesting products deliver a new combination of renewable energy, power management and ease of installation for wireless sensors. By extending battery life, or replacing batteries altogether, Perpetua’s products enable wireless sensors to collect more data over a given time period and offer opportunities to effectively operate in a wider range of environments.

While there has been explosive growth in the use of wireless mesh networks in industrial applications in the last few years, users have had to balance the benefits of wireless monitoring with the cost of maintaining the batteries that power the wireless sensors (the more data collected, the more power required, the more batteries need to be replaced). Perpetua Power eliminates the trade-offs with environmentally friendly Power Pucks® that rely on temperature differences to generate long-life, continuous, renewable energy. A key benefit for customers is that near real-time data can be captured with rates as fast or even faster than every second, resulting in increased input for analysis and modeling, important to efficiently managing processes like enhanced oil recovery.

“This most recent round of financing will help us expand on several recent customer successes, particularly in the oil and gas sector, and increase our offerings to the market,” said Jon Hofmeister, Perpetua Power’s President. In addition, we are excited about the addition of NextSteps Capital as our newest investors.”

About Perpetua
Perpetua is a leading provider of thermoelectric energy harvesting technology that enables wireless sensors to operate more cost effectively while providing near real-time data from remote sensors in industrial applications including applications requiring intrinsically safe certification. More information is available at the Perpetua website, www.perpetuapower.com

About NextSteps Capital
NextSteps Capital is a private equity firm that provides non-control growth capital to companies that have a competitive advantage and are at growth inflection points where an infusion of capital will make a significant difference in their trajectory. NextSteps Capital is a knowledge-driven organization, equally a research firm and a principal investor. From sourcing investment opportunities to assessing and mitigating risk, this research-driven culture provides the firm with better choices, supports smarter decisions, and leads to better results for NextSteps Capital and our portfolio companies. More information is available at the NextSteps website, www.nextstepscapital.com
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