Quantum Energy Inc. (QREE)

[Dorick]

SECURITIES FRAUD By Inductance Energy Corp
“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 now, three years later, Quantum has switched to peddling the solar panels that the “Earth Engine” didn’t need. What a bunch of charlatans!

Links:

https://web.archive.org/web/20201124150956/https://ie.energy/earth_engine/

https://sheridanmedia.com/news/35669/byron-wyoming-approves-5-million-bond-for-pioneering-energy-company/