I had to check it wasn’t April 1st, but this sounds interesting:
Steorn develops free energy technology and issues challenge to the global scientific communityLondon, 18th August 2006: Steorn, an Irish technology development company, has today issued a challenge to the global scientific community to test Steornâ€™s free energy technology and publish the findings.
Steornâ€™s technology is based on the interaction of magnetic fields and allows the production of clean, free and constant energy. The technology can be applied to virtually all devices requiring energy, from cellular phones to cars.
Steorn has placed an advertisement in The Economist this week to attract the attention of the worldâ€™s leading scientists working in the field of experimental physics. From all the scientists who accept Steornâ€™s challenge, twelve will be invited to take part in a rigorous testing exercise to prove that Steornâ€™s technology creates free energy. The results will be published worldwide.
Sean McCarthy, CEO of Steorn, commented: â€œDuring the years of its development, our technology has been validated by various independent scientists and engineers. We are now seeking twelve of the most qualified and most cynical from the worldâ€™s scientific community to form an independent jury, test the technology in independent laboratories and publish their findings.
â€œWe are under no illusions that there will be a lot of cynicism out there about our proposition, as it currently challenges one of the basic principles of physics. However, the implications of our technology go far beyond scientific curiosity: addressing many urgent global needs including security of energy supply and zero emission energy production. In order for these benefits to be achieved, we need the public validation and endorsement of the scientific communityâ€.
â€œWeâ€™re playing our part in making that happen by throwing down the gauntlet with todayâ€™s announcement â€“ now itâ€™s over to the scientists to ensure that the real potential and benefits of our technology can be realised.â€
Following the validation process, Steorn intends to license its technology to organisations within the energy sector. It will allow use of its technology royalty-free for certain purposes including water and rural electrification projects in third world countries, details to be announced later.
Not only is the premise of the technology interesting, but the method in which they have gone about promoting their R&D efforts is intriguing. I am deeply immersed in Intellectual Property rights as I am drafting my penultimate MBA assignment (not counting the dissertation). I have done a search to find out if Steorn have registered any patents against this technology. A patent for a Low Energy Magnetic Actuator was published in April according to the ESP@CENET database. Steorn’s website states that patent is pending. Is there a risk in offering such a challenge or have Steorn completely protected their intellectual capital?