The following is a press release from Brillouin Energy. Original document is available here: http://brillouinenergy.com/wp-content/uploads/2018/07/Brillouin-Press-Release-Second-Commercial-License-7-2-18-Final.pdf (Thanks to Sam for the heads up)
BRILLOUIN ENERGY CLOSES SECOND PAID COMMERCIAL LICENSE WITHIN THE ASIA-PACIFIC REGION
CECR technology rights sold to a leading industrial group
BERKELEY, CA, July 2, 2018 – Brillouin Energy Corp. (http://brillouinenergy.com), a leading company in the low energy nuclear reaction (LENR) field, announced that it has secured its second paid commercial license of its CECR technologies. The license was sold to a leading industrial group within the Asia-Pacific region. This latest achievement marks another significant step in the company’s mission to create ultra-clean, low-cost, renewable energy products that are capable of producing commercially useful therma lenergy (heat).
“This announcement is an important milestone in our quest to deliver world-changing ultra-clean, low-cost renewable energy technologies”, said company CEO, Robert W. George. “This latest accomplishment further validates the commercial potential of the company’s underlying CECR technologies.”
The new license agreement pays a combination of up front fees plus various royalty streams over time. Brillouin will use the immediate revenue to continue development of its green energy solutions that original equipment manufacturers (OEMs) can design into highly energy efficient products. This in turn brings the company closer to the reality of commercial LENR power.
For more information about Technology Licensing or OEM Partnerships with Brillouin Energy Corp., please see http://brillouinenergy.com/opportunity/technology-licensing.
For further information about this News Release, please contact: Grant Draper Grant@CapstreamX.com +1-415-745-0254
About Brillouin Energy Corp.:
Brillouin Energy is a clean-technology company based in Berkeley California USA, which is developing an ultra-clean, low-cost, renewable energy technology that is capable of producing commercially useful thermal energy from LENR. Brillouin’s LENR technology includes a proprietary method known as CECR, which electrically stimulates nickel metal conductors using its Q-Pulse control system. The stimulation process produces LENR reactions, which generates heat. The potential cost of the system inputs relative to the heat outputs is very low. Other than the heat output, there are no (zero) toxic or CO2 byproduct emissions of any kind.
For further information about Brillouin Energy Corp., please contact:David Firshein, CFO email@example.com +1-415-419-6429