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Seeking An Angel In Dubai And Beyond
New York NY (SPX) Apr 17, 2008 Mark Nejmeh, President, MagKinetics will travel to Dubai to seek an Angel for his development stage renewable energy company with their patent pending technology for "A system and method for creating electricity from moving vehicular traffic." MagKinetics has been patiently and thoroughly seeking a financially qualified and socially responsible investor or group and is now reaching out to the world community to bring this opportunity directly to such investors. The company is now arranging meetings in Dubai for their executive visit on April 21 - 23, 2008. MagKinetics is initially seeking $10,000,000 US and will be seeking another $5,000,000 US within 7 to 9 months. The company is poised to literally change the world because their technology takes moving traffic (kinetic energy that is typically lost to the universe) and converts it into electricity. Absolutely no alteration to the vehicles is required. They intend to implement the technology worldwide in 18-24 months. According to Nejmeh, "Clean energy and a clean environment is about man kind's survival. Responsible actions must be taken. Finding a group of investors that know that everything in life is about family across all cultures and all borders is important. If we are to add a new variable to the 'Peak Oil Theory,' eliminate green house gases, and take energy out of the peace formula, we must do it with passionate investors who put results before profits. By doing the right thing the profits will follow." MagKinetics will initially place their clean energy technology into roadways, typically on downhill slopes, off-ramps, and other braking road segments. The company's research also indicates that it is possible to tap energy from high speed center roadways as well. In essence, every road and highway in the world is potentially an undeveloped energy asset. Ultimately, the MagKinetics technology is a new type of renewable energy that could both stabilize world economies and bring about world equality. Community Email This Article Comment On This Article Related Links Powering The World in the 21st Century at Energy-Daily.com
Analysis: Reps. want old FutureGen back
The Department of Energy's new plans for the FutureGen project -- a 5-year-old initiative to develop clean-coal technology -- look fishy, policymakers said Tuesday. |
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