IS IT TRUE that the proposal that is under serious consideration by the Evansville City Council to loan $5 Million to EarthCare Energy is a topic of high interest with the readers of the CCO?…that questions are coming in that deserve answers and that we want to incorporate these questions and formulate some of our own into today’s IIT in hopes that someone at the Civic Center will either start a formal TECHNOLOGY VETTING PROCESS or release a TECHNOLOGY VETTING REPORT to the public?…that United States Patent #7,637,108 that is in the name of Richard K. Langson and assigned to Electratherm Incorporated of Carson City, Nevada seems to be the sole piece of intellectual property that EarthCare Energy is going to rely on to produce the device that the $5 Million loan is intended to support?…that contrary to popular belief that having a patent does not guarantee or endorse a technology?…that getting a patent means two things and two things only?…that whatever this patent actually is has been deemed by a patent examiner to be novel and unique?…that a patent was issued for a cheese filtered cigarette for novelty and uniqueness along with literally thousands of other brainstorms with no commercial potential?…that you may read this patent to your heart’s desire at the following link?
IS IT TRUE that Mr. Richard K. Langson of Langson Energy that EarthCare Energy has a license from was in the news quite allot with this very invention back in the 2007 – 2009 timeframe?…that on November 12, 2008 that Mr. Langson was a guest on Fox Business News as the CEO of Electratherm touting this patent as a revolutionary idea to harvest energy based on a twin screw energy conversion device?…that he claimed in this show that his device will produce electricity for ½ of a cent per kWh?…that was nearly 4 years ago and has not been heard of much since then?…that what we really wonder is whether or not Mr. Langson has any endorsements for his technology from any serious academic researchers or if there have been any published articles in refereed journals that required the scrutiny of an editorial board made up of competent technologists?…that in the 2008 interview that Mr. Langson claimed to be “in production†at Electratherm and about to lease additional space in Carson City, Nevada?…that you may view the Fox News interview on the following link?
http://www.youtube.com/watch?v=2XY8H71mrt8
IS IT TRUE that Electratherm does indeed have a commercial website (www.electratherm.com) and a location in Carson City, Nevada and claims to have been visited by President Obama?…that the name of Richard Langson does not appear on the link to the management team?…that Langson Energy also has a commercial website (www.langsonenergy.com) and that it has an Alexa traffic ranking of higher than 20 Million (smaller is better) that would imply single digit pageviews per week?…that this website is all about Mr. Langson and that the words used are quite impressive?…that Mr. Langson also claims in a company press release to have been invited to meet with President Obama in a town hall meeting in Carson City?…that there is no reference to a license being granted to EarthCare Energy on the Langson website?…that two weeks ago there was a press release on the EarthCare Energy website announcing a license agreement with Langson but that it is not there anymore?…that there is a link to a youtube video of Mr. Langson under the “technology†tab http://earthcareenergy.com/?page_id=20?
IS IT TRUE that this all may be well and good in the long run but what is needed right now is a VETTING of the TECHNOLOGY, an ENDORSEMENT of that technology by a recognized board of experts, AND a working prototype on a commercial scale with data to back up the claims made by Mr. Geldmacher at Monday night’s council meeting?…that without TECHNICAL VETTING and a clear understanding of this TECHNICAL VETTING that is made public that this little venture sounds more like a scene from “The Music Man†than a real considered investment?…that we hope that the EarthCare/Langson/ElectraTherm connection is not just a modern day Harold Hill coming to town to shake down a bunch of desperate country bumpkins but assert that TECHNICAL PROOF needs to be demonstrated and documented prior to committing $5 Million of the people’s money to this project?…that we also wonder exactly which members of the Evansville City Council have the background to truly understand TECHNICAL VETTING of such a proposal or what group they have hired to VET this device?…that we are not even close to needing to VET the cash flow, the number of jobs, or the square footage required?…that without a working device that all of those will come up to ZERO?
IS IT TRUE that we mostly wonder why during the last 4 years when literally Billions of both private and stimulus dollars have been thrown at a plethora of technologies that this technology has not attracted any private investment of substance?…that we wonder aloud if this really is such a great thing why did this find its way to Evansville in search of only $5 Million and a promise to pay back $37 Million?…that this is a phenomenal offer that no one else seems interested in?…that we wonder WHY?…that local common sense has always been that if something is TOO GOOD TO BE TRUE THAT IT SELDOM TURNS OUT TO BE TRUE?…that is why the City Council needs to wear their Tom Terrific thinking hats for a good long time before embarking on a game of SHARK TANK?