Last week, Andrea Rossi made a visit to Sweden, and apart from meeting with the team of professors in Uppsala, with me and other persons, he made a trip from Stockholm to the south of Sweden to have look at a 10,000 square meter factory building for sale. The day after, assisted by his Northern Europe partner and licensee Hydrofusion, Rossi made an offer on the building in the order of USD 3 to 5 million. Negotiations are now ongoing.
Obviously, making an offer is not the same as buying, but Rossi made it clear to me that he intended to buy the factory building, aiming at starting manufacturing of the third generation E-Cat reactor, called the Quark X, hopefully this year, otherwise in 2017, with an estimated production volume of 500,000 items a year, using a robot line provided by ABB.
Rossi said he had no other funding than the 11.5M he already…
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