A new article about Steorn has been published in the Irish paper, The Sunday Times. It’s behind a paywall, but has been summarized by Frank Ackland at E-Cat World, here.
Ackland summarizes the main points of the article as follows:
— Company filings last week show that 2.1 million Euros was recently raised by Steorn from individual investors and an investment trust.
— CEO Shaun McCarthy states that they have begun to sell small quantities of Orbo devices, and anticipates Steorn will generate a small profit this year.
— The company’s focus is to license its technology in the consumer electronics market. McCarthy is quoted as saying, “You put this in your product and you never have to recharge it. A ballsy statement, I know.”
Update: Much appreciation to our source in Ireland for sending this scan of the full Irish Sunday Times article (click to enlarge):