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Investments

2

Portfolio Exits

1

About Cherokee Investment Partners

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Latest Cherokee Investment Partners News

Industrial Heat, LLC Has Acquired Rossi’s E-Cat Technology

Feb 2, 2014

Tom Darden, CEO of Cherokee Investment Partners; is the founding investor in Industrial Heat, LLC Image courtesy of CherokeeChallenge.com JT Vaughn, VP of Industrial Heat, LLC Image courtesy of InnovaterRaleigh.com Pure Energy Systems News January 24, 2013 "This is a major milestone in this 3-year long E-Cat saga we've been following -- perhaps the biggest yet. And it's a great day for the LENR world, colloquially called 'Cold Fusion' in general. It's also a vindication of this technology that we've been featuring in our Top 5 Exotic Free Energy Technologies listing nearly as long. " -- Sterling D. Allan Industrial Heat, LLC was incorporated in 2012 and is based in Raleigh, North Carolina. On January 24, 2014, perhaps pressured by their outing by E-CatWorld.com, Industrial Heat LLC published a press release announcing they had "acquired the rights to Andrea Rossi's Italian low energy nuclear reaction (LENR) technology, the Energy Catalyzer (E-Cat) . A primary goal of the company is to make the technology widely available, because of its potential impact on air pollution and carbon dioxide emissions from burning fossil fuels and biomass. ""The world needs a new, clean and efficient energy source. Such a technology would raise the standard of living in developing countries and reduce the environmental impact of producing energy," said JT Vaughn speaking on behalf of Industrial Heat (IH). "Mr. Vaughn confirmed IH acquired the intellectual property and licensing rights to Rossi's LENR device after an independent committee of European scientists conducted two multi-day tests at Rossi's facilities in Italy. " "Mr. Vaughn confirmed IH acquired the intellectual property and licensing rights to Rossi's LENR device after an independent committee of European scientists conducted two multi-day tests at Rossi's facilities in Italy. "The published report by the European committee concluded, "Even by the most conservative assumptions as to the errors in the measurements, the result is still one order of magnitude greater than conventional energy sources" [referring to energy output per unit of mass]. The report is available online at http://arxiv.org/abs/1305.3913 . In addition, performance validation tests were conducted in the presence of IH personnel and certified by an independent expert. "Since acquiring Rossi's technology, IH has engaged in a broad-based effort to protect it by preparing numerous patent applications related to the core technology as well as associated designs and uses. "Tom Darden, who co-founded Cherokee Investment Partners, a series of private equity funds specializing in cleaning up pollution, is a founding investor in Industrial Heat. He is one of a small group of like-minded investors who are supporting this technology because it could significantly address a number of social and environmental challenges. They have committed to make it broadly available because of its potential for impact. IH is considering partnerships with industry participants, universities and NGO's to ensure the technology is developed in a thoughtful and responsible manner. "JT Vaughn manages Industrial Heat. He is the founder of Cherokee McDonough Challenge, an accelerator for environmental startups, and a leader in the startup community in the Research Triangle. "Companies or organizations interested in partnering with Industrial Heat should reach out to JT Vaughn at [info:info@industrialheat.co?subject=Industrial%20Heat%20LLC%20featured%20at%20PESWiki.com info@industrialheat.co]. " Contents

Cherokee Investment Partners Investments

2 Investments

Cherokee Investment Partners has made 2 investments. Their latest investment was in Consert as part of their Series B on October 10, 2011.

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Cherokee Investment Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/18/2011

Series B

Consert

$7M

No

2

6/4/2010

Debt

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$99M

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0

Date

10/18/2011

6/4/2010

Round

Series B

Debt

Company

Consert

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Amount

$7M

$99M

New?

No

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Co-Investors

Sources

2

0

Cherokee Investment Partners Portfolio Exits

1 Portfolio Exit

Cherokee Investment Partners has 1 portfolio exit. Their latest portfolio exit was Consert on February 12, 2013.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/12/2013

Acquired

$99M

1

Date

2/12/2013

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

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