Energy Innovations - Power Net

Power Net - Request for Proposals

REQUEST FOR PROPOSAL (Originally submitted to University of Hawaii, but suitable more broadly for any University or engineering firm.)

EXECUTIVE SUMMARY:

A Hawaiian inventor with A NEWLY PATENTED OCEAN WAVE ENERGY-PRODUCING DEVICE needs expert engineering assistance in developing, prototyping, fine-tuning, and calculating the efficiency of energy conversion, a project certainly suitable, at minimum, for a Ph.D. or Master's Thesis in Engineering or related areas. TO THE EXTENT PERMITTED (by University regulations and/or relevant law), SUCCESSFUL COMPLETION OF THE GOALS OF THIS REQUEST MAY RESULT IN AN EQUITY OWNERSHIP OF THE UNDERLYING CORPORATION (UP TO 5% OF COMPANY STOCK). The invention is perfectly positioned to move from the lab to an effective commercial stage with this kind of definition. Besides assisting with Hawaii's energy independence, the commercial development of the system will help diversify Hawaii's economy.

The patented product (U.S. patent #6,647,712) is a relatively low-tech, easily manufactured device that will have widespread utility, especially in some of the more active waters between the Hawaiian islands. It will anchor well offshore using cables and continuously trap ocean wave energy without any large or ugly onshore or close-offshore installations. The device has been crudely prototyped by the inventor and shown to work, but more sophisticated engineering is required to optimize this invention.

SCOPE OF PROJECT:

This project could be structured as a Contract for Services to be provided by the Engineer-Contractor (you, the engineer, academician or student) to the Corporate Customer (the inventor and his associates, a new Corporation), and is tentatively presented below in congruence with that concept. The compensation could be via conveyance of up to 5% of Corporate stock to Contractor, by payment of the issues of said stock to Contractor over a period of time, or by other arrangement.

It is intended that the patent and materials supplied by Customer and additional information generated by Contractor, including specifications, calculations, and prototype(s) (under a program of review, modification, and approval, with and by Customer) may be used by Contractor as follows:

1. a basis for more advanced engineering and prototyping,
2. further defining tuning mechanisms or other attendant devices that could be the subject of future patents,
3. a basis for publication of scholarly articles; and/or,
4. a thesis project for an Advanced Degree.

If separately patentable augmentations to the invention should result, then Contractor shall (to the extent permitted by University regulations and/or by law), share the issues of said patent(s) with the Customer in a manner to be determined prior to execution of Contract.

If interested, please contact Richard C. Stancliff or C. Michael Struwe, at at info@energyinnovations.us.