Dorick
3 weeks ago
SECURITIES FRAUD By Inductance Energy Corp, Quantum Energy INC, And Quantum Energy CORP
Three different companies of which Dennis M. Danzik has served as a top executive â namely, Inductance Energy Corp, Quantum Energy Inc, and Quantum Energy Corp â have clearly engaged in securities fraud, by making blatantly false, deceptive and fraudulent claims regarding the electric motor they have called an âEarth Engineâ or âPhoton Engine.â All three companies have falsely claimed that Danzikâs so-called âEarth Engineâ or âPhoton Engineâ is a revolutionary device powered by âAsymmetric Magnetic Propulsion,â when in fact it is simply a type of electric motor, powered entirely by electricity. In this article we will review some of the false and deceptive statements made by each of the three companies which can still be found online.
I. Inductance Energy Corporation
âThe Byron Town Council unanimously voted to approve a $5 million Private Activity Bond Tuesday, Dec. 8 [2020], which will allow Inductance Energy â a Wyoming based energy company that says it has created a magnetic energy generator that is a major breakthrough in science â to build a facility within the city limits⌠The company states that it will bring 15 to 20 jobs to the Byron area and hundreds within the state of Wyoming.â
â Of course, Inductance Energy didnât have any âmajor breakthroughâ â only a major SCAM.
âMagnetic Propulsionâ is not an energy source at all â let alone âthe worldâs most efficientâ one.
Letâs look at the âEarth Engineâ page of Inductance Energyâs website as of December 6, 2020:
âPowering humanity using Magnetic Propulsion, the worldâs most efficient energy sourceâ
âEarth Engine is the worldâs first and only power source propelled by Asymmetrical Magnetic Propulsion. It can generate electricity, operate liquid pumps, air compressors, and other mechanical devices 24 hours a day, 365 days a year. It is fully independent of the power grid and offers significant cost savings over other technologies. Earth Engine creates constant, reliable, and renewable energy.â
âEarth Engine is in productionâ
âEarth Engine is the solution to the fatiguing, overloaded, and in some countries, non-existent utility infrastructure.â
âHow much energy does it produce?â
âEarth Engine is capable of producing 25+Kw of mechanical energy. This energy can be used to generate electricity, operating pumps, compressors, and other mechanical devices.â
âHow does this compare to other energy sources?â
âEarth Engine is the only known power source propelled by Asymmetrical Magnetic Propulsion, producing energy that can be applied to generating electricity, and operating pumps, compressors, and other mechanical devices. With its massive list of features that set it above the competition. Earth Engine does not consume any fossil fuels, it does not run on the sun, the wind, hydro, bio-fuels, or radioactive fuel sources. It can run 24 hours a day, 7 days a week, 365 days a year creating constant energy unlike renewable technologies such as solar and wind. It is not reliant on a reaction, or burning of fuel source.â
â Notice that there is no mention of any need for solar panels, âPhoton Powerâ or âphotonicsâ in any of this! The âEarth Engineâ needs nothing more than the âAsymmetric Magnetic Propulsion!â
But âmagnetic propulsionâ is not an energy source. The âEarth Engineâ / âPhoton Engineâ is simply a type of electric motor, powered only by electricity and not by magnets. Inductance Energyâs blatantly false and fraudulent claims regarding their so-called âEarth Engineâ (now renamed the âPhoton Engineâ) clearly amount to securities fraud by Inductance Energy Corporation.
II. Quantum Energy INC
In April 2023, a presentation regarding Quantum Energyâs so-called âDirect Energy Systemâ was given to potential investors at the Planet MicroCap Showcase in Las Vegas by a Quantum Energy executive named Dustin Hamby. This presentation included claims and statements so blatantly false and misleading that they clearly amount to securities fraud by Quantum Energy Inc.
Describing Quantumâs energy system, Hamby says: âThe technology is disruptive â it changes the way people look at power⌠This⌠reduces those costs further. It doesnât have to have the sun, the wind, or any other fuel source to generate that electricity.â
â This is the same blatantly false claim that Dennis Danzik made for his âEarth Engineâ for years, before renaming it as the âPhoton Engine.â It rests on Danzikâs false claim that the âEngineâ is actually powered by the âMagnetic Propulsionâ provided by permanent magnets. In fact, the âPhoton Engineâ is simply an unconventional and inefficient type of electric motor. It is not powered by magnets at all. It is powered entirely by electricity. The electricity that powers it can only be generated through the use of the sun, the wind, or some other source of energy. The âDirect Energy System,â in essence, uses a type of electric motor to spin an alternator to generate electricity. The alternator will not produce more electricity than the electric motor consumes. Therefore there is nothing âdisruptiveâ about the system. It will not âchange the way people look at power,â and it will not âreduce costs.â
Hamby says: âOur IP is very strong, being the worldâs first magnetic propulsion system that can generate electricity⌠that can deliver that electricity with zero emissions at a very low costâ
â This very misleading statement again rests on Quantumâs false pretense that Quantumâs so-called âPhoton Engineâ is a ârevolutionaryâ device powered by âmagnetic propulsion,â when in fact it is simply an unconventional and inefficient type of electric motor, powered by electricity.
Hamby says: âWe have one of our Photonics systems that illustrates how we are recapturing voltage â wasted photons when weâre lighting a room. This voltage and amperage is utilized to run the control systems in our magnetic propulsion engines, which Iâll show you next.â
â This deceptive and misleading statement involves the same deception that we find in Danzikâs many videos on the Quantum Energy youtube channel. Quantumâs so-called âmagnetic propulsion engine,â the âPhoton Engine,â is simply a type of electric motor, powered entirely by electricity and not by magnets. The ârecaptured voltageâ from electric lights does not merely ârun the control systemsâ of the electric motors which Quantum deceptively calls âmagnetic propulsion enginesâ â it actually powers them.
Hamby says: âWhy Quantum? Weâre breakthrough technology⌠The renewable energy sector, their projects â solar projects, wind projects â theyâre getting delayed because they donât have transmission. Our solutions fix that. We donât have to have transmission lines, because weâre creating the power where itâs consumed. We donât need any sun, wind, hydro, itâs just the pairing of the permanent magnets.â
â This is yet another blatantly false and misleading statement. Quantumâs so-called âPhoton Engineâ is a type of electric motor, powered by electricity and not by magnets. Quantum does indeed need sun, wind, hydro, or some other source of energy to generate the electricity that powers the electric motor that they call a âPhoton Engine.â
In the interest of brevity, I have quoted above only a few of the many false and misleading statements made by Hamby in his presentation, which was false and misleading from beginning to end.
The false and misleading claims and statements regarding Quantum Energyâs so-called âDirect Energy System,â in the presentation given in April 2023 by a Quantum Energy executive, to potential investors at the Planet MicroCap Showcase, clearly amount to securities fraud by Quantum Energy Inc.
III. Quantum Energy CORPORATION
Quantum Energyâs claim that their so-called âPhoton Engineâ is powered by âmagnetic propulsionâ is false and fraudulent. The so-called âPhoton Engineâ is an unconventional and inefficient type of electric motor, powered by electricity, and not by magnets or magnetic propulsion. The magnets of the âPhoton Engineâ motor merely help to convert electric energy to kinetic energy. QECâs claim that the âPhoton Engineâ is powered by magnetic propulsion amounts to securities fraud by Quantum Energy Corporation, in my opinion.
A conventional electric motor replenishes the configuration energy of the motor during each cycle by reversing or alternating the flow of electricity in the rotor or stator. Danzikâs motor replenishes the configuration energy in a quite different (and less efficient) way: by using an electric actuator or servo motor to reposition the entire stator. Nonetheless, it is simply an electric motor. In both cases, âmagnetic propulsionâ merely converts the configuration energy of the motor to kinetic energy, and does not âpowerâ the motor. The replenished configuration energy comes from the consumed electric energy and not from the magnets.
On October 14 2023, Dennis Danzik, the CEO of QEC, finally admitted that QECâs âDirect Energy Systemâ actually does NOT âamplify energy,â as he had previously indicated in videos posted on the Quantum Energy youtube channel. Danzik stated:
âIn fact Quantumâs Direct Energy System increases the SIGNAL (voltage), not âenergyâ in the specific scientific term, which many people use in generality.â
But only two weeks after this clear admission by QECâs CEO, QEC nonetheless repeated in a press release the false claim that QECâs so-called âPhoton Engineâ can âamplify energy.â QECâs press release stated:
âQuantumâs Direct Energy Systems include an entire Suite of electrical energy producing products, including groundbreaking photonic energy systems which include: ⌠Photon Engine â a revolutionary magnetically assisted flywheel energy storage system that increases the electrical âsignalâ (voltage), so that energy stored from the passive, or photonic side of the direct energy system, can be then amplified to an integrated storage systemâŚâ
The so-called âPhoton Engineâ â a type of electric motor â certainly does NOT âamplify energy,â and even QECâs CEO Danzik himself finally admitted that it does NOT âamplify energy,â only two weeks before the press release was published. The false claim in QECâs press release of November 1 2023 amounts to securities fraud by Quantum Energy Corporation.
Apart from fraudulent press releases, QEC has also posted many highly deceptive and misleading videos on the âQuantum Energyâ YouTube channel, designed to persuade viewers to believe Quantumâs false claim that the âEarth Engineâ or âPhoton Engineâ is a revolutionary device powered by âMagnetic Propulsion,â when in fact it is a type of electric motor, powered by electricity. Even the titles and posted descriptions of these videos are deceptive.