Elevating electric energy efficiency and conservation through our next generation magnetics innovation, along with our breakthrough designs, defines the core mission for the ParaNetics’ team. Electric motors affect every part of our life today at home & business - refrigerators, fans, pumps, battery charging, electric vehicles and many more. Elevating the efficiency and torque for electric motors represents the most direct cost and energy saving opportunities that will directly benefit every rate payer, including governments. The next generation, breakthrough discovery by the Company’s founders creates unique magnetic fields never seen before. The proprietary device that generate these surprising fields enables multiple potential applications where magnetics are applied today, such as in electric motors. The ParaNetics technology is being developed for industrial and vehicle electric motors that significantly elevate the amp to torque efficiency over an electric motor’s drive cycle. Also due to a breakthrough design for electro fan motors, used in aerospace drones and electric airplanes with a modeled dramatic 35%+ projected improvement in propulsion, management is concomitantly advancing this innovation to create significantly smaller, lighter and new revolutionary aircraft designs.
Management has completed building three electric motor concept prototypes and performed initial third-party testing on the latest prototype. The near term company milestone is to build advanced MVP prototypes for industrial, vehicle and aerospace applications and to commence licensing and commercialization discussions. Once achieved, the above initial applications will be followed by commercialization in sensor, transducer and similar uses based upon the revolutionary discovery of the ability to float a magnet at both edges of the ParaNetic device. The Company is currently in discussions with a large defense contractor regarding its sensor application.
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