As this is written, the first MEG patent has just issued {37}. A second Provisional Patent Application has been filed, and at this writing is in process of being replaced by a formal regular patent application. Two other patent applications are in preparation. All rights to the MEG are assigned to Magnetic Energy Ltd., Huntsville, Alabama, U.S.A., whose CEO is Dr. James L. Kenny.

In addition, Bedini and the present author have filed a provisional patent application on the process and embodiment for close-looping a COP>1.0 system for self-powering operation, and are in process of replacing it with a regular patent application also. Magnetic Energy Ltd. has permission to utilize the Bedini-Bearden close-looping process. In addition, Magnetic Energy Ltd. has its own proprietary close-looping process, for which a patent application is being prepared. The Company is also involved in serious discussions with several large companies and financial groups for potential financing. When that funding is obtained, we will open a substantial research and development laboratory here in the United States, serving a separate production company to be set up with our financial partners to produce and market the MEG. Meanwhile, laboratory work to complete the research and development of the MEG is also ongoing under a cooperative arrangement with the National Materials Science Laboratory of the National Academy of Science of a friendly foreign nation formerly under the Soviet bloc.

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