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ColossusEPC Inc. |
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June 8, 2015 Issue |
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The Most Powerful Name In Corporate News and Information |
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Electronic Power Cell Component Technology |
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CEO
ColossusEPC Inc.
Interview conducted by: Lynn Fosse, Senior Editor, CEOCFO Magazine, Published – June 8, 2015
CEOCFO: Mr. Hodges, your site indicates that light driven technology is the future. Would you explain? Mr. Hodges: Light photons are very similar to particles. You can actually store them in a compound. You can store an enormous amount of them because they virtually have no mass. You can activate them with a certain frequency and it pulls it just like a fuel. It is similar to how you store electricity in a rechargeable battery.
CEOCFO: Has this been done in the past? Mr. Hodges: It has not been done in the past. The only thing similar to it is how fiber optic cables stay lit for miles.
CEOCFO: What have you figured out that has allowed this to happen? Mr. Hodges: We figured out that there is a certain type of element that you can activate that actually stores light photons. It will hold them for thousands of years until the right frequency that they were stored at releases them. There are a few other elements and compounds in the mixture that assist in pulling as much power out of it as you can get.
CEOCFO: Were you looking for something along these lines or did you stumble upon it and move forward? Mr. Hodges: I came up with this ten years ago. I wanted an alternative power source. Our electronic power cell (EPC) is it. Current batteries drain quickly, if you short them together they explode. I wanted a power source that did not generate heat. To me, photons are going to be the key to many things in the future. Many components and products are going to be made using light energy because it is more efficient as It does not heat up or short. There are many problems in the electronic industry with PC boards heating up which affects their performance.
CEOCFO: Where are you today, ten years later, in development? Mr. Hodges: The first two components we have developed are grounding components. We were the first company to pass a certified government facility making a Cordless Ground Strap (CGS). Every company in the industry has been working on this for 50 years but nobody has ever passed any of the tests. Our wireless grounding tool is a scientific first. The CGS allows the person wearing the device to be grounded wirelessly. There are a lot of problems with feedback because too many multiple signals are being dumped to the ground planes. Our Ground Reference Component (GRC) is mounted on a PC board. The GRC solves the problem by eliminating the need for ground planes on PCB’s which are costly, and make a PCB heavier. Using the GRC would also enable the user to ground digital and analog signals.
CEOCFO: What is the plan to move from concept to product? Mr. Hodges: We actually have working prototypes that have been independently tested. Our first battery technology, the EPC, will be done in this year. It will be a memory backup battery for computers. Most computers have a memory backup battery on the motherboard. If the battery fails your stored start-up data is lost. Our memory backup battery will last almost three times as long, seven to ten years. It has no dangerous chemicals, it is in a green technology format and it is a lot safer.
CEOCFO: Do the people that should know about Colossus have an idea that you have even created something yet? Mr. Hodges: We kept it very quiet because we did not want to let the cat out of the bag. People we call “sharks” try to steal your projects and you always have to be careful of that. All investors and anyone that comes in signs a non-disclosure. We go through the process and protect it as best as we can. We are now ready to start releasing some of these products for companies to either acquire or license. The GRC and Cordless Ground Strap are ready to go. We also have a multi-purpose component that will go on PC boards and power four different objects with a simple input, which many companies have expressed interest in.
CEOCFO: What is the plan? How will you go to market? Mr. Hodges: There are not very many outlets for marketing prototypes because they always want end user products. We are going to be in the Tech Connect show on June 14 which is geared for research and development projects that are ready to go to commercialization. We do old-fashioned networking and cold calls to companies and try to get past the gatekeepers. We also have had quite a few scientists come in to review the project and they are always astounded. We have a neat little demo we do. We have a block of our material that is hit with a 5 milo watt light source and in return puts out about 50 milo watts. The glow is astonishing and they are shocked that we are able to achieve such photonic vibrancy.
CEOCFO: Are they ever skeptical? Once they see it, do they believe the concept behind it and understand that it really will work and last so long? Mr. Hodges: We actually demonstrate a prototype running live and powering other objects. They are invited to check everything, go through the demo, and ask any questions they have.
CEOCFO: How have you decided where to focus your efforts? Who are your first targets? Mr. Hodges: We have had marketing experts come in and say they weren’t sure where to begin because we could probably make a couple hundred different products out of it. We can actually change the configuration to different sizes and shapes. They said it would hit almost every industry. We target electronic component companies and manufacturing companies that build electronic components. As soon as the memory backup battery is ready, we are going to hit the battery makers. This will give them a completely different direction to go in.
CEOCFO: Are you concerned that the battery makers do not want to rock the boat? Mr. Hodges: We have had several meetings about that. Some of our investors were concerned that a big company would buy it and shelve it to keep running with their own product. Eventually they are going to release it in the future because it is going to replace their current technology.
CEOCFO: Would you let that happen if the offer was good? Mr. Hodges: I am torn between two things. I would like to see it manufactured and let the public use it because it would be a better product than the old acid batteries. It would be a much safer battery for the environment, and I hope that it goes in that direction. If a company acquires it from us what they do with it after that, we would have no say. That is the only bad thing when you create new technology. Some companies might shelve it. We had an attorney who was looking to invest in our product and he felt we were going to have 50% of the people in the world cheering our name on this project and the other 50% hating us.
CEOCFO: What have you learned about the business side as you have gone through the process? How do you know? Do you go with your gut? Mr. Hodges: I go with my gut half the time, but if you are going to develop something there has to be a need for it. I have been involved in making different types of products for companies for 28 years. I am always surprised because some products are a go and companies will spend the money to develop it and some that seem just as great do not. You have to identify a need. I always thought there was a need for a new approach with batteries. They have been using the same technology since the 1800s. While they are making them able to hold more power the problem that persists is batteries are getting hotter and starting to catch on fire because they are pushing them way past their limits.
CEOCFO: How important do you think is the green issue? Do you feel you will be able to capitalize on that or is that more of ancillary factor? Mr. Hodges: It falls in the category of green technology because of the types of elements that we are using. You are supposed to dispose of your batteries by taking them to a certified disposal location, but many do not. If you have seen some of the data, in one year, there are enough batteries thrown away to make a mountain. All that acid leaks out into the ground. For photovoltaic companies that make solar power, we use a very similar material. This gives them another revenue stream of making batteries and components which actually make that industry better and stronger driving down the cost. We had a company ask us if we could make one the size of a refrigerator to power a house, and in the future yes, it probably could.
CEOCFO:
Where might you be a year from now?
CEOCFO: Why pay attention to ColossusEPC today? Mr. Hodges: Pay attention because what we are doing is revolutionary and it is going to knock your socks off. We have had many experts review this and their attitudes and expressions on this project are staggering. They are overwhelmed and excited about what we are doing because they think it is going to change many industries. |
“To me, photons are going to be the key to many things in the future.” - Michael Hodges
ColossusEPC Inc.
Michael Hodges 480-545-1259
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Michael
Hodges