E-Cat World is reporting that a post on the LENR Forum site in Greek appears to be an announcement from Defkalion Green Technologies that they are leaving Greece. Their destination country to continue operations is not yet known and this report is still to be verified.

A translation of the text reads that “Defkalion Green Technologies has been working hard and continuously for two years to achieve a huge usability problem of cold fusion (LENR) that has the potential to positively change the global energy environment, putting Greece at the center and giving our country a new dynamic economic growth. Similar noteworthy research efforts go on around the world, creating a race where Defkalion seem to lead.”

That all sounds plausible as Defkalion promotional speak. The post goes on to say that the company is
Now “located at the gates of the most critical decision so far.” If they are indeed pulling out of Greece, it is a very difficult decision for the company to make.

“Having spent our own resources, having created a group of believers in the Greek project professionals (engineers, scientists, professors, economists, etc.), while it received no state support of our efforts, so far as our vision was Greece first.

Many claimed that cold fusion (LENR) is something impossible, let alone achieved by a Greek company. The reality has shown otherwise. Organizations such as the European Union (European Commission and European Parliament), NASA, US Navy, publicly traded companies from America, Canada, Germany and England and universities abroad have visited us and have turned their attention to our achievements. We believed that we will succeed and ultimately be vindicated.

Trying to ensure that the international prestige in Greece for innovative technology, the last three months communicating with investors with “We Live in Greece.” Unfortunately the difficult and unpleasant situation that our country is undergoing finds investors negative. There follows the most critical in our decision there. To have to leave our country so that benefit another country of the world first discovered us.”

The post ends by suggesting that they have received favourable proposals from Austria, Switzerland and Canada for the continuation of their work. If this is indeed a true account, it is easy to understand the difficulties facing any business trying to start up in Greece at the moment. There is continued speculation that Greece may eventually leave the Euro and go back to the Drachma, an event that could cause a huge devaluation of Greek currency. The three alternative countries mentioned are all outside the Eurozone and are doing relatively well economically.

Defkalion are scheduled to present at the ICCF 17 Conference in South Korea in August and it would not be right to delve too deeply into this report until it is verified. If true, it would probably benefit them in the long term but would be another setback for those expecting the promised good news from Defkalion.

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