A post on the LENR Forum site in Greek appears to be an announcement from Defkalion Green Technologies that they are leaving Greece and moving operations to a yet undetermined country. The person who posted this said they received the information from George
Alex (‘George’ according to Google translate) [wrong interpretation by admin] Xanthoulis, board member of Defkalion.
A Google translation (edited) of this post reads:
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.
Our company is located at the gates of the most critical decision so far.
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.
We have very favorable proposals from Australia, Switzerland and Canada where the study.
Thank those who believe in change and a better future.
Defkalion Green Technologies
While there is no confirmation as yet that this is an authentic statement, it could be a genuine announcement. Trying to get a business such as DGT’s off the ground must have been very difficult, trying to do it in Greece would be almost impossible if one is trying to attract foreign capital. It has been speculated that Greece may eventually leave the Euro and go back to the Drachma — something that could cause a huge devaluation of Greek currency. It’s interesting that the most favored proposals mentioned are coming from countries outside the Eurozone — all of which are doing relatively well economically.
Making this announcement at this time would be quite surprising, however, since there have been hopes that DGT would be reporting third party testing results soon. Defkalion are scheduled to present at the ICCF 17 Conference in South Korea in August. Recently the company released photos of a factory they were building — if they were to abandon it at this point it would mean a great deal of lost time and money.
On the other hand, if they can be successfully established in a country with a more stable economy they could be in a much stronger position to receive the investments they are seeking for. Impressive date from the testing they have been doing will go a long way to secure the funding they seek.
We’ll be looking for more information on this story, and confirmation that this is indeed authentic.
UPDATE: I received information today from someone I know and trust who is close to officers of Defkalion. This person was contacted by one of the officers and was told that the email above is indeed authentic.