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Posted on Sustainabilitank.info on May 18th, 2017
by Pincas Jawetz (PJ@SustainabiliTank.com)

Friday, May 12, 2017 ,The Manhattan Greentech Investors Forum, led by Dr. Gelvin Srevenson, and hosted by Sidney Austin LLP, met to listen to the presentation of Dr. James Magnuss Who described the use of “Vertically-variable Ocean Sail Systems” (VOSS) Sails that do not look at all like those conventionally used in wind powered sail-ships.

Present were gentlemen from Africa who seem to have an in with Chinese interests that pay
attention to innovative ideas.

The Magnuss VOSS is a 100-foot rotating and spinning metal hollow-tower, when not in use – retractable into the ship’s hull. This tower is draped in material in a way that the spinning movement creates thrust like in the case of an airplane.

These VOSS power sources are not intended to replace the original engine – but rather to add on to what powers the ship. A ship with four VOSS towers has thus an effective added powering engine added up to its original engine.

The chief innovation here is in the retractable feature for stowing the towers below the deck
when loadig and unloading in a port.

Magnuss delivers three benefits:

(1) fuel savings of 20-35%
(2) a new means to reduce carbon emissions
(3) a patented and class-approved design of proven technology applied in a different way to
meet the needs of global shipping today.

He reminded us that fuel cost represents 60-80% of a bulk cargo ship’s operating costs and ranks among the world’s largest emitters of carbon. Considering the need to have hull space for the retractable towers VOSS sails fit best onto bulk shipping.

Currently James Magnusis looking to close a $2.7 million angel round of common equity – he offers strategic partnership and international patent expansion.

Proof of concept was verified, patents issued, tech design complete, and class approval is already in hand.

The savings have been validated by 3rd party NGOs, including Sir Richard Branson’s Carbon
War-Room and the Sustainable shipping initiative.

The Funds needed now are for proceeding with new construction projects.

If bulk transport emissions were added up globally, we heard that they would have
reached 6th place if this industry were a nation – so making a dent here is consequential.

With Dr. Magnus as CEO of the company, others involved are:

Ted Shergolis as COO – a Tech Entrepreneur
Eric Holohan as CTO – a Naval Architect
Alistair Fischbacher – Chairman ofSustainable Shipping Industries (SSI) who is the
Former General Manager of the Rio Tinto Fleet.

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