It is either one of the greatest inventions of all time or a swindle of breathtaking proportions.
A group of Somerset West businessmen claim they have invented an electro-magnetic power source that could radically change the way people generate electricity across the world.
And while they say it is not a perpetual motion machine, it comes close to it.
They are raising large sums of money from members of the public on the strength of it.
'We just want to make sure that potential investors are protected' But electrical engineers consulted by Weekend Argus expressed scepticism over the "invention" which purports to use electro-magnetic fields to generate electricity.
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The businessmen say they have already concluded an agreement with an American electricity supplier in Nevada who will import their revolutionary mini electro-magnetic power modules to supply electricity.
They claim the extreme precision needed to manufacture the units makes them uneconomical to sell locally. The units will be exported to the United States.
But while the businessmen say they already have a manufacturing contract with an American company, they are also seeking local people to invest a minimum of R200 000 each to fund the construction of a factory to build the mini power plants.
A member of the elite Scorpions investigative unit this week contacted Weekend Argus because they are concerned about the project.
Low power for devices with high electro-magnetic fields such as computers, TVs, laptops Said an investigator: "We are not questioning the validity of the claims that these people are making, but our information is that they are trying to raise money and we just want to make sure that potential investors are protected."
When Weekend Argus approached Gridcon Power SA Pty, the company behind the scheme, they said their invention was unique and above board, but they were concerned that premature publicity could have a negative impact on their plan to list the company on the stock exchange.
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