Conventional wisdom suggests we will be dependent on oil,gas, coal and nuclear power for theforeseeable future. Alternative energy sources are thought to be limited to solar, wind, fuel cells, biofuels and other solutions with little chance of rapidly replacing conventional and uranium fuels. However, magnetics, a far more vital approach to energy conversion has begun to emerge. We believe it holds the promise of cost competitive electric power and automotive propulsion.These generate electricity,consume no fuel in the traditional sense and produce no pollution Scientists have long been aware the earth is immersed in an extremely dense sea of energy that permeates every nook and cranny of the universe. For many years, only visionaries like Nikola Tesla recognized this huge reservoir could be a source of usable energy. Tesla, the genius who gave birth to alternating current, said in a talk to electrical engineers in 1891: many generations pass, of our machinery will be driven by a power obtainable at any point in the universe. Throughout space there is energy.” A growing number of scientists and engineers consider it possible to tap energy from space for practical use engineers have determined that our experiments lead directly to practical, cost-effective technology. The question of where this energy comes from may be debated for some years. It may eventually be agreed by scientists to be the quantum vacuum, also known as the Zero Point Field. Some small devices run cooler than room temperature and could also be converting ambient heat. MPI’s proprietary technology extracts electricity by utilizing unique magnetic inventions. The concept has long fascinated inventors. Nobel physicist Werner Heisenberg is quoted as stating: “We could utilize magnetism as an energy source”. Perhaps the first device was built by Wesley Gary in 1874 It was shown to Harvard and MIT professors. Hans Coler, a German inventor supported by Hitler’s navy, demonstrated a working 6 Kilowatt, solid-state, magnetic space energy receiver” in 1937. His work was destroyed by an Allied bomb during WWII. At the time there was no comprehension as to the source of the energy. Coler wrote: “These fundamental researches have made the first real and large breach in the citadel of present scientific belief.” Magnetic energy conversion devices have been prototyped in several laboratories. MPI has a team of outstanding engineers developing pre-commercial generators, leading to the development of POWERGENIE generators as well as Demonstration Devices and toys. Low power pre-production prototypes are anticipated during 2008. 1 kW Modules will follow. Magnetic modules be combined for greater power output, in a manner analogous to solar cells. A prototype alternative to a “plug-in” hybrid automotive power system, could be demonstrated on a converted hybrid automobile within 12 months. Larger and smaller size generators will follow. This work heralds the beginning of a profound transition in the global economy and the quality of life on earth. Great numbers of new jobs will emerge. Energy independence is likely to be realized by all countries, large and small, rich and poor. Reversing the rising prices of gas and oil, as well as reducing air pollution -- and slowing what is becoming extremely dangerous global warming, is inherent in the achievement. MPI management believes these are likely to be near-term events. Listen to a Radio Interview with Mark Goldes at http://www.magneticpowerinc.com/