(MENAFNEditorial) The team of Russian Synthestech project has synthesized elements of a platinum group from low-value metals using cold fusion. So far the results are unstable, but the research carries on. When this process is mastered, the profits will be huge. Rare precious metals, specifically platinum metals, are used in many fields: for example, medicine (including cancer treatment), industry, electronics, production of jewelry and fuel. Currently, the platinum metal market is worth 12-15 billion dollars. However, the demand for them exceeds the supply. There are only a few available natural deposits, and the cost of mining is high.
'Synthestech is developing an innovative technology based on low-energy nuclear reactions (LENR), that will allow production of precious metals and isotopes from commonly available metals (copper, iron, tin, etc.). While this technology is highly attractive from the economic point of view and extremely energy-efficient until recently the phenomenon had very few supporters. Nowadays it is widely recognized by physicists.
There are also other teams in the scientific world who have been working on cold transmutation of elements, but Synthestech has a unique vision of implementation of LENR technology.
'Other scientific groups are significantly behind us. We have developed several know-hows in the LENR field which no one else has. They give us confidence in the soonest commercial result, says Vladislav Karabanov, head of the project.
The amount obtained might seem small one-hundredths of a gram but it is a significant breakthrough that proves cold fusion theories right. 'Maybe we will obtain gold as well, Karabanov adds.
The next stage is refining the process through numerous experiments to reach industrial scale. To make this possible, Synthestech engineers have designed an independent laboratory complex. It will include an analytical laboratory, a laboratory for purification and separation of substances and a platform for the production of Cold Transmutation reactors.
In order to build and equip the laboratory, Synthestech started an ICO campaign. It's quite unusual for research groups but suits their practical approach well. By this moment the project has raised over $650,000 out of one million they plan to raise and started equipping the analytical laboratory. Some special equipment, like the X-ray fluorescence spectrometer, has already been delivered.
The ICO will be run through May 18, 2018. At this stage, the price of 1 STT token is 1 USD. The team expects a significant price jump after first results are published.
Official website https://ico.synthestech.com/
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