TARPON SPRINGS, FL / ACCESSWIRE / March 21, 2017 / Dr. Ruggero M. Santilli, CEO and Chief Scientist of Thunder Energies Corporation, a publicly traded company with a stock symbol (OTC PINK: TNRG), announces that the Power Up Group, an investment banking group in New York, has granted the Company a $53,000 promissory note, which is fully convertible into TNRG stock on December 14, 2017. The funds will be used to continue the development of a Nuclear Weapon Detection Station according to a grant application standing at the Department of Defense, program HDTRA1-17-S-0002 Science and Technology New Initiatives (see the executive Summary: http://www.thunder-energies.com/docs/DTRA-Proposal-FINAL.pdf).
Dr. Santilli states, "I was pleased that Power Up Group did not ask for my personal guarantee for the equity convertible promissory note, because this signals the achievement by Thunder Energies Corporation of maturity for funding. I was additionally pleased to see that a member of the U.S. financial community has provided concrete support for the development of a new technology directly relevant for National Security. In fact, the funds will be used for the construction of a new generation of reactors synthesizing low energy neutrons from a hydrogen gas in a form directly applicable to the scanning of containers and suitcases, which is the basic component of the Nuclear Weapon Detection Station under development by our Company." The remaining components are given by standard radiation detectors, shielding, and remote controls (see the overview www.thunder-energies.com/docs/ThunderEnergies16.CEOCFOMagazine-Article.pdf).
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Dr. Ruggero M. Santilli
CEO and Chief Scientist
Thunder Energies Corporation
SOURCE: Thunder Energies Corporation