STATUS REPORT OVERVIEW
May 9, 2011
To whom it may concern:
DBI Operating Company has produced a 2010/2011 DBI Reactors Status Report. This report can be made available to the original DBI shareholders and present independent lenders / optionholders upon individual request. The following is an overview of said report.
DBI-Chile
DBI-Chile is now operating under Chilean laws, with three qualified partners, and with prestigious law offices in Washington DC and Santiago, Chile. The entity is able to provide compliance with local and international law. We believe these accomplishments are unparalleled to any U.S. entity in the business of reviving nuclear power (as of this date).
Handbook
I have used part of 2010 to write and produce a “handbook” that allows a forthcoming chief engineer to manage the components for the Chilean Plant.
ISO 9000
At the time of this writing, we are using the handbook to advance compliance to procedure that allows “DBI Ceramics” to become the manufacturing entity of DBI reactor components.
About Finances
Parallel to the nation’s economic setback, DBI was impacted with internal management difficulties that took over six months to resolve. This temporary setback resulted in a reorganization of the management of DBI Century Fuels & Aerospace Services.
The Vision
The vision, as we all know, relates to the creation of an extension of U.S. nuclear industry that allows Thorium oxide to gradually replace natural Uranium (and its counterpart Plutonium).
Analytical Status
Toward the fulfilment of this vision we have looked in all directions. We have closely examined the U.S. effort to revive the nuclear industry and we have revised nearly all the present proposals from the U.S. and foreign entities in this regard. We have produced analytical support for all sections of the plant.
Status as of 1/11/2011
With a price tag of over 6 million over the years, we are providing the Republic of Chile (under the umbrella of optimization) with a reactor within the regulatory process dictated by U.S. Government.
DBI/CFI Resolutions and Stakeholder Percentage Assignment
The Operating Company has passed a master resolution, and notarized it with the intention to freeze the date from which new resolutions may be implemented in the future. DBI acknowledges its responsibility in front of the original shareholders and lenders that rightfully own the original (and evolved) technology. I have assigned each stakeholder their percentage of ownership and the right to exit the program after the major infusion of capital, should anyone desire to do so.
Taxation
The Operating Company has made provisions for taxation which must be an event taking place after the investment has produced a return to all of us. There are complex tax ramifications that relate to international investments. This is the reason that we have assigned but not distributed the company stock ownership.
100-page DOE report status
Upon early recommendations received by DBI at an all day meeting at the Colorado School of Mines, two documents were necessary. Document #1 is a technical overview, which was produced and filed with the offices of Mr. Richard Goorevich, U.S. Dept. of Energy (January 2010). Document #2 will be filled with the law offices of Pillsbury, Winthrop, Shaw & Pittman in Washington, D.C. Said 100 page document is an extension of the internal “handbook” mentioned previously.
Comparatives
The above report is supported by comparisons between itself and its apparent counterpart offered by others. We believe, to any technically-oriented reader, there is simply no comparison as related to new fuels, regulatory compliance, truly modular materials and metallurgy, core access, and waste management and, primarily, safety.
Present Direction
On a daily basis, we are reinforcing “DBI Ceramics” (to be formed as LLC) with scheduling of personnel (nearly all currently on stand-by) for the production of civil, electric, mechanical, chemical, seismic, controls and sensor systems, regardless of the final core geometry chosen for the plant in Chile.
About the Nuclear Accident in Japan
Although the events at the Japanese Fukushima plant have created some public uncertainty toward nuclear power, to us these sad events present validation of our concepts and give us more reference to intensify our efforts.
Personnel
• Technical Support - now as independent contractors to become full time employees
• Senior Physicist —The potential candidate has Doctorate, Master’s, and Bachelor’s Degrees in Physics, with several years as an industrial physicist and research scientist with a major governmental research center.
• Director of Procurement —The potential candidate has a Bachelor’s Degree in Mechanical Engineering. Spent 10 years with Boeing in their engineering department. Holds a Doctorate Degree in an unrelated field.
• Business Development —The potential candidate has a Bachelor’s Degree in Aviation Business Administration, with 8 years of experience as a Licensed Stock Broker at Charles Schwab & Company.
• International Procurement —The potential candidate has a background in Interdisciplinary Design in Industry with focuses on computer design and engineering technology. Proposed to act as sat-com director and liaison for licenses. Has 20 years of engineering, marketing, and managerial experience.
• Senior Nuclear Engineer —The potential candidate has a Doctorate and Bachelors Degrees in Nuclear Engineering. Spent 16 years as a nuclear engineer with a major national government laboratory in fusion technology, radiological issues, and environmental and safety analyses.
• Senior Mechanical Engineer —The potential candidate has a Doctorate Degree in Mechanical Engineering, a Master’s Degree in Nuclear Engineering, and a Bachelor’s Degree in Physics. Extensive experience working with the Dept. of Energy and its national laboratories, the Dept. of Defense, NASA and its technical centers.
• Executive Assistant / Project Manager —The potential candidate has a Bachelor’s Degree in Economics, with more than 30 years of experience in business and project management, personnel management, marketing, and public relations.
• Risk Analyst —The potential candidate has a Master’s Degrees in Industrial Safety, a Master’s Degrees in Mechanical Engineering, and a Master’s Degrees in Nuclear Engineering. More than 20 years of experience in nuclear fission safety, energy technology safety, fusion experiment safety, and environmental and risk analysis for Lockheed Martin, Bechtel, and a major governmental laboratory.
• Emergency Procedure Specialist —The potential candidate has a Bachelor’s Degree in Chemical Engineering with experience in small business ownership. Background as a licensed reactor operator training instructor, and in writing nuclear power plant emergency procedures for Westinghouse, SUN Technical, and Exelon Nuclear.
• Civil Engineers —The potential candidate has specialized for 45 years in civil engineering, architectural and structural design, and land surveying.
• Ceramic Component Manufacturers —The potential candidate has specialized for 26 years in fused glass manufacturing that will lend itself to the production of high-temperature ceramics.
• Machinists —The potential candidate has specialized for about 40 years in industrial structural fabrication.
• Sensors and Controls —The potential candidate has specialized for about 30 years in the process control industry.
• Satellite Communications —The potential candidate has specialized for more than 30 years in data transmission, including satellite communications.
• Technical Drawing The potential candidate has specialized for about 20 years in graphic design and technical drawings.
• Publication Design —The potential candidate has specialized for about 20 years in multimedia and graphic design.
• Printing/Binding —The potential candidate has specialized for about 15 years in printing and binding.
For the Record
1. DBI reactor research started in September 1977 and concluded in September 2000. This research was conducted with the assistance of major Laboratories and Universities.
2. DBI reactor development started in 2000 and ended in 2004
3. DBI reactors’ Division of Liability protocol and Construction Hardware started in 2004 and continued through 2008.
4. From the year 2002 to 2010 we have produced samples of hardware, parallel to the incorporation of DBI - Chile (under Chilean laws), based upon our intellectual property.
5. All these stages of reactor development have created about 21 independent patents.
6. With the desire to protect the technology developed, DBI has filed a number of patent cases in the USA and Europe.
7. The incorporation documents in the State of Delaware are now on stand-by.
8. By-laws that intend to stop any potential abuse on the part of potentionally unscrupulous CEO have been written.
9. Conditional transfer of all DBI assets owned by the present stakeholders has been identified.
10. Taxation means of compliance from both the corporation and each stakeholder has been established.
11. Enough material to go public, properly supported, is available.
12. Procedure to sell licenses within international law regarding U.S. National security, relating to the proliferation of nuclear power and fissile material, is being implemented.
13. Accounting of use of proceeds properly supported is available.
14. 40% ownership in DBI-Chile and the respective license in exchange for 8% of gross income from any and all plants built and operated by DBI-Chile, has been implemented.
Provisions
Provisions are also made for a conditional takeover of DBI/CFI with the now available due diligences. A conditional takeover must set the technology value at $140 million (shareholder equity).
Thanks
Many thanks go out to those that have been so wise to continue supporting the program. As I said in my message in December 2010, we are relentlessly committed. We face any difficulty with “eyes on the prize” being no different from those who built this, most graceful, God-giving country.
As always … Most Sincerely,
DBI Operating Co.
c/o H.A. Dauvergne
DBI Founder
