From official website steorn.net:

Steorn announces plans for widespread deployment of its free energy technology post-validation

Dublin, 11th January 2007: Steorn, the Irish technology development company, has today announced that its free energy technology will be made widely available to the development community immediately after the independent scientific validation process that is currently underway.

Under the terms of a modified general purpose licence and for a nominal fee, Steorn's intellectual property will be made available concurrently to all interested parties, from individual enthusiasts to larger research organisations. Steorn is taking this bold move to accelerate the deployment and acceptance of its technology for both humanitarian and commercial products.

Steorn's technology is based on the interaction of magnetic fields and allows the production of clean, free and constant energy. The technology can be applied to virtually all devices requiring energy, from cellular phones to cars.

Steorn placed an advertisement in The Economist in August 2006 to attract the attention of the world's leading scientists working in the field of experimental physics. It has now completed the selection of its jury of scientists who have embarked on the testing of the technology prior to publishing their results worldwide.

Sean McCarthy, CEO of Steorn, commented: "We have experienced enormous levels of interest in our free energy technology from the product development community.

"Experience tells us that opening up access to technology to all interested parties via the internet allows for rapid third party development. We believe that our technology can have a profound impact on people's lives and are confident that the delivery of our intellectual property via this type of online development and engineering support environment will lead to the rapid deployment of all kinds of different products."

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There was also an article posted in the forum with some more details that sean mentioned in the forum. But to save some people some trouble here it is.

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This article appeared in South Korea's OhmyNews:

Steorn Free Energy
[Update] Firm announces open-source licensing agreement

Gregory Daigle

The free-energy firm Steorn is making news again. Today they have announced their plans to make their intellectual property open to all under a modified General Purpose License immediately after completion of the independent scientific validation process that is currently underway.

Steorn was first reported in OhmyNews in August 2006. The firm placed an ad in The Economist to attract the attention of the world's leading scientists working in the field of experimental physics.

Steorn has pressed on with its plan to market its technology through partnerships and licensing. Today's press release puts a new light on Steorn's role in facilitating the rapid development of products using their technology as the power source.

In an interview with Richard Walshe, Director of Marketing, Steorn's role in development became clear. "Our position would be in the role of assisting our technology into the public domain. The actual deployment is up to the third parties. We are an enabler," said Walshe.

Under the terms of a modified general purpose licence (GPL) and for a nominal fee, Steorn's intellectual property will be made available concurrently to all interested parties, from individual enthusiasts to larger research organizations. Steorn is taking this move to accelerate the deployment and acceptance of its technology for both humanitarian and commercial products.

Those who sign up to the service will gain engineering support from Steorn's own development team (if necessary). On Steorn's online forum CEO Sean McCarthy has said, "... understand that the full development environment [of the service] is designed to enable commercial organizations to rapidly develop products using our technology as the power source."

The fee will be a sliding scale, depending on the person/organization wishing to sign up. "So there will be room for 'hobbyist' members and the fee in this case will be minimal," says McCarthy. The actual pricing levels will be determined over the next several months.

He concludes on the forum, "Again I do have to point that this happens after the technology has been validated and at the same time as the launch of our own product."

And that may be the next update on Steorn.

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Anyone here into developing tech? I am having a real hard time not believing this company has what they say they have.