D2Fusion sale DOA

Some things apparently aren't meant to be.

Solar Energy Limited today announced that it has ended negotiations with fellow penny stock company Shadow Marketing, as previously reported by the Cleantech Group (see Controversial D2Fusion changing hands.)

The companies had been talking about Shadow acquiring Solar's subsidiary D2Fusion.

D2, an enterprise involving cold fusion enfant terrible Martin Fleischmann, has been focused on developing and delivering "low-cost, clean, waste-free, practical nuclear energy," the company said in a statement.

The work has centered on solid-state fusion thermal energy devices derived from work sometimes referred to as LENR (Low Energy Nuclear Reactions) or CANR (Chemically Assisted Nuclear Reactions).

These reactions utilize deuterium, a common isotope of hydrogen, which when loaded into solid-state materials, produces heat and helium without significant energetic radiation such as neutrons, gammas, and x-rays.

Solar is a public company focused on the development of eco-friendly business opportunities; its common shares trade on the OTCBB under the ticker symbol “SLRE”.

No reason was given for the collapse of the deal.

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