TTSA's metamaterials acquisition - some details revealed

Background

On 25 July 2019, the To The Stars Academy of Arts and Science (TTSA) website carried a post titled "To The Stars Academy of Arts & Science makes groundbreaking metamaterials acquisition." The text of the announcement was:

"San Diego, CA (July 25, 2019) - To The Stars Academy of Arts & Science (TTSA) has acquired multiple pieces of metamaterials and an archive of initial analysis and research for their controversial ADAM Research Project. ADAM an acronym for Acquisition and  Data Analysis of Materials, is an academic research program focused on the exploitation of exotic materials for technological innovation.

The ownership of these assets, which were previously retained and  studied by investigative journalist  Linda Moulton Howe and are reported to have come from an  advanced aerospace vehicle of unknown origin, allows TTSA to conduct rigorous scientific evaluation to determine its  function and possible applications.

'The structure and composition of  these materials are not from any known existing military or  commercial application,' says Steve Justice, current COO of To The Stars Academy and former  head of Advanced Systems at Lockheed Martin's "Skunk Works."

'They've been collected from  sources of varying levels of chain-of-custody documentation, so we are focusing on verifiable facts and working to develop independent scientific proof of the materials' properties and attributes. In some cases, the manufacturing technology required to fabricate the material is only now becoming available, but the material has been  in documented possession since the mid-1990's. We currently have multiple material samples being analyzed by contracted laboratories and have plans to extend the scope of the study.' TTSA will also seek to engage the potential partners who have expressed interest in  helping accelerate ADAM research and development.

'If the claims associated with these assets can be validated and substantiated, then we can initiate work to transition them from being  a technology to commercial and military capabilities,' adds Justice. 'As noted in out October 2017 TTSA kickoff webcast, technologies that would allow us to engineer the spacetime metric would bring capabilities that would fundamentally alter civilization, with revolutionary changes to transportation, communication, and computation.'

A Public Benefit Corporation, To The Stars Academy of Arts & Science is a consortium of scientists, aerospace engineers, and creatives working collectively to empower gifted researchers the freedom to explore exotic science and technologies with the support to rapidly transition innovative ideas into world-changing products and services."

The image which was used in association with the above text is shown below:

Further details available

On 29 September 2019, TTSA filed a number of documents with the US government's Securities and Exchange Commission.  One of these documents, was "Form 1-SA." Item 4  to this form is a list of "exhibits," one of which is labelled "6.22 Asset Purchase Agreement dated July 15, 2019." It is this one which was of particularly interest to me, in relation to the 25 July 2019 announcement by TTSA concerning the acquisition of metamaterials.

This "Confidential" Asset Purchase Agreement is an agreement between TTSA as the buyer and Thomas DeLonge as the seller. Section 1.03 tells us that the purchase price for the Assets was $35,000.

What was purchased?

Section 3.04 advises:

"The Purchased Assets are in good condition. The Metal Pieces included in the Purchased Assets are (i) one 1.75" x 1.25" x 0.25" piece of micron-layered Bismuth/Magnesium-Zinc metal; (ii) six small pieces of Bismuth/Magnesium-Zinc metal; (iii) one piece of Aluminum that TTSA physicist Hal Puthoff already has in his possession  and currently on loan from Seller; and (iv) one round black and silver metal flake that physicist Puthoff already has in his possession and currently on loan from seller,; and (iv) one round black and silver metal flake. The Binder Archive and Documentation includes all records, documents, correspondence, analyses, tests and test results relating to or regarding the Metal Pieces."

[Note by KB - the repetition of (iv) is in the original document. Schedule A to the document has the same text except it does not repeat item (iv). This appears indicative that there was the initial listing of the assets was for four (i - iv) only.]