The Perendev magnet motor will revolutionize the industry. To give a little background, magnetic motors are used to generate electricity; they are a low cost means of obtaining decent amounts of electricity. The biggest problem with current models is they have a high maintenance cost due to the need to replace the magnets from time to time. Perendev has claimed to have created a motor that will not require any replacements. If true this motor could go a long way to combating many energy concerns we have now.
The device is said to generate between twenty and thirty kilowatts of power; this is enough electricity to power a handful of homes. Most experimental devices of this type have trouble producing ten kilowatts. The main factor is that all these devices are experimental and whether they will stand up to the rigors of use and time are not known yet. The Perendev magnet motor is currently being developed on a commercial level to be exported and tested in many countries; though they are still many years from a mass production of the motor. Perendev is not the only company working with magnet motor technology; there are many other companies as well as individuals that are trying to develop efficient magnetic motors.
This particular magnet driven engine could be a giant leap forward in how we generate electricity on a daily basis. Many individuals have begun trying to develop their own motors for these purposes and the availability of DIY plans is quite high. Taking such a project on as a hobby could lead to a decent savings on utility bills down the road, but there are a lot of factors and safety concerns to take into account. It is not a hobby to jump into, but one that requires research and determination.