Lutec, and all PMMs in general, are supposed to operate on the same principle: magnets or ferromagnetic masses follow a different path in their comings and goings in the magnetic field gradient, so that the work performed is different, providing energy gain over a cycle.
As Smudge said about "the usual magnet to magnet reactions", "energy gained equals energy lost, you don't gain anything". This is not specific to magnetism but to all forms of potential energy: the work does not depend on the path but only on the starting point and the end point. These two points give the difference in potential energy that will drive the movement, which is obviously zero when they are the same, which is the case in a cycle.
The fact of introducing additional magnetic elements does not change anything because the same principle also applies to them, including what happens inside the material itself. There is nothing of our knowledge in magnetism that allows us to consider a gain in magnetic mass movements. So if we assume this possibility a priori, and look for a theoretical explanation, it should include the origin of the additional energy and how its extraction is done by magnetism.
A theory being necessary to model our observations, I do not see any point in it if we do not have evidence of unexplained new facts. So I expect IEC to have its product validated by an independent body so that the facts are well established. But even if we took IEC at their word, today we lack the data to develop a theory.
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"Open your mind, but not like a trash bin"
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