EEStor says something - but not too much

Point out news stories, on the net or in mainstream media, related to polywell fusion.

Moderators: tonybarry, MSimon

Post Reply
PNeilson10
Posts: 30
Joined: Mon Nov 15, 2010 4:42 pm
Location: Denver, CO

EEStor says something - but not too much

Post by PNeilson10 »

http://www.prnewswire.com/news-releases ... 28591.html

High leakage and DF in a ceramic polymer matrix capacitor.

Energy density of > 250 j/cc

As B would say - MUHAHHAHHHAAHHHAHHHAHAHH

mvanwink5
Posts: 2143
Joined: Wed Jul 01, 2009 5:07 am
Location: N.C. Mountains

Post by mvanwink5 »

EEStor has been putting together 52 kwh ESU's since 2009 too (sarcasm in case you missed it). Then there are the fake patent "test" data. EEStor stock pumpers never give up with the BS. I'll believe Rossi has working cold fusion before I believe that EEStor bunch has dog biscuits. Graphene is real and at least has a chance of being translated into reality.
Counting the days to commercial fusion. It is not that long now.

PNeilson10
Posts: 30
Joined: Mon Nov 15, 2010 4:42 pm
Location: Denver, CO

Post by PNeilson10 »

So the 3rd party tester is lying or EEStor is - eh?

Skipjack
Posts: 6805
Joined: Sun Sep 28, 2008 2:29 pm

Post by Skipjack »

PNeilson10 wrote:So the 3rd party tester is lying or EEStor is - eh?
The question is how "3rd party" is the tester.

mvanwink5
Posts: 2143
Joined: Wed Jul 01, 2009 5:07 am
Location: N.C. Mountains

Post by mvanwink5 »

Look at how the test was done and what information was provided. If it was a reputable company you might claim incompetence. Pumpers are always ready with smoke.

Do a simple test to measure energy in and energy out. Provide details of how the samples were selected. Use a company that does those measurements for a living. Don't do those things and have a long standing Rossi reputation? It is just blowing smoke in hopes of pumping the stock, again.

This is a 10 year scam, don't you think it is time to pick another one?
Counting the days to commercial fusion. It is not that long now.

PNeilson10
Posts: 30
Joined: Mon Nov 15, 2010 4:42 pm
Location: Denver, CO

Post by PNeilson10 »

Hilarious

I have personally talked with Dr. Ulrich for a hour or so. I guess he in on the scam too!

Check out his CV here http://www.cheg.uark.edu/4819.php

mvanwink5
Posts: 2143
Joined: Wed Jul 01, 2009 5:07 am
Location: N.C. Mountains

Post by mvanwink5 »

It is sad that people keep pumping a stock so others can lose money. Keep going at it, how many years now?
Counting the days to commercial fusion. It is not that long now.

ScottL
Posts: 1122
Joined: Thu Jun 02, 2011 11:26 pm

Post by ScottL »

PNeilson10 wrote:Hilarious

I have personally talked with Dr. Ulrich for a hour or so. I guess he in on the scam too!

Check out his CV here http://www.cheg.uark.edu/4819.php
I don't see how you jumped to any of those conclusions. Dr. Ulrich is quoted as stating the problem, an ideal solution, and what it could mean. I fail to see a quote were he endorses EEStor or makes any claims. This is poor journalism mixed with poor reading comprehension, but I'm willing to blame it on an oversight.

PNeilson10
Posts: 30
Joined: Mon Nov 15, 2010 4:42 pm
Location: Denver, CO

Post by PNeilson10 »

Er - whose reading comprehension?

Dr. Ulrich is participating in a Q&A conference call for institutional investors at 2PM today 1/31/13

I wonder what he will say?

GIThruster
Posts: 4686
Joined: Tue May 25, 2010 8:17 pm

Post by GIThruster »

I don't have time right now to do the search myself, but both the Air Force Research Lab at Edwards, and Lock-Mart have done studies on EESTore's claims. Lock-Mart is an investor and AFRL was interested for obvious reasons. Anyone who can get the results of those tests would do well to post them. In particular, the results of the testing at Edwards ought to be subject to FOI inquiry if nothing else.
"Courage is not just a virtue, but the form of every virtue at the testing point." C. S. Lewis

papapoe
Posts: 42
Joined: Fri Feb 01, 2013 12:23 am

DOD Refused to Fund EESTOR

Post by papapoe »

GIThruster wrote:I don't have time right now to do the search myself, but both the Air Force Research Lab at Edwards, and Lock-Mart have done studies on EESTore's claims. Lock-Mart is an investor and AFRL was interested for obvious reasons. Anyone who can get the results of those tests would do well to post them. In particular, the results of the testing at Edwards ought to be subject to FOI inquiry if nothing else.
Please don't spread more misinformation about EESTOR. Dick Weir, CEO of EESTOR never sent any EESU samples to AFRL, DOD, DOE, or DARPA for testing. These are the AFRL emails obtained through Freedom of Information Act (the apologist and enabler of EESTOR's fraud don't want you to look back at these AFRL emails):

From: AFRL/RDHA
Sent: Monday, December 29, 2008 7:20 AM
To: AFMC AFRL/RDH
Subject: RE: Emailing: United States Patent 7466536.htm
"Dear ----, Thanks for the info, but I already read it. Find it amusing to follow Dick Weir's
slick scheme and how long he has been able to keep it going. Patent or not, he has never
produced a prototype that anyone has seen, and there are good reasons he hasn't; the design
approach is not feasible based on very basic physics and materials characteristics. See
attached note from several years ago, same, same today. I remember having numerous
communications with Dick Weir and could never get him to provide any test data, samples,
anything real, etc. He said that he had some samples but they were lost and he couldn't find
them. At that time he was looking for a few M$ to set up a production line, and couldn't be
bothered making just a mere sample. As time went on he managed to convince them what has the money to back him based on the production line story. Zenn motors & L‐M. He was supposed to deliver a unit to Zenn a couple of years ago, now it is promised in late 09, ha ha, of course he will need some for additional funding to get the production line operational. Still can't believe that L‐M was taken in by his bull shit and no prototype."

-------------------------------------------------
From: AFRL/RDHA
Sent: Tuesday, January 13, 2009 7:01 AM
To: AFRL/RDHP
Cc: AFRL/RDHP
Subject: RE: EEStor ‐ Wikipedia, the free encyclopedia
"It has been well over five years since ---k and I first had dialogues with Dick Weir (EEStor
chief alchemist) about his miraculous claims. At that time it was requested he submit a
sample to demonstrate the reality of the claims. He replied that he had previously made and
tested samples but they were all gone, lost or destroyed. When asked why he couldn't make
some more very small proof of principle samples; his reply was that his objective was to set
up a high volume production line but needed several million dollars to accomplish it. Over
the intervening years he managed to get millions from Zenn Motors, L‐M and various venture
capitalists. To this very date he has never produced a single working sample of the
dielectric, nor has Northrop Grumman. A simple analysis of the various recipes conflicts
with basic physics and the known characteristics of the materials; unless we allow for a
slight modification in the speed of light. Of course this is something that we must ignore to
avoid offending those who have faith in this cult of electro‐pornographic fiction. We are all
waiting with bated breath for the messiah to return from space with sample in hand and
without the millions of dollars, well spent of course."
----------------------------------------------
Sent: Monday August 30, 2010 2:08 PM
To: CEFO
Cc: RDHP
Subject: EEstor news

Dear -----,
About three weeks ago I told you that Dick Weir (EESTOR) called me and invited me to a demonstration of the efficiency of his energy store; I declined the invitation and deferred to you. Just now I was called by Joseph Murphy, who identified himself as an EESTOR news “blogger” ( for the sake of something to call him). He wanted me to tell all about what I thought of EESTOR and Dick Weir; I declined of course; but did say that if Public Affairs approved I would give him a dump. Actually, after second thought, I don’t think I should say anything because of possible liability issues. He did mention that he spoke to several SANDIA people who were also invited, but didn’t elaborate. He also said that previously he called --- ------- but she declined to discuss the matter. I don’t know how he got my name, but evidently he has access to a list of people who were invited as well as others. He also tried to bait me by commenting that EESTOR was a scam and a violation of physics, I did not respond.
-------------------------------------------------------------------------------
Sent: Monday, August 30, 2010 2:16 PM
To: CEFO
Cc: RDHA
Subject: RE: EEstor news

Yup. I’m guessing he has a list of people to bug. And I did decline. I did not give him your name.
I remember some press out there a while back when EESTOR was getting their “Angel Venture Funding” where someone claimed the DoD was “trying to prevent this technology from becoming a commercial product because it was so great”(paraphrase). In reality, the DoD declined funding EESTOR at the level that they desired (several tens of million $$) and recommended they put in a SBIR proposal to prove they have something worth funding - Mainly because they are full of it.
Anyhow, I can just imagine the way any criticism of EESTOR would be twisted by the “press”.
---------------------------------------
I deleted the email addresses of the AFRL employees because I don't want them to be bugged by followers of the anonymous blogger with the bag on his head.
I have more FOIA emails.

mvanwink5
Posts: 2143
Joined: Wed Jul 01, 2009 5:07 am
Location: N.C. Mountains

Post by mvanwink5 »

Periodically these Zenn stock pumpers make a concerted effort to pump this stock up. Afterwards it falls back. There never has been a prototype. Even now, faux "third party" "test results" are two orders of magnitude below supposed measurements listed in the patent. All bogus. This story is all story, and the reason it is being brought up again is... yes, these stock pumpers are at it again, looking for suckers who have given up on Big Foot.
Counting the days to commercial fusion. It is not that long now.

papapoe
Posts: 42
Joined: Fri Feb 01, 2013 12:23 am

Post by papapoe »

Ops, I forget to post these Air Force Research Labratory emails. As you can see, Dick Weir attempted to scam the AFRL and SANDI, but it didn't work. EESTOR's 7466536 patent specs are fraudulent.

From: RDHA
Sent: Thursday, July 08, 2010 8:35 AM
To: RDH
Subject: EESTOR
----, I just received a call from Dick Weir, EESTOR, who asked me for your phone number. He
claims he is almost ready to demonstrate his capacitor. At first he implied that it was
being tested, then I asked him directly if he had actually completed the fabrication of an
actual device. Well, not quite but we are so close. Says that L‐M and Sandia are being
invited to a demonstration soon. Wanted to know if I wanted to be there; I said that you
would arrange it.
Don’t know exactly what he has for you, but please keep me posted.
--------------------------------------------------------
From: RDHP
Sent: Friday, July 09, 2010 9:45 AM
To: RDH
Subject: RE: EESTOR
What a coincidence. I was at a DARPA review yesterday and EESTOR was mentioned (not in a good
way).
----------------------------------------------------
From: RDHA
Sent: Thursday, July 08, 2010 10:08 AM
To: RDH
Subject: RE: EESTOR
----, I just found on the WWW an item dated 7 July about a demonstration announcement by
EESTOR. However, the stupid ass fire wall blocks me from opening it, will check it out at
home. Also, after seeing this announcement and thinking about what Dick Weir was saying, I
predict what the demonstration will be. He told me that they have constructed a complicated
test apparatus that carefully measures the energy in to the test object and then the energy
extracted to show the high efficiency. I suspect he will run the demonstration at low energy
density but claim great success for achieving a high efficiency and then make a pitch for
more funding to increase the energy density. He did mention that he needed more funding.
After seven or eight years and several millions from Zenn Motors and L‐M, it will take a new
round of bullshit, and an impressive highly visible grand stand demo, to bring in more.

papapoe
Posts: 42
Joined: Fri Feb 01, 2013 12:23 am

Dick Weir/EESTOR said a lot in 2009

Post by papapoe »

In June of 2009 Dick Weir CEO of EESTOR participated in a conference call for institutional investors to assist Zenn raise $10 million dollars of which EESTOR received $5 million per prior agreement. The conference call was leaked onto the Internet. What ensued after the conference call was a successful pump and dump..Zenn stock price nearly doubled from $3.50 to $7.00 based on the misinformation communicated by DW. The pumpers, rumormongers, apologist and enablers of EESTOR's fraud don't want you to listen to the conference call. They make excuses it's none of your business, it's a private conference call, or DW was misunderstood. I know exactly what "I'm already out there putting EESUs together and I'm still in June." means. These are some of the highlights of the conference call used by the pumpers of EESTOR (who have stock in Zenn) at that time to pump Zenn stock:

“We’ve done our homework, and you’ll see the results when we get into 2010… you’ll see a very effective and constant ramp-up to our production capabilities.”
"We anticipate being in a production base of proto ... of pre-production units in the fourth quarter this year. I'm already out there putting EESUs together and I'm still in June. So, it looks like I'm a little ahead of schedule. So, it looks like I can certainly meet that schedule."
"We're 85% completed on our first production line. Which is a modular concept. And so when this is done, it is full production."
"And we've told the world that you can anticipate us being in a proto in a pre-production mode of ESUs by the 4'th quarter this year. Uhhh, here it is June and I'm already putting the systems together. So I'm ... it looks like I'm ahead of schedule."

You can listen to the misinformation coming out of Dick Weir's mouth from the leaked conference call at: http://www.4all.com/uploads/DW_Confcall_jun2009.mp3 I posted the transcript of the leaked conference call below.

EESTOR never had EESUs meeting the '536 patent specs 20 years ago (his pr agent-MUAHAHAHAHA- wants you to believe he had prototypes 20 years ago), 9 years ago ('536 patent submitted), or in 2013. It's obvious why EESTOR never sent test samples to AFRL, SANDI, DOD, DOE, DARPA. They had his slick scheme figured out.
---------------------------------------------------------------------
This is the transcript from the leaked conference call ("W" is Dick Weir, "I" is the interviewer)"

W: is Dick Weir
I: is Interviewer, unknown, at time of transcribing


W: Well, ahh, the basic building block that we use here and that both Carl and I have extensive knowledge of is Composition Modified Barium Titanate powder.

Well known the best powders of the highest permittivity of any materials in the world. Although they have some very significant problems. And people tried for about 30 35 40 years to solve those problems by variety of techniques process and that stuff. Ahhh, but classically they never really took the full approach that we did to attack those problems on an individual basis as we go through a production process.

We saw in the past what they did the ... take these constituients Barium, Titanium, Calcium, Neodymium, Manganese, Yittrium, Lanthium, Zinc and .. and put those into a ball milling system and ball mill these powders down so they get it into a reasonable size.

And they would then take and calcine those and they would grow together, Very high temperatures and then they'd calcine them again ... but ... they'd ball mill them again.



They kept that process up until they got something that was half way decent. But still a looong long way from optimum.

Ummm, in looking at that process if you make capacitors out of those materials, and this is were the guys in the industry they said well the voltage is such a deep problem. Well, it was for them. For after all they did not take the time to solve the technical problems properly. And therefore you apply a voltage to those type of powders and they lose permittivity over time.

And also if you are very high voltage, you get what's called the main domain wall slippage and you lose all the permittivity. So those are some nasty problems that had to be overcome, if one is going to work with Barium Titanate Composition Modified Barium Titanate powders. Well, the first thing we concluded that {there} was just no way to ever make this work using ball milling. So we said we would use our experience in chemistry and make this a full aqueous process.

And the reason you can do that is that you can get these materials all in a nitrate form. And nitrates are water soluable. But you can't blend them together. If you did that a lot of them would just plain fall out and you couldn't get a good blend. So we had to invent some chemistry so we could pull off the aqueous process. That took us about a year of work there, of really going through and getting the chemistry optimized so we could blend this stuff together and get the proper constituients that we're looking for.



Well, we're happy to say that that suceeded. We've done a great job because a lot of this stuff has been out here over 3 years, 3 1/2 years, and no degredation whatsoever. I mean zero. De nada. So we're very happy that we really have superior chemistry here and from the aqueous process.

Then we went into a great detail purification process. The 2 ions that are very detrimental to getting to high voltage is sodium and potassium. Like if you put salt inside of water ... the resistance of the water goes down because you've got free ions in there. We went ... worked hard to invent processes where we could purify all of our activating chemistry and also the coating process we put on these powders.

And the reason we coated the powders, to just back up a little bit, was aluminum oxide which is the highest resistivity material in the world, and the best sealant in the world, because when you add voltage to these materials you lose oxygen. If you coat the particle and it says so in our patent so this is all public information. You kill the loss of oxygen which totally shuts down the problem of putting voltage onto these products and losing permittivity {over time / aging}.

So, that was a big breakdown. And Carl and I used aluminum oxide before for... in secur? world for the same reason. So, we have a lot of experience in that.

A coater? powders took a patent process which we have working out here so we coat the powders very accurately. And so we know how to put those powders on particle on each particle and keep it down to 100 Angstroms plus or minus very few Angstroms. We know how to put it on very accurately. Again, one of our patented processes.

4:38

So we got going on the purification, got that going and that took us about 6 to 8 months so that was into the second year. And then we certified that when we were done with SouthWest Research downer?. Any thing we do ... any news releases we always get it certified. No hype.

Southwest Research is one of the most sophisticated chemical analysis companies in the world. And we sent it to them and they analyzed it and our particles purity was in the range of a parts per million. And then to a little bit of work on aluminum? nitrate and a few other things and we got it down to parts per billion. Now, if you take and purify our stuff down to that level and we uhhh ... a certification on that we mentioned in one of our news releases. If you certify ... Let's take one, let's take the aluminum oxide. You certify it down to that level. The voltage breakdown on the aluminum oxide, certified mind you, in our news release, is 1100 Volts per micron. Now we're at 350 Volts per micron on our working Voltage. And you see we're more than 3 times away from our working voltage. Which is more than enough for safety of that type of activity, for voltage breakdown versus the working voltage. Usually 1.5 is more than enough. Were we see we're actually a little better than 3.

5:57

So, no real heartburn there of getting our voltage. Now another thing on voltage and I did put that in another news release is that we work deep into the paraelectric phase. In the paraelectric phase we have very sophisticated test data certifying that in the paraelectric phase there are no domains. And this is where the people out there ... the bloggers out there ... well, my God, you know, you're going lose your permittivity. Well you would if we were in the paraelectric phase.

6:24

I'm sorry. In the ferroelectric phase. Barium Titanate, Composition Barium Titanate is a 2 phase material ... is Barium ... it has a paraelectric phase and a ferroelectric phase. Now, all the colleges and universities and all those PhD guys out there are very familiar with the ferroelectric phase. If you apply a voltage to it you get to the voltage and have the main domain wall slippage and you lose your permittivity. It's not true if you're in the paraelectric phase and I pointed it out very clearly in one of our news releases. If you're in the paraelectric phase, it is very difficult to get polarization saturation cause your dipoles shift ... they are now electron clouds and you can expand them.

7:03

And on top of not only that, we have a patent process, a patent pending process, where we can polarize our dipoles so they *all* shift through 45°. That means our polarization saturation has been improved by at least a factor of 4. Well, you see, that's not taken out ... a non-problem, now. So not only got the voltage breakdown under control, I got polarization under control, we've got the purification behind us, the chemical saturation ... er the chemical stability is more than proven for a 3 year period and all those chemicals last minutes at the factory even ? the pour goes that quick. And we got it lasting 3 years.

7:45

Once you've got all this done, now you've got it where your chemistry and all this stuff but ... now you need to, after you blend this stuff you have to take that blended chemicals ... chemistry with the constituents in there, and you have to produce powders out of it. And the technique we use there was always ... by the way, this is all unique, there's no books on this. You take that and you put an activating chemical with that using a very particular sets of processes and you produce powders.

8:10

When you do that, you can set the powder size in the neighborhood of .65 {microns}, which we did. And when you do that you get exactly the size of a crystalite which they won't talk to each other. Then when you coat 'em, you've isolated ... you've now sealed in all the goodness.

All that's behind us now and all that is working and all of our high technology has been completed up to that point and then beyond it.

The last thing we had to invent was a decomposition and calcing phase where you now have to take your powders and remove the activating chemistry without destroying your chemical structure.

--------------------------------------------------------------------------------

8:45

And then you take it up to a calcing temperature and you calcine it where you densify it up to the 99.99% level. In other words, highly densify it. We're happy to say when we did that we showed through what they call drift ftr very sophisticated ftr analysis and quantitative X-ray diffraction that we truly had hit the home run because all of the activating chemicals down to parts per trillion. You couldn't find it. So we totally removed it and our decomposition calcining phase produce powders that have perfect cubic Peroviskite structure. That means you're deep into the paraelectric phase. OK. We knew we'd hit the home run then.

9:30

Then we took care of a few other processes - agglomeration and things and we started making powders. When we made the powders we were very happy surprised not surprised happy to see that we truly did hit the home run and the permittivity was 22,500 and or higher. So we don't want to tell the world exactly what we got. We told that to ZENN.

9:50

ZENN hired a company over here called PTI. A professional testing organization. And a gentleman named Dr. Golla, who's also workd for Texas Research International, and they worked for ZENN Motors and came into our factory after they signed a non-disclosure agreement and they ran the test for the permittivity certification. We're happy to say it passed the test with flying colors. We told the world 18,500 and our test shows 22,500 and greater. We're just not going to tell how great it is. But there it is.

10:25

So we've met passed all those milestones and we passed that technology there we've been going very hard now. ZENN made a payment for the 700,000. We took that and we're putting, again, that to very good use. We've got equipment out here. We're actually installing our stuff now to go into EESU production. And we've told the world that you can anticipate us being in a proto in a pre-production mode of ESUs by the 4'th quarter this year. Uhhh, here it is June and I'm already putting the systems together. So I'm ... it looks like I'm ahead of schedule.

10:58

So things are happening very quickly.

I: How much of this material have you produced?

W: Oh, ... tens of thousands of grams of it, per time. So a huge amount. It's all automated, by the way. Remember what I'm putting in ... What I got funded for by Kliener Perkins Caufield Byers was not to do R&D. Although we finished R&D. Was to put in a full production line. And that's what we got here. We're 85% completed on our first production line. Which is a modular concept. And so when this is done, it is full production. So I can actually press buttons now and produce powders. So all of that has been automated and the automatic controls in there for all the chemistry is been complete. Then I'll be putting in controls now on automation that merely pick and place robots for taking the components and making EESUs with them.

11:52

We'll put that automation though probably in the first quarter of next year. First get everything going. We can make it work. Working very nicely. Get some pre-production units out of here for testing. And for our customers to build product out of.

I: OK. And then when you talk about going into the EESU production. What are some of the key issues in going from the material into more of a product prototype.

W: Well, the key thing is what we've got is ... The thing is can you get the hardware quick enough to actually reamp up and put your lines in at a very effective time frame. I'm happy to say that all our suppliers are US based. I got one Canadian supplier doing a great job. We're ... North American based. And they all can produce the stuff in a very timely fashion. It's more off the shelf type things. So, I'm not asking for some, you know, $5 million complex piece of gear. It's more in the neighborhood of something $50,000 and I can buy it off the shelf.

13:00

Very cost effective and time effective. So I think we've got that well under hand. I think the materials is a very very nice story there. Barite, which was Barium, was used in the front end of TV sets. If you go buy a TV right now there's no more ... it is hard to find a CRT TV set unless it is a small thing for a computer. Most of it now in fact is very ? DLP and or other types of technologies. CDP and so ... We're the best friend of the Barite company the Barium company's got in the world. There are major sources of Bariite found in the United States. But a new one is just found in Nevada. We're writing? to get the sole rights to that. And looks like that's going to be done. Then we have large amounts of it in Mexico. And owned by US companies. You can also bring that in from other parts of the world in very high volume. So, the United States Geological Service, with *out* the stuff I've got in Nevada, says there's at least 2 billion tons of stuff in known reserves.

14:04

That's unlike Lithium ion where there is a small amount down in Chile, where they got the brine. You run out of that, then you've gotta' go over to China an get it from China. Uhhh, if you think we're in trouble with oil, wait till you have to go to China to get your Lithium.

I: OK. All right. In fact ... In terms of the ... going from the science to the application ZENN is talking about ... in terms of a storage unit that can be used in cars, how much of that is something you're developing versus something that ZENN needs ... would come in and help you with? and, and ... or is that in terms of ... ?

W: We've really made great progress on that. ZENN has been very effective giving it their required specifications. We've taken those specifications to our circuits company that builds our circuits for us. A company called Polarity. They're out of California. ZENN has gone there and came back very impressed. I was lead to them by the Air Force Research Labs because they're so effective in building high performance converter circuits for them. However there are multitudes of companies around the world that could build these circuits in high volume. But, I got started with them so ... they're building our circuits right now. They're actually putting the ZENN circuits together literally as we speak. I'll be going out there, if not next week the following week after that to have a long session with them to talk about getting the parts in here quickly so I can not only do ... I don't want to stop and build circuits for component testing I want to use their circuits for full EESU testing. Which is also component testing. So I kill 2 birds with 1 stone there. And get that in here and get that tested and get UL in here start looking at it. So, that's going quite well.

15:55

They're also building other circuits for other customers. But, first ZENN. ZENN first. ZENN's getting its circuits first.

I: K. All right. ... take a step back and talk a little bit about the company. The EEStor. Can you talk about how you founded and how you brought on your investors and what the ... who owns how much of the company at this point?

W: OK. When I got started, I ... Way back when I first did this in California and made it all work, the problem I had at that time was the circuits' cost were very expensive. I could build it, but it would take a lot of money to build these converter circuits. I could have had a nice customer. As military. But unfortunately, I was part of ? scientific ? I built the chips that went into these ?. About this time the Russians threw in the towel and we didn't need it any longer. <laughs>

16:55

So, I shelved it and went into doing some work for the disk drive industry. And made some money there. Pretty good money. And about 5 {or} 6 years later I moved to Texas and I went back and looked at the circuitry and I was pleasantly surprised to find out they had IGBTs, which is a type of transistor, that in the $1.50 to $1.10 range, and even cheaper now, that could deliver, you know, tens of thousands of volts and thousands of amps. And you also can buy them in flip chip mode and put them on PC boards. So all of a sudden the circuitry became available. And that made that.

Then I said uh-oh, now we got it made. And I started working hard on patents and business plans and etc etc . And, I met Ian Clifford through a tech ... I think a common friend that you were interested in electric cars and I was calling people in the electric car business.

And Ian and I sort of, locked up. And he became very interested. And as I went forward ... And then of course I got locked in with Lockheed Martin Corporation. And about that time I got locked up with Kleiner Perkins Caufield and Byers. And Lockheed Martin Corporation had 3 of their divisions review our technology. So, I'm really in deep with Lockheed Martin. And here's what Lockheed Martin told everybody. We can't guarantee this works but we can't find reason why it won't work.

--------------------------------------------------------------------------------

18:23

I think the people ... the scientist Ian hired to come out after many days of analyzing what we're doing here made the same statement. He said My God, these guys are going to be the greatest capacitor company in the world, which we will be. About nine divisions will be working on. But, you know, we've proven everybody right that we have made it work and we're happy with the progress and where we are on status. I really don't have anything left to take this thing into high volume production now to prove, because everything else I'm doing here has already been proven.

18:55

Uhhh, ramp up is basically taking ... getting a building built ... taking one more module line into that ... training people how to put it and then, then just replicating that line at a very controlled rate and with the increase of our permittivity now, the amount of powder that go into a product has been reduced significantly. So I can produce a lot more EESUs, per line, but since it is modular, if something happens, I don't shut the whole factory down. I go fix that line and put it back on line. So, I think we've got an excellent plan. I've done that for another industry, the disk drive industry I worked in many years ago and I modularized that ? in a very effective manner. They achieved great success and high success in high volume production in the disk drive industry.

19:44

I: OK. You mentioned Kliener Perkins and Lockheed.

W: Uhuh.

I: I think Kliener has an interest in you and ... how much do they own? Can you tell us that?

W: They own about 20 some percent of the company. I can't give you an exact number. But, it's in that range.

I: OK.

W: Ummm, they ... We really stoped being a VC company probably about 2 ... 2 1/2 years ago. When we took the first investment with ZENN Capital there that was common stock. And VCs just don't work in common stock. They're invested ... they have to guarantee preferential treatment. Since that went through we've got money through other sources right now. And more money is coming from those sources, non-diluting sources, so they admit it. That we're just not a VC company anymore. But we stay friends. Hey, they own stock in us and they'll get the great rewards because of it.

20:36

I: OK. In that ... Roughly how much did the founders ... How much do you still own? In ...

W: We still ... right now own controlling interest in the company.

I: K

W: Even after this investment we'll own controlling interest in the company.

I: OK. Along this path ... is there ... when Lockheed came in ... were ... did you have an interest in having them come in as an investor? ... Were they interested in ...

W: Nah, we really didn't want an investor there. It just wasn't ... What we ... The reason I really been working with Lockheed so long over the years. First of all, I know ... I come from that world. At TRW I invented the chip that went into Deep Space ... I worked for the CIA for Scientific Initiative. They needed a ultra high frequency channel. They came and recruited me. I invented that channel for them.

21:29

But I learned when I was there just how difficult it is to do military contracts. I know there was a about a 6 story building over there full of people working very diligently in just getting military contracts.

I: Right.

W: I can't do that.

I: OK

W: So I said let's do something better than that. Let's get in bed with Lockheed Martin and when I went and gave presentation? to CIA and they suggested that. And so I did. And that 's worked out exceptionally well. We now have a contract with them where they handle all of our contracts with ... government contracts ... with Department of Defense, Department of Homeland Security. And writes? rides? rights? other worldwide contracts. So now I don't have to be a military contractor. I went and got the world's best.

I: Umhh

W: And they can be between me and the Federal Government to handle all this stuff. Then they write a commercial contract with me to supply parts to Lockheed and or for military contracts for other groups. So that they can build these mission critical systems.

I: OK. Since you're no longer a VC ... Does that mean you guys are seeing revenue come in from Lockheed, at this point? ... Significant?

W: We had a con ... government contract and we received money off from it, but not revenue. But just, uhh ... they wanted to do some technical studies. We did that for 'em. And they paid us some good money for it.

22:47

I: All right.

W: It was a DARPA contract.

I: K

W: Which will lead to a bigger contract.

I: All right. ... need one more last question on the technical. ... Er, on the corporate side. Before going back to this. The proj? in the VM?

W: Umh

I: This final ... In terms of the uhh, valuation of the investing rounds, can you talk about how you came up with those or what ... around, you know, what the investment valuation is? It looks like, the uhh, you know, for ZENN's next investment round the valuation is around $75 - $80 million dollars.

W: Well, you know, that's ... since we hit that first round, we've accomplished a massive amount. <laughs> And if you want to take a look at our valuation right now, in fact some of the people who are close to ZENN said the valuation should be in the neighborhood, and we agree, in about the $500 million range. You make an ESU work, which we're really hot on the trail getting that done, God only knows what we'll be valued at, then. We go out there and raise about any size of money you can think of. And all non-diluting. So, ahh, the $70M was derived way back when we did this. Started the company at $10M. We had accomplished quite a number of things in our chemistry and all those things were been accomplished. And certified. So, we got together with Stan? an set a number of $70M and had two traunches at the $70M. Which I think is a good deal for them.

I: Yea.

W: We're not greedy. Now, could we actually take this money and go out and get a better valuation? Of course we can. But, a contract is a contract. So that's where we are.

24:28

I: All right. Good. I think that helps with them? ZENN? ... with that part of our understanding about the business. In ... If ... The other part we want to drive into a little bit is just the, uhh, your thoughts on the applications ... so it sounds like, you know, one the applications you looked at the automotive industry and you've gotten ZENN to come in to help you with ... developing the, uhh, the relationships with the car manufacturers and ... other parties. On the military side you have Lockheed. As one of your partners. Can you talk about ... more generally what other applications you're looking for and how you plan on ... market ...

W: ... we're really working on ...

W: I'm sorry for stepping on ... you have something else to say there?

I: No, that was it.

W: Yea, if you take a look at what we're ... where we're going to be dominant. And the areas that we'll be dominant in. It really gets around anything dealing with energy storage which is about everybody. You take grid load leveling for example? . I'm working very hard and I got a patent ... 2 patents on grid load leveling. So you can take the grids of the world and put our batteries on it and charge 'em at night and dump 'em during the day. Well known fact you can put 45% more electricity on the grid and do nothing more than put our batteries on there.

25:54

Because they don't throttle those plants back at night. It's impossible. So all we're doing is getting? effective use of what we have. That amount? of electricity could be supplied electricity for the electric vehicle market, as it emerges. So we've got ... not only are we going to give the electric vehicle market a boost but also give them the energy to run it.

Wind and solar. We make wind and solar real.

If you take our batteries and those with wind and solar, what you do is amortize out the variations and make it highly stablized. You can make a wind farm look just like a coal fired plant with our batteries. And make it very cost effective. So that gives another way for North America to be really energy independent at very reasonable period of time on a reasonable investment.

UPS {Uninterruptible Power Supply}. We make UPS real.
Right now it's lead acid battery driven. And it has a very bad name. We put a battery with a UPS, it's there forever.

Military and NASA. Of course we're already with ... heavy in with Lockheed. And there's mission critical programs over there. Where they just have to have our technology for those.

PC and hand held computers.
We can take a battery for a PC in the same frame or a battery for a hand held or for a cell phone and give you 3 to 5 times more energy storage that will never degrade on you as you can charge in a second.

--------------------------------------------------------------------------------

27:24

We love Lithium ion. With the prices you've got, you can make a lot of money there.

Electric vehicles of all types. I think we're going to be the winner.

We're dealing a lot with people in the electrical vehicle business. But I think that's going to take time to emerge. But I don't ... I think ZENN Motors is going to be ... It's going to be very interesting to see them grow dramatically as they capture that electric vehicle market. I've also got a contract with a two wheel three wheel company. Uhh, they say ... I told when they fully started that, you know, you guys got a $20B company and they said, they thought I was really humourous. When they got the start they said Dick you're missing. It's more like a $40B market. You take that electric ... that 2 wheel scooter and bicycle, worldwide, you can't make enough of them.

Portable tools. I've ...

I: I mean ... for ... it could take a little while to develop? Or take some time?

W: ... nice thing about the electric ... the reason I really worked hard to get that done. I know the guy there very well. Is that time to market is short there. You don't have crash tests. And our battery will be UL approved. Which is more than enough to put it on an electric bike, worldwide. You put the bike ... you put the motor on the bike, you put the battery on the bike and you sell it. So, it is quick to market.

I: yep.

W: Portable tools. I've already ... in deep deep with the people in the portable tool business. They're waiting for me to emerge and then they'll come on strong.

And then there's the capacitor market.
That's about a $9B market and I already got companies trying to get me to make capacitors for them. Cause we can take aluminum electrolytic capacitor, which is the scourage of the industry. If anything fails it's aluminum electrolytic capacitors. You take a 5,000 micro Farad aluminum ... it's 450 Volts it's about 8" high and about 4" diameter and sells for about 300 some dollars. We can put that on a small flip chip and put it right onto ... into a board. The thing will never, never, never will fail on you. So we can do great in the capacitor market.

29:23

Where are we going first? It's obvious. ZENN, two wheel, we're getting started there. After that, we'll have to sit down and do some decent selecting because there are some very high profit businesses that we can get into, very quickly.

I: All right. And let me just ... an order of magnitude. Can you walk us through how the relationship with ZENN works? Let's say they have ... they were to sell a battery using your technology. How would the ... how would the revenue work, between ... you and ZENN?

W: The buy it for a certain price and put it in their car. They pay ... right now our contract says $100 / kWh, excluding electronics. That's extremely attractive. You take a Lithium ion battery right now ... it's 350 to 1200 dollars, depending on whether you're buying junk or these ultra nano things which are extremely expensive and they still wear out. So, uhhh, what does ZENN get out of this? They get market ... quick to market with a technology that they can show that the customer has a totally safe product and give them what they want. If they want to put a 300 HP into a car, they can do it. We give them the energy for that.

30:30

I: OK

W: So we got open field.

I: In terms of uhh, can you give us a sense of what your costs would be for ... for producing the battery or producing the material?

W: I just gave you the price. I'm not? giving you the cost. Kinda ... price we say? ... we've got contracts for $100 to $150 per kWh. Excluding electronics. Like I said, that puts me well ... that even puts me right there next to the lead acid batteries, which are about $100 {to} $150 per kWh. So, ummm, we have ... we are very attractive from a price performance point of views. Nobody is going to compete with us. Certainly not Lithium ion.

31:10

I: From your perspective, how long do you think ... how long do you think it does take for ... at least in the vehicle space ... how long to really see this in the market?

W: Say it again, sorry.

I: How long ... I mean just from ... I mean from your perspective, you know, being one step removed from the OEMs ... looking at the technology and seeing how it fits in with ... you know, the overall EV space, how long do you think it takes before it becomes a well accepted technology and sort of replaces the Lithium ion and Nickel hydride batteries?

W: Its ... ? mission critical.

I: ummhh

W: ummh, My God, take a look at us. There's people out there ... there's near hysteria. Need is always a wonderful thing. And the need is very high for our technology. Once you get a UL sticker, I have learned, which is why we're going to UL, very very ... and I have patents to getting through that like ... I have a fusible link that if you take our batteries put in a box, a metal box and to pass UL you've gotta' take a probe and pound into that thing and nothing bad's gotta' happen. So I have a fusible link design and patent ... pending patent. If you do that it shorts out the fusible link on just one component. And nothing happens. Within a millionth of a second it's gone.

32:29

UL is ecstatic about that. There's nothing corrosive, harmful {or} explosive in our technology. If it is in a car and gets crumpled up, you'll blow all the fusible links and you're totally safe. No explosion. No hearts? parts? . No nothin' So we got very very happy from that point. And there is nothing ... there is no chemistry that's out of our box. It's all solid state. It's not like all the deep ... electrolytes ... that are in a Lithium ion battery or a Nickel metal hydride or lead acid. We don't have that. It's all gone. So that makes it extremely safe. So I think the time to acceptance is gonna' be ... well, take the bike. I put it on a bike, rolls down the road and everybody is going to be happy. I think, also, I think ZENN is going to happen very very quickly on the ... stuff their going to be selling because of the UL and the fact that I think we can get through tests quickly, because of the demand. People will want that electric car. And they're going to test it. Don't get me wrong. But we'll be able to pass those tests very quickly cause we already have UL and all the safety features we put into it.

33:36

I: And ... can you remind us, again, in terms of the key milestones coming up ... you talked about the ESU testing and the UL certification ... how does that all line up, in terms of what has to happen ...

W: What we're telling the world. We're telling 'em this. Properly funded, $5M certainly does that. We anticipate being in a production base of proto ... of pre-production units in the fourth quarter this year. I'm already out there putting EESUs together and I'm still in June. So, it looks like I'm a little ahead of schedule. So, it looks like I can certainly meet that schedule. Get ZENN some prototypes here pretty ... I'm sorry. We don't make prototypes. Pre production units by the end of this year. Once I do that, all hell's going to break loose with them? ZENN? and at EEstor.

34:27

I: And does the UL sticker come before that or does that come ...

W: Usually done ... at time frame ... Here's what I'm doing with UL. I've done this before. We're going to do ... the company that you hired ... guys ... over ... Ian and Brian at PTI is a company that works for certification at UL. So I went to their factory and they have ... all ... lotta' the stuff I need for certification ... like vibration, shock test, all kinds of things like that so they can help me out considerably there. All the voltage tests and probe test will be done here. And what you do, and UL is more than happy to do this, is the quickest way you can do it, is have everything set up by a company like PTA where they walk in, view the tests, write down the data, do the tests until they're satisfied and they walk out. Same thing here. We'll do the tests here. Now you can do it under your controlled manner and your time to do that instead of years is months. So we get that done as fast as they can. I've already started that process. I'm also going to get what is called a family approval. Done that before, too. Building supplies, you know, you can have a small supply ... you release the mid one. If I have the ESU that's around 10,000 kWh or 15,000 {meant 10 kWh or 15 kWh}, and I start building stuff down for the phone market, I just send in the drawing. They say, yeah. And they send me back a sticker. I can put the UL sticker on the stuff for the phones. And or if build something larger ... a 52 kilo watter, same thing there. So, I'm going to get family approval and I'm going to control all of the UL testing. With that, I should be really ... by the end of this year, I should make great great in roads and hopefully have got the UL out of the way.

--------------------------------------------------------------------------------

36:10

That's what I anticipate doing. I called UL and started this whole thing 3 years ago.

I: All right. We've only got a few more minutes here before we've got to wrap up and do another call but ... in general what are some of the biggest concerns that other people have or mis-perceptions do you think? I mean, you mentioned one already with the uhhh type of phase it's in but ... are there other things people are concerned about in terms of this technology and ...

W: Well, the most thing you hear about these bloggers is Voltage and I just showed you where, you know, sounds like they don't read. So that purity and the fact that I have test data showing that ... we we ... and also polarization. So I think that overcomes that. Other people I've talked to today, one of their concerns is ramp up. But that's where the modular concept and all the equipment I have out there, suppliers have all been identified. And it is off the shelf equipment. It's not like I'm going through some major re-design of their equipment.

I: mmmhh

37:20

W: Also I don't have things out there that cost 3 to 4 million dollars. It's more like 50 to 75,000. Very cost effective production. So I feel though that we have things under control. And also supply of all of our materials and chemicals. We've got that well under control. So, I think we've done our homework. And I think you'll see the results when we get into 2010 and you'll see a very effective and very constant ramp up of our production capabilities.

I: OK. Is there anything keeping you up, at night? Anything your concerned about?

W: <laughs> I write patents, at night.

<more laughter>

Call me any ... night you're writing a patent. I've got 18 of them pretty well done, so I'm caught up, pretty well. I'm really happy with the patent process we made. I put the new status in the investment package. And you can see, my God, we made vast vast in roads in getting the patents done.

38:15

I: OK. All right. Anything else? I think that's all the questions we had. We really appreciate ...

W: yea, but if you have others, you got my phone number. Give me a call.

I: All right. All right.

W: Not a problem with me.

38:32
----------------------------------------------------------------------
Transcript courtesy of Texas.

papapoe
Posts: 42
Joined: Fri Feb 01, 2013 12:23 am

EEStor Fraud Story Will Be Ending Soon

Post by papapoe »

It appears there is interest about EEStor on this forum, that is why I am updating this thread.
Zenn and EEStor finally agreed to an independent 3rd party tester, "Evans Capacitor" of Rhode Island. To make a long story short (this EEStor fraud has been going on for nearly a decade), Dick Weir, CEO of EEStor (chief alchemist) will not be able to make excuses for his scam. Since the start of this thread, there has been 3 independent test companies (System Engineering And Laboratories, Criteria Labs, and Tescom) allegedly performing tests on EEStor's layers at EEStor's facility in Cedar Park, Texas (see PR below). All the results of the tests were released by Dick Weir in a PR, not by the test company who witnessed the test. I predict by the end of this year, the EEStor fraud will be exposed...we will see who gets the last MUHAHHAHHHAAHHHAHHHAHAHH.

The following are all Zenn and EEStor press releases since the beginning of this thread, Jan. 30, 2013:

EEStor, Inc. shows preliminary results from Paraelectric Dielectric path
CEDAR PARK, Texas, Jan. 28, 2013 /PRNewswire/ -- EEStor, Inc. ("EEStor") is pleased to report the materials science context for their work and preliminary (pre-certification) results from energy storage layers built in its pilot production facility during early final tuning. The preliminary results show EEStor's patented and unique composition modified barium titanate (CMBT) powder delivers the benefits of solid-state energy storage when used as a fundamental constituent in a paraelectric dielectric.
On Dec. 28, 2012, EEStor's President Richard Weir hosted Dr. Rick Ulrich, Professor of Chemical Engineering at the University of Arkansas, for a review of and conversation regarding EEStor's work in pursuing a paraelectric dielectric path for high density energy storage applications. In particular Dr. Ulrich was provided access to data and materials related to EEStor's CMBT powder.
Dr. Ulrich made the following comments regarding his meeting and on the test data shown below:
"Dielectrics with the properties shown here would provide unprecedented amounts of capacitance per area. The possibility of obtaining ferroelectric-sized permittivities with the stability of a paraelectric material is very exciting. A dielectric with a permittivity of 1000 is considered high in current capacitor technology, so materials with the permittivities reported here would be an important breakthrough."
"Capacitor dielectrics that show very large permittivities tend to lose storage capacity as voltage increases. It's long been a goal of the dielectric community to solve this problem."
"Materials like this would find immediate applications in both signal and power electronics."
"While there is still work to do in order make these dielectrics suitable for powering electric cars, this level of power storage represents a significant advance in the art."
Preliminary EEStor results and next steps
In prior press releases, EEStor has indicated certain tuning results where EEStor had combined some, but not all, of the constituents of its dielectric to show performance control of some of the parameters that would be required in completed commercial energy storage layers. Engineering tuning work provides the blending, mixing and curing data necessary to optimize finished layer construction where all constituents are combined. EEStor entered the final phase of tuning optimization of commercial layers that include all necessary and desired constituents in the fourth quarter of 2012. Preliminary results of one such production run were recently retested and verified by personnel from System Engineering and Laboratories ("SEAL"), a professional engineering organization headquartered in Tyler, Texas with the following results:
Manufacture Date of tested layers was Nov. 27, 2012. SEAL have verified the following parameters:
Layer
Capacitance measured and verified at 100 Hz & Applied V
(uF)
Dissipation Factor (%)
Leakage current (mA) @ Applied V
Layer dielectric thickness (microns)
Area of layer -
10^-6 M^2
Permittivity (k)
Maximum applied voltage (volts)
Energy density of dielectric layer only (w.h/L)
A
.74
23.9
.0007
77.9
40.13
162,291
1500
73.90
B
.29
11.2
.0003
62.6
40.13
51,093
1500
36.1
C
.022
4.5
.0002
88.8
40.13
5498
1000
.86
D
.021
4.5
.0002
60.9
40.13
3599
1000
1.19
Testing equipment used included:
QuadTech 1715 LCR Digibridge LCR, Keyence GT2-212K, Yokogawa WT3000, Stanford Research PS350/5000B-24W
These data are not the best results achieved by EEStor in any category but are shown to indicate that the benefits of the paraelectric dielectric path are being delivered through EEStor engineering processes and in a pilot production line facility. The samples were chosen to show results with low leakage, some for permittivity. Most importantly, as applied voltage was increased across the samples, there was no detectable degradation of layer capacitance or relative permittivity (i.e.; polarization saturation), thus exhibiting fundamental evidence of paraelectric behavior of the manufactured layers. Breakdown voltages of the samples are not shown.
Next steps for EEStor after final tuning the performance of the dielectric material will be certification of pre-production sample layers produced by the pilot production line. Layers will then be available for purchase by qualified commercial buyers for their independent testing purposes. After layer certification, EEStor, Inc. will work in conjunction with commercial partners to customize and improve throughput of the continuous pilot production facility specific to the needs of customers.
This press release contains "forward-looking statements," including statements related to product plans, product functionality and production plans. These statements are subject to a number of risks and uncertainties, including the risk of development or production delays, the risk that the technology or devices may not perform as expected, component or raw materials delays or shortages, the ability to effectively manage operating expenses and manufacturing operations and the ability to maintain or raise sufficient capital to fund current development and production goals. EEStor's actual results may differ materially from the expected results in this release. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made. EEStor does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events. Dr. Ulrich was not paid by EEStor for the quotes used in this release.
SOURCE EEStor, Inc.
===================
ZENN Motor Company Announces Agreement With EEStor for Testing
TORONTO, ONTARIO--(Marketwired - April 24, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company"), reported today that it has entered into an agreement with EEStor, Inc. of Cedar Park, Texas ("EEStor") providing for the testing of recently produced layers of its electrical energy storage units by an independent testing laboratory that has been selected upon consultation between EEStor and ZENN.
Under the agreement, testing is to be completed and reported on by May 27, 2013. Testing will include capacitance over a range of voltages as well as dissipation factor, layer thickness, dielectric layer thickness, resistance, capacitor area, energy density and leakage current. ZENN will be provided full access to the independent testing experts as well as the certification report.
As part of the agreement, ZENN has agreed to invest an initial US$50,000 in common stock of EEStor and an additional US$100,000 in its discretion if it is satisfied with the results of the independent testing.
==================
ZENN Motor Company Announces Revised Testing Date
TORONTO, ONTARIO--(Marketwired - May 21, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company"), announced that the testing by an independent laboratory of layers of electrical energy storage units produced by EEStor, Inc. has been delayed due to scheduling issues and will be conducted on May 30, 2013. The report of the testing laboratory is expected to be released shortly afterwards.
==================
ZENN Motor Company Reports 2013 Second Quarter Results and Testing Update
TORONTO, ONTARIO--(Marketwired - May 30, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company"), today announced its unaudited financial results for the three and six months ended March 31, 2013. All amounts are expressed in Canadian dollars.
Financial Results
In the three and six months ended March 31, 2013, net losses from continuing operations were $448,981 and 769,298, respectively, or $0.01 and $0.02, respectively, per share. For the corresponding three and six periods in the prior year, net losses from continuing operations were $347,500 and $713,290, respectively, or $0.01 and $0.02, respectively, per share.
At March 31, 2013, the Company had working capital of $956,006 and cash, including cash, cash equivalents and short-term investments, totaling $1,185,376, compared to working capital of $1,675,361 and cash of $1,937,592, respectively, at September 30, 2012.
Testing Update
ZENN also reported that the testing laboratory has commenced preparation for testing of EESU layers produced by EEStor, Inc. Initial work by the laboratory involves calibration and verification of testing equipment. EEStor has reported that in producing layers for the testing, it encountered, at high voltages, an anomaly that may be related to ambient humidity. ZENN has been advised by its consultant that this is not an uncommon occurrence with high performance layers. EEStor has advised that it believes it is addressing the issue by using established procedures. Accordingly, it will conduct the tests in stages. Initial tests will focus on resistance and capacitance of its new polymer as well as the permittivity over voltage characteristics of the proprietary CMBT produced by EEStor. Reports from the initial phase of the testing are expected in the next week with further reports to follow as more detailed testing is undertaken and as the hydrology issue is addressed.
============
EEstor, Inc. is Announcing the Certification of Our New Layer Material and Voltage vs. Capacitance
PR Newswire
CEDAR PARK, Texas, June 6, 2013
CEDAR PARK, Texas, June 6, 2013 /PRNewswire/ -- EEStor, Inc. is announcing that we have completed our initial certification of our new layer material and the voltage vs. capacitance of our composition-modified barium titanate (CMBT) powders. The data was certified by Criteria Labs which is located in Austin, Texas. The certification data is indicated below:
CAPACITANCE VS APPLIED DC VOLTAGE
PET CMBT Composite Capacitor Measurements
Sample #239-A
DC Voltage Applied
Capacitance
To Capacitor
0.0 VDC
0.11 nF
100 VDC
0.148 nF
200 VDC
0.134 nF
300 VDC
0.134 nF
400 VDC
0.134 nF
500 VDC
0.134 nF
LCR settings: 100 Hz Frequency, 1.0 V RMS
TEST EQUIPMENT LIST:
Manufacturer
Model
Serial Number
Description
• QuadTech
1714 LCR Meter
AAQ17140350
LCR Meter
• STD Research System
SRS350
11567
HV Power Supply
• Fluke
175 Multimeter
90940148
Multimeter
• Capacitance Board
DC Volt Blocking LCR
interface CKT
• Fluke
80K-15 High Voltage Probe
HV Probe
CAPACITANCE INSULATION RESISTANCE – NEW LAYER MATERIAL
The average for the reading on the four layers is as follows:
Capacitance Average:
0.22 micro farads
Insulation Resistance Average
10.65 mega ohms
TEST EQUIPMENT USED
Manufacturer
Model
Description
Alph Lab
HR2
High Resistance Meter with Faraday Cage
The test data indicates that the EEStor, Inc. new layer material has the capability to provide high capacitance along with high insulation resistance. EEStor, Inc. will now be tailoring this new layer material for increase capacitance and resistance up to full product certification.
The data also indicated the stability of the CMBT powders/composite layer to capacitance vs. voltage. This indicates that advantage of our CMBT powders being in the paraelectric phase where for all practical purposes dielectric saturation does not exist.
SOURCE EEStor, Inc.


Read more: http://www.digitaljournal.com/pr/1291826#ixzz2Va8XrtK1
====================
ZENN Motor Company Comments on EEStor Technology Update
TORONTO, ONTARIO--(Marketwired - June 6, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company"), announced that EEStor, Inc has today issued a press release regarding the testing by Criteria Labs, an independent laboratory, of layers of electrical energy storage units produced by EEStor, Inc. A senior officer of ZENN and its consultant, John Galvagni attended at the testing in Texas on Wednesday June 5, 2013. ZENN today has been provided with a summary of the report, but is waiting for further details from the testing laboratory and the report of Mr. Galvagni. It will provide further comment once it has had an opportunity to analyze the information.
============
EEStor Provides Additional Test Data Following June 5, 2013 Testing And Update On Current Status
CEDAR PARK, Texas, June 26, 2013 /PRNewswire/ -- On June 5, 2013 EEStor, Inc. had Criteria Labs certify certain aspects of a current layer of its electrical energy storage unit (EESU) that had been produced on April 29, 2013 using new materials that provided both high capacitance and high resistance simultaneously. The capacitance and resistance of this new layer material are expected to be increased using EEStor, Inc. proven proprietary processing equipment and processes.
The following data from new layer material was certified by Criteria Labs on June 5, 2013:
Average capacitance of the four layers = 0.22 micro farads
Average Resistance of the four layers = 10.7 mega ohms
Subsequently, on June 26, 2013 EEStor, Inc. had the area and thickness of the new material layer certified by TesCom at EEStor, Inc. using TesCom calibrated EEStor, Inc. equipment. TesCom was called in to certify these results due to scheduling issues with Criteria Labs. Subsequent testing will be conducted by Criteria Labs. The equipment used to measure the area and thickness was certified by TesCom, a calibration company which was selected by Criteria for the certification of the equipment used in their June 5, 2013 certification process.
The following data from new layer material was certified by TesCom:
Average thickness of the four layers = 25.1 microns
The area of each of the four layers = 0.403 centimeters squared
The average volume of the four layers = 0.00101 centimeters cubed
Using the certified capacitance, area, thickness, and volume the following relative permittivity was calculated:
The average relative permittivity of the four layers = 15,476
EEStor believes that relative permittivity of 15,476 and an insulation resistance of 10.7 mega ohms of this initial new material test layer represents a major breakthrough in EEStor, Inc. new dielectric materials. By comparison, a 0.22 micro farad 100 V capacitor manufactured by EPCOS has a volume of 0.216 cubic centimeters or 214 times bigger than EEStor's equivalent capacitance. Capacitance is directly proportional to energy storage and this high capacitance volume also indicates the ability of EEStor, Inc. to potentially exceed its energy storage operating targets.
CURRENT DEVELOPMENT
EEStor has now successfully enhanced the new dielectric layer of its EESU and initial internal results indicate the following:
Capacitance vs. voltage has been increased
Layer resistance has been increased
Capacitance has been increased
Constituent tuning has been improved which allows the potential for continued success in product development
NEXT STEPS
As soon as EEStor reaches its optimal constituent tuning of its latest layers it will complete the testing and certification with Criteria Labs. The tests and certification of these samples will include:
energy density
dissipation factor
resistance
capacitor area
total layer thickness
leakage current at multiple voltages including voltages over 1000V
dielectric layer thickness
CAUTIONARY STATEMENT
This press release contains "forward-looking statements," including statements related to expected increases in capacitance and resistance of the new layer, permittivity representing a major breakthrough, EEStor potentially exceeding its energy storage operating targets, and potential for continued success in product development. These statements are subject to a number of risks and uncertainties, including the risk of development or production delays, the risk that the technology or devices may not perform as expected, component or raw materials delays or shortages, the ability to effectively manage operating expenses and manufacturing operations and the ability to maintain or raise sufficient capital to fund current development and production goals. EEStor's actual results may differ materially from the expected results in this release. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made. EEStor does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events.
SOURCE EEStor, Inc.
===================
ZENN Motor Company Announces Agreement to Acquire Series A EEStor Shares
TORONTO, ONTARIO--(Marketwired - Aug. 7, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company"), announced today that it has entered into an agreement to acquire additional shares of privately held EEStor, Inc. ("EEStor") of Cedar Park, Texas. Under the agreement, ZENN has agreed to purchase 502,344 shares of Series A Preferred Stock (the "Series A Shares") of EEStor and certain rights associated with the ownership of such shares from KPCB Holdings Inc., as nominee, 2004 Topfer Gifting Trust and Longshot Holdings, L.P. The aggregate purchase price for the Series A Shares is US$2.0 million in cash and the issuance of 3.0 million shares of ZENN common stock. The transaction is expected to be completed within 60 days, subject to the satisfaction of a number of conditions, including the completion by ZENN of equity financing to fund the cash portion of the purchase price and approval of the TSX Venture Exchange.
ZENN intends to raise up to $3.5 million through a non-brokered private placement of equity securities to fund the purchase and for general corporate purposes.
The Series A Shares have a number of associated rights including representation on EEStor's board of directors, voting rights on an as-converted basis, rights of first refusal and co-sale rights, protection in the event of liquidation and are convertible into shares of common stock of EEStor. The Series A Shares represent approximately 99.08% of the outstanding Series A Shares and approximately 30% of the outstanding equity and voting shares of EEStor on an as-converted basis. ZENN also holds 179,000 shares of common stock of EEStor representing approximately 11% of the outstanding shares of EEStor common stock. Assuming the Series A Shares are acquired and converted and no other shares of EEStor are issued, ZENN would hold approximately 41% of the outstanding equity and voting shares of EEStor.
Jim Kofman, Chairman and Chief Executive Officer of ZENN commented, "This purchase represents a unique opportunity for ZENN to build on its partnership with EEStor and to increase its investment in EEStor. ZENN is committed to providing the necessary resources and assistance to EEStor over the long term to help its technologies progress." Roger Hammock, ZENN's Executive Vice-President, EEStor Relations added, "For ZENN, the transaction is transformational in that it dramatically increases ZENN's connection to all of EEStor's opportunities and fully aligns the businesses of both companies. The Series A Shares provide ZENN increased visibility into and participation with EEStor. Over the past year it has become clear that traditional capacitor markets represent an attractive market that might be more rapidly addressed with EEStor's technology. With an increased stake in EEStor, ZENN is better positioned to participate in all potential markets."
About ZENN Motor Company Inc.
The Company's goal is to be the provider of leading edge power storage solutions and related technologies to the transportation industry. Technologies and solutions, powered by EEStor's electrical energy storage units (EESU) have the potential to enable OEM and Tier 1 partners to deliver advanced electric transportation solutions to their customers.
Information contained in this release relating to EEStor, Inc. or the energy storage technology being developed by EEStor has not been reviewed by EEStor and EEStor does not assume any responsibility for the accuracy or completeness of such information.
Unless otherwise indicated, public disclosures by EEStor of developments in the commercialization of its energy storage technology have not been independently verified by ZENN. EEStor's energy storage technology is still under development and a number of further development milestones must be achieved before commercial viability can be established. There are significant risks associated with the development of new technologies such as EEStor's energy storage technology and readers are directed to the "Risk Factors" disclosed in ZENN's most recent Annual Information Form filed on SEDAR.
===================
EEStor provides positive comments on Zenn Motor Company's August 7th 2013 announcement to purchase KPCB's Series A ownership deal
CEDAR PARK, Texas, Aug. 12, 2013 /PRNewswire/ -- EEStor Inc. ("EEStor") Announced today they were notified by the Zenn Motor Company's board on August 7, 2013 that a deal to purchase KPCB's "Series A" investment in EEStor was being announced on August 8, 2013. EEStor provided a positive response and feels this is an opportunity for both companies moving forward.
===================
EEStor, Inc. is pleased to announce the sale of their developed product samples to a private investor group
CEDAR PARK, Texas, Sept. 23, 2013 /PRNewswire/ -- EEStor, Inc. is pleased to announce the sale of their developed product samples to a private investor group. This group has followed EEStor's progress with day-to-day direct communications and invested in the technology development. As such they are interested to confirm certain performance statistics gleaned from EEStor, Inc. particularly as it relates to energy storage.
EEStor is particularly pleased with this sale. It is now the second sale of samples, the first being to a potential customer with particularly positive results as it relates to capacitors and energy storage. Furthermore, EEStor is now in discussions with multiple new potential customers for initial product level demonstrations.
CAUTIONARY STATEMENT
This press release contains "forward-looking statements," including statements related to potential new customer and investments. These statements are subject to a number of risks and uncertainties, including the risk of development or production delays, the risk that the technology or devices may not perform as expected, component or raw materials delays or shortages, the ability to effectively manage operating expenses and manufacturing operations and the ability to maintain or raise sufficient capital to fund current development and production goals. EEStor's actual results may differ materially from the expected results in this release. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made. EEStor does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events.
Dick Weir
President & CEO
SOURCE EEStor, Inc.
======================
ZENN Motor Company Provides Update
TORONTO, ONTARIO--(Marketwired - Oct. 2, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company") announced today that testing of layers produced by EEstor, Inc. ("EEstor") of Cedar Park, Texas has been conducted by an independent third party and a representative of ZENN was an observer during such testing. ZENN has now received the report from the independent tester and is working to clarify and confirm the information in the report and intends to issue a further press release when this analysis and verification process has been completed.
Under the agreement previously announced on August 7, 2013, ZENN has agreed to purchase 502,344 shares of Series A Preferred Stock of EEStor and certain rights associated with the ownership of such shares in consideration for cash and shares of ZENN. Among other things, the transaction is subject to the completion by ZENN of equity financing to fund the cash portion of the purchase price. ZENN has provided notice to the vendors under such agreement that it is exercising its right to extend the closing date by up to 30 days to allow for completion of the necessary financing. In light of the expected release of testing results, the additional time should allow for updated information to be provided to the market.
ZENN also announced that it has applied to the TSX Venture Exchange for the extension of the expiry date of 2,350,000 warrants issued to investors in connection with its April 13, 2012 private placement financing. The warrants are exercisable at $1.35 and are to expire on October 13, 2013. ZENN proposes to extend such expiry date to October 31, 2013 to allow for testing reports to be communicated and for the possible use of any proceeds from the exercise of warrants to be used as part of the acquisition financing referred to above. The extension of the warrants is subject to TSX Venture Exchange approval.
About ZENN Motor Company Inc.
The Company's goal is to be the provider of leading edge power storage solutions and related technologies to the transportation industry. Technologies and solutions, powered by EEStor's electrical energy storage units (EESU) have the potential to enable OEM and Tier 1 partners to deliver advanced electric transportation solutions to their customers.
Information contained in this release relating to EEStor, Inc. or the energy storage technology being developed by EEStor has not been reviewed by EEStor and EEStor does not assume any responsibility for the accuracy or completeness of such information.
Unless otherwise indicated, public disclosures by EEStor of developments in the commercialization of its energy storage technology have not been independently verified by ZENN. EEStor's energy storage technology is still under development and a number of further development milestones must be achieved before commercial viability can be established. There are significant risks associated with the development of new technologies such as EEStor's energy storage technology and readers are directed to the "Risk Factors" disclosed in ZENN's most recent Annual Information Form filed on SEDAR
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
======================
Zenn Motor extends expiry date of warrants
2013-10-07 18:46 ET - Halt Trading
The TSX Venture Exchange has consented to the extension in the expiry date of the following warrants of Zenn Motor Company Inc.:
Private placement:
Number of warrants: 2.35 million
Original expiry date of warrants: Oct. 13, 2013
New expiry date of warrants: Oct. 31, 2013
Exercise price of warrants: $1.35
These warrants were issued pursuant to a private placement of 2.35 million shares with 2.35 million share purchase warrants attached, which was accepted for filing by the exchange effective April 19, 2012.
======================
EEStor, Inc. has received multiple certifications results from TesCom Calibration Services of Austin, Texas
CEDAR PARK, Texas, Oct. 16, 2013 /PRNewswire/ -- EEStor, Inc. has received multiple certifications results from TesCom Calibration Services of Austin, Texas. TesCom performed certification on the EEStor testing equipment and calibrated to ANSI specifications. Additionally, TesCom certified EEStor layers on September 27, 2013 and October 11, 2013. The data certified on the October 11, 2013 TesCom report indicates the progress EEStor has achieved in obtaining energy storage of 917.6 micro Watt-hours which converts to 351 Watt-hours/liter. This represents an improvement of 65 Watt-hours/liter from the September 27, 2013 TesCom layer certification report. The high resistances 76 Giga Ohms that is indicated in the TesCom September 27, 2013test report indicate EEStor ability to produce layers that can provide product level energy discharge rates. This TesCom report also provides data on EEStor's layers increasing in energy storage as the frequency is lowered to dc (79 Nano Farads at 100 Hz to 19.4 Micro Farads at 6 Hz). This represents the technical advantage that EEStor has developed in the composite composition used for the dielectric layers which will assist in providing EESU's for multiple high dollar volume business segments. The short time between the certification reports also indicate the progress that EEStor is making in producing product level electrical energy storage units (EESU).
======================
ZENN Motor Company Provides Further Update on Testing
TORONTO, ONTARIO--(Marketwired - Oct. 17, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company"), announced today an update regarding testing of layers produced by EEStor, Inc. ("EEStor") of Cedar Park, Texas. As previously disclosed testing of layers was conducted by third party experts retained by EEStor and a representative of ZENN was an observer during such testing. ZENN received the formal report from the independent tester and has been working to clarify and confirm the information in the report. ZENN was able to purchase from EEStor a few samples in order to conduct its own testing of layers. The layers purchased were manufactured on March 25, 2013 and on September 24, 2013. The layers provided to ZENN were different than the layers tested by EEStor, but were of a similar vintage to two of three layers tested. ZENN has also recently provided a modest amount of financial assistance to EEStor as it has been informed by EEStor of its challenging financial position.
ZENN asked its consultant to oversee testing at two different facilities and engaged an experienced testing expert to assist him in some of the tests. In the testing of the layers it purchased, ZENN has to date not been able to confirm similar results to those reported by EEStor's testing company on the EEStor tested layers. ZENN is taking steps to try to understand issues relating to testing and results however, the testing is very complex and there are many variables that could impact results. Although every effort is being made to do so, this process may not be completed expeditiously. The ability to produce verifiable information is critical to the path forward for ZENN.
So that the complete information is publicly available, ZENN has posted a copy of the full EEStor testing company report on its website atwww.zenncars.com. ZENN has not validated or confirmed these results and caution should be exercised in placing any reliance on the test results and no inference should be made from the posting of the testing results.
======================
ZENN Motor Company and EEStor Announce Investor and Analyst Visit and Testing Plan
TORONTO, ONTARIO and CEDAR PARK, TEXAS--(Marketwired - Oct. 18, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company") and EEStor, Inc. ("EEStor") jointly hosted an analyst and investor visit today at the EEStor facilities in Cedar Park, Texas. Visitors were provided with a full briefing by EEStor on the EEStor business plan, technology, production processes and toured the EEStor plant. Demonstration tests of EESU layers were done to show EEStor's methodology of testing high resistance layers, of testing capacitance over various frequencies and measuring watt hours over voltage. Visitors were able to observe continued progress in the development of layers.
ZENN and EEStor also agreed today to engage a major qualified firm, in addition to the qualified firms they have been working with, to assist both companies in developing testing protocols and to conduct and report on comprehensive testing of the EESU layers. Testers will have full access to EEStor facilities as well as newly produced layers.
Both EEStor and ZENN are, and have been, committed to providing detailed information regarding testing to ensure reliability and accuracy of test reports. There is significant complexity in the technology and the testing protocols and the companies are developing a plan using third parties that will allow for third party confirmation of testing results.
======================
ZENN and EEStor Announce Evans Capacitor Company to Assist in Independent Testing
TORONTO, ONTARIO and CEDAR PARK, TEXAS--(Marketwired - Oct. 29, 2013) - ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN") and EEStor, Inc. ("EEStor") announced today that Evans Capacitor Company of East Providence, Rhode Island ("Evans Capacitor") has agreed to assist both companies in developing testing protocols and to conduct independent testing of the EESU layers manufactured by EEStor and report on its comprehensive testing results. Evans Capacitor will have full access to EEStor facilities and personnel as well as EEStor's newly produced layers. There is significant complexity in the technology and the development of testing protocols. EEStor and ZENN understand that the use of independent third party experts to verify performance data and information is critical to the development of the EESUs. At this point, there is no specific timeline for an initial independent test report from Evans Capacitor.
As publicly reported by Evans Capacitor, it is an International Traffic in Arms Regulations (ITAR) registered company, supplying mission critical components to major defense and aerospace companies in the USA. Evans Capacitor manufactures high energy density capacitors for demanding defense and aerospace applications. Typical Evans Capacitor applications replace standard military capacitors, or augment batteries and power supplies where size, weight, reliability and quality are important factors of component selection. Evans Capacitor is ISO 9001 and AS9001 registered.
======================
ZENN Motor Company Announces Extension for EEStor Share Purchase
TORONTO, ONTARIO--(Marketwired - Oct. 30, 2013) - Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company") announced today that it has requested and received an extension from the vendors until December 31, 2013 for the completion of the Company's proposed purchase of 502,344 shares of Series A Preferred Stock of EEStor, Inc. and associated rights. The transaction remains subject to a number of conditions, including ZENN's completion of equity financing to fund the cash portion of the purchase price.
ZENN also announced that it has applied to the TSX Venture Exchange for the further extension of the expiry date of 2,350,000 warrants issued to investors in connection with its April 13, 2012 private placement financing. The warrants are exercisable at $1.35 and, as a result of a recent extension, are to expire on October 31, 2013. ZENN proposes to extend such expiry date to December 10, 2013. The extension of the warrants is subject to TSX Venture Exchange approval.
======================
ZENN Motor Company Announces Private Placement
TORONTO, ONTARIO--(Marketwired - Oct. 31, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company") announced today plans to raise a minimum of Cdn$3.0 million and a maximum of Cdn$5.0 million in a non-brokered private placement. ZENN is proposing to offer a minimum of 3,000,000 and a maximum of 5,000,000 units at a price of $1.00 per unit, with each unit consisting of one common share and one common share purchase warrant. Each share purchase warrant will entitle the holder to acquire one common share at a price of $1.50 for a period of 18 months from the closing date of the offering.
Industrial Alliance Securities Inc. will act as a finder for qualified institutional investors. ZENN proposes to pay a finder's fee to Industrial Alliance Securities Inc. and other registered dealers that introduce subscribers for units that are accepted, equal to 6.0% of the subscription price, payable in cash, plus 6.0% finder's warrants having the same terms as the warrants issued to subscribers under the offering. The private placement is subject to all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a 4-month hold period.
ZENN proposes to use the net proceeds from the offering to satisfy the US$2.0 million cash portion of the purchase price for the previously announced proposed purchase of Series A Preferred Stock of EEStor, Inc. and associated rights, with the balance for working capital and general corporate purposes.
======================
Zenn Motor extends expiry date of warrants
2013-10-31 19:14 ET - Miscellaneous
Further to the TSX Venture Exchange bulletin dated Oct. 7, 2013, the exchange has consented to a further extension to the expiry date of the following warrants of Zenn Motor Company Inc.:
Private placement:=
Number of warrants: 2.35 million
Original expiry date of warrants: Oct. 13, 2013
New expiry date of warrants: Dec. 10, 2013
Exercise price of warrants: $1.35
These warrants were issued pursuant to a private placement of 2.35 million shares with 2.35 million share purchase warrants attached, which was accepted for filing by the exchange effective April 19, 2012.
======================
ZENN Motor Company Announces Timing for Completion of Private Placement
TORONTO, ONTARIO--(Marketwired - Oct. 31, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
ZENN Motor Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company") is pleased to announce that registered dealers, acting as finders for the Company's previously announced non-brokered private placement, have advised the Company that they have received client orders in excess of the Company's Cdn$3.0 million minimum for the offering. These client orders are non-binding and are subject to the execution of subscription agreements between the Company and the subscribers, which are in the process of being circulated. Based on interest received, it is now expected that the offering will be completed on or about November 12, 2013. The private placement remains subject to approval of the TSX Venture Exchange.

==============================================================
Evans Capacitor Company to do testing for ZENN and EEStor Written by CE Staff November, 04 2013
TORONTO, ONTARIO and CEDAR PARK, TEXAS – Evans Capacitor Company has agreed to assist ZENN Motor Company Inc. and EEStor in developing testing protocols.
Evans will also conduct independent testing of the EESU layers manufactured by EEStor and report on its comprehensive testing results. Evans Capacitor will have full access to EEStor facilities and personnel as well as EEStor's newly produced layers. There is significant complexity in the technology and the development of testing protocols. EEStor and ZENN understand that the use of independent third party experts to verify performance data and information is critical to the development of the EESUs. At this point, there is no specific timeline for an initial independent test report from Evans Capacitor.

As publicly reported by Evans Capacitor, it is an International Traffic in Arms Regulations (ITAR) registered company, supplying mission critical components to major defense and aerospace companies in the USA. Evans Capacitor manufactures high energy density capacitors for demanding defense and aerospace applications. Typical Evans Capacitor applications replace standard military capacitors, or augment batteries and power supplies where size, weight, reliability and quality are important factors of component selection. Evans Capacitor is ISO 9001 and AS9001 registered.

Post Reply