fluff piece of owning a Zenn in New Jersey.
"(As the batteries continue to be used, the car's range should increase to up to 35 miles.)"
Wow, physics must work differently in New Jersey!
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fluff piece of owning a Zenn in New Jersey.
Clifford tells the paper that last year EEstor was raising development funding for its untested technology by selling licences to the rights for various applications; Zenn paid $2.5 million for the rights to use the tech for small- to mid-size cars, and then invested another $2.5 million into the energy storage maker.
Clifford says Zenn had the opportunity because the big automakers wanted to make safer bets on more well-tested technology than EEstor’s. In addition, both companies had cultures of being young and passionate. In describing the EEstor deal to the Globe and Mail, Clifford said:
“We were willing to take the risk when no one else would. Part of it was a leap of faith, part was due to diligence…We were like angel investors, in at the ground floor, able to negotiate a strategic agreement which, when they commercialize, will creative a massive global opportunity.”
"(As the batteries continue to be used, the car's range should increase to up to 35 miles.)"
Wow, physics must work differently in New Jersey!
That or the journalist is just a moron (which wouldn't surprise me :tongue.
EEStor patent reveals details of ultracap..., but do they have a working prototype?
Prototypes of what exactly?
Some powder only or whole functioning ultracap?
How come Tesla did not sign with EESTOR to supply the ceramic batteries?
Apr 22, 2009 18:00 ET
ZENN Motor Company's Strategic Partner, EEStor, Inc., Announces Permittivity Results
TORONTO, ONTARIO--(Marketwire - April 22, 2009) - ZENN Motor Company ("ZMC") (TSX VENTURE:ZNN) a leading developer of zero emission transportation solutions, is pleased to confirm that its energy storage partner, EEStor, Inc., issued a press release today announcing permittivity results of the manufacturing-grade chemicals to be used in their Electrical Energy Storage Unit (EESU).
Austin-based EEStor, Inc. disclosed that it has exceeded expectations on the key milestone of permittivity testing, notably the attainment of a relative permittivity of at least 22,500 for its patented and patent-pending Composition Modified Barium-Titanate Powders, the key material in their energy storage technology. ZENN Motor Company is currently reviewing the results as it relates to its Technology Agreement with EEStor.
"The permittivity results as indicated are beyond the specifications outlined in our technology agreement which is extremely encouraging," stated Michael Bergeron, VP of Engineering, ZENN Motor Company. "We will review these results and expect to announce our findings as soon as they are available."
"EEStor's announcement reveals continued progress in developing their Electrical Energy Storage Unit," said Ian Clifford, Chief Executive Officer of ZENN Motor Company. "We remain focused on fulfilling our cityZENN and ZENNergy[SIZE=-1]TM[/SIZE] drivetrain programs, the first implementations of EEStor's EESU.
ABOUT ZENN MOTOR COMPANY
www.ZENNcars.com
ZENN Motor Company Inc., Toronto, Canada, is dedicated to being the global leader in zero emission transportation solutions for markets around the world. Driven by quality, ingenuity, and a philosophy of social responsibility, the ZMC team is redefining what is possible in both urban and business fleet transportation.
ZENN Motor Company's Strategic Partner, EEStor, Inc., Announces Permittivity Results
(Zenn's ZNN.V stock more than doubled in the past week)
Hype maintenance can be hard work. Following the Earth Day announcement that the EEStor ultracapacitor had passed independent tests that showed it had a relative permittivity of 22,500, the automaker most closely tied to the secretive company, ZENN, has come out to say two things. First, the test results have been verified. There are a whole heap of details on the verification process in the release after the jump. Second, ZENN says that the results mean it will pay EEStor another $700,000 U.S. "in accordance with the Technology Agreement between the two companies."