ZENN is an Electric Car Company, the reason I am listing it as an Alternative Energy Company is because of the very special relationship they have with a Texas company called EEstor , which now claims to have the holy grail of battery technology . http://www.zenncars.com/media/documents/Technology_Review.pdf
ZENN Motor Company Details Plans for Highway Capable ZENN Powered by EEStor!
TORONTO, ONTARIO--(MARKET WIRE)--ZENN Motor Company Inc. (CDNX:ZNN.V - News) (the "Company"), a leading manufacturer of electric vehicles, held its Annual and Special Meeting of Shareholders at which time management updated shareholders with Company progress in 2007 and detailed future plans for EEStor implementation including specifications around a highway capable, fully electric cityZENN!
ZENN Motor Company's business will expand to include highway capable vehicles and international markets:
Target Launch of the cityZENN, powered by EEStor: Fall 2009
The cityZENN is planned to be a fully certified, highway capable vehicle with a top speed of 125 KPH/ 80 MPH and a range or 400 kilometres/250 miles. Powered by EEStor, the cityZENN will be rechargeable in less than 5 minutes, feature operating costs 1/10th of a typical internal combustion engine vehicle and be 100% emission-free! The Zero-Emission, No-Noise cityZENN will be designed to meet the transportation requirements of a large percentage of drivers worldwide.
"EEStor's game-changing energy storage technology is in the advanced stages of commercialization", stated Ian Clifford, Chief Executive Officer. "EEStor has publicly committed to commercialization in 2008 and their first production line will be used to supply ZENN Motor Company."
ZENN Motor Company also plans to expand its low-speed product lineup for the 2009 model year with a four-passenger and a utility LSV (Low-Speed Vehicle). Both products will dramatically increase ZMC's available target audience and potential market for LSVs.
The Company also plans to work with strategic OEMs to offer a ZENNergy drivetrain, powered by EEStor, in various vehicle platforms as ZENN branded vehicles. ZENNergy drive systems will also be developed for the retrofitting and conversion of existing internal combustion vehicles to electric drive. The Company's initial target for these retrofit kits will be large, high-profile fleet opportunities.
In order to capitalize on all future growth opportunities, the team has been diligently working on building awareness of the ZENN brand - with overwhelming success. ZENN Motor Company has garnered an impressive amount of international media coverage, and it is clear from both its customers and retailers that the Zero-Emission, No-Noise message resonates clearly with its target market. The current ZENN LSV is recognized as a leading, cost-effective, zero emission vehicle for urban travel.
The team has been assessing the relative merit and opportunities of different key markets globally and is defining the planned roll-out sequence including discussions with established dealer networks in major markets around the world.
The growing electric vehicle market represents a dynamic, truly global opportunity and ZENN Motor Company is excited to be a key player. In addition to the Company's exclusive technology agreement with EEStor for new vehicles up to 1400 kg (curb weight), and the global rights to ALL retrofit conversions of existing internal combustion vehicles to electric, the Company is also an equity investor in EEStor. EEStor's energy storage technology is THE key enabler of many clean technologies today: renewable energy; grid load-leveling; consumer electronics and security applications are ALL looking for a 'better battery.' EEStor is the enabler.
"I founded ZENN Motor Company with the vision of it becoming the global leader in zero emission vehicles, and that vision is being made a reality by the entire team at ZENN Motor Company and our energy storage partner, EEStor," stated Ian Clifford, Chief Executive Officer. "We have laid the foundation of a sustainable business with explosive growth opportunities. We are well-positioned to capitalize on the global imperative for zero-emission vehicles."
An archived podcast of the Annual and Special Meeting of Shareholders meeting may be found at www.ZENNcars.com and www.newswire.ca.
Zenn Motor Company Reports Third Quarter 2009 Results
For the three and nine months ended June 30, 2009 gross revenues were $379,916 and $1,316,535, respectively compared with gross revenues of $977,305 and $2,618,477, respectively, for the corresponding periods of 2008.
Net losses for the three and nine month periods were $2,576,021 or $(0.08) per share and $6,335,409 or $(0.19) per share compared with net losses of $1,910,304 or $(0.06) per share and $5,425,895 or $(0.18) per share for the corresponding periods in the prior year.
At June 30, 2009 the Company had working capital of $9,531,326 including cash, cash equivalents and short-term investments totaling $ 8,752,818 compared to $15,068,689 and $14,686,100, respectively, at September 30, 2008. On July 14, 2009 the Company completed a short form prospectus offering of common shares raising gross proceeds of $9.275 million.
Sold 19 low-speed vehicles in quarter vs year-earlier 67Sold 19 low-speed vehicles in quarter vs year-earlier 6
Another chapter in EEStory
on Tue 05 Aug 2008 11:47 PM EDT | Permanent Link
A short story on EEStor appeared today on MIT's Technology Review site. A few thoughts to walk away with:
1) The company has certified that its equipment and procedures can make the materials it needs to go into high-volume production of its ceramic ultracapacitor.
2) It took longer than expected to get to this stage because EEStor raised the bar on its production standards so it could develop production materials for mission-critical applications -- i.e. military stuff.
3) Voltage breakdown concerns have been addressed, primarily thanks to the alumina that coats and seals the composition-modified barium titanate.
4) Beyond materials and powder production, the rest -- i.e. component and EESU manufacturing -- is relatively simple, at least compared to disk drive manufacturing.
5) EEStor is also having serious talks with solar and wind companies regarding the use of EESUs in grid-scale storage applications.
Now, some other stuff that Weir said during an interview that wasn't in the Tech Review article:
6) Weir is keeping the name EEStor, despite rumours it might change. He said the brand recognition now is too great to let it go.
7) Weir's relationship with Lockheed Martin runs deeper than first thought. "Who's best at certifying what we've got? Lockheed," said Weir. "They've seen our factory. I've been working with them since 2001."
8) It seems that Lockheed may be an investor in EEStor. I come to this conclusion by this statement: "We told our investors we can do it better, and we did." Weir made this statement when explaining the reason why they took an extra year to meet its certification milestones for "advanced technologies," such as military applications. Not sure ZENN or Kleiners, the only known investors, have demanded such higher standards. Obviously, if Lockheed and its demands are the source of this delay, then it's reasonable to assume its partnership with EEStor is also in the form of an investment. "We fully plan to do a major expansion on this to meet anybody's requirement as we go forward," he said.
9) Weir said the production lines will be modular and highly robotic.
10) A corporate Web site will go up once the components are being manufactured.
11) He hinted that he was expecting competitors to challenge EEStor, and that his advantage will be the ability to move quickly and stay several steps ahead. "If we get challenged, we'll move to scale up," he said. "We have a lot of knowledge built up."
I truly got the sense that Weir is going to start talking more about this company, probably come this fall. But I also got the sense EEStor is more heavily involved with Lockheed than originally thought -- i.e. there's a big focus here on developing military applications using the technology. He called what he's working on as "Manhattan II." It makes sense, given that many great technological innovations have trickled down from work originally done at the military level -- GPS, the Internet, nuclear power
Very high power density and very high energy density devices are ideal for portable directed energy weapons (e.g. high power free-electron lasers for theatre or intercontinental anti-missile, i.e. airborne or perhaps even space based; or short range ground/shipborne missile or mortar intercept). A truly viable ABM technology would certainly be a "Manhattan II" class achievement. Another obvious application would be subs capable of extended time ultra-silent running. This is in addition to more prosaic dual use field portable power applications, e.g. remote bases powered by local renewables and field portable power applications.
Military security considerations would also be entirely consistent and may partially account for EEStor's somewhat ambiguous/elliptical statements re:EESU technology and capabilities to date. However it still doesn't entirely explain why they haven't demo'd the basic technology on a "black box" basis publicly. It must also be fairly disconcerting from a Zenn investor perspective to hear that they may have delayed the tech for a ~1yr to meet military req'ts, i.e. potentially enabling competitors to fast-follow their lead and reduce the market for their products.
Also, I think this technology almost single handedly enables renewable energy sources to begin large scale displacement of fossil fuel electrical generation. Most of the major renewable energy technologies (solar, wind, tidal, wave) are intermittent, as well as being unable to respond to demand fluctuations, and therefore cannot replace baseload fossil/nuclear power generation, unless they are supplemented with cost-effective, large scale, high power/energy density storage. If EEStor tech proves out it is literally nothing less than the beginning of the end of the fossil fuel era.
Overall, a very encouraging sounding interview, I tend to think they've got the goods, what do you think? Thanks.
P.S.: While Mr Weir has addressed the voltage breakdown issue in both patent apps and verbally, the one ongoing omission in his conversations with various parties is whether/how they have overcome the issue raised by critics of BT dielectric field saturation at large scale with high voltages, which some have said is req'd to enable high permittivity = energy density of a complete EESU . It certainly may be inferred that they must have solved this issue for KP, LMT, Zenn and others to continue investing, let alone funding a mfg line. However it would appear to be a key 'secret sauce' aspect of their product.
P.P.S: It should also be noted that there are number of potentially dangerous asymmetric warfare applications that even a car-sized EESU could be used for against a developed country. I presume they'll have to design in limits on commercial EESU versions to prevent those uses.