OT..EEStor Announces Two Key Production Milestones: Automated Production Line Proven and Third Party Verification of All Key Production Chemicals Completed
CEDAR PARK, TEXAS -- (MARKET WIRE) -- January 17, 2007 -- The first EEStor, Inc. automated production line has been proven to meet the requirements for precise chemical delivery, purity control, parameter control and stability.
In addition, EEStor, Inc. has completed the initial milestone of certifying purification, concentration, and stability of all of its key production chemicals notably the attainment of 99.9994% purity of its barium nitrate powder.
The independent 3rd party chemical analysis was completed by Southwest Research Institute, Inc. located in San Antonio, Texas under contract with EEStor, Inc.
With these milestones completed, EEStor, Inc. is now in the process of producing on its automated production line, composition-modified barium titanate powders and is moving toward completing its next major milestone of powder certification.
It is anticipated that the relative permittivity of the current powder will-either meet and/or exceed 18,500, the previous level achieved when EEStor, Inc. produced prototype components using it engineering level processing equipment.
Richard Weir, CEO and President of EEStor, Inc. added: "We are very proud of the key advancements we have made over the past year. In addition to the milestones identified, the Company has also been awarded a critical patent related to our technology and has 12 additional patents pending. We have built a state-of-the-art facility and have exceptional personnel onboard."
The first commercial application of the EESU is intended to be used in electric vehicles under a technology agreement with ZENN Motors Company. EEStor, Inc. remains on track to begin shipping production 15 kilowatt-hour Electrical Energy Storage Units (EESU) to ZENN Motor Company in 2007 for use in their electric vehicles. The production EESU for ZENN Motor Company will function to specification in operating environments as sever as negative 20 to plus 65 degrees Celsius, will weigh less than 100 pounds, and will have ability to be recharged in a matter of minutes.
ABOUT EEStor, Inc.
Headquartered in Cedar Park, Texas, EEStor, Inc. is dedicated to the design, development, and manufacturing of high-density energy storage devices. Utilizing revolutionary ultra capacitor architecture and environmentally friendly materials the EEStor, Inc. EESU will compete against all existing battery technologies. The EEStor, Inc. EESU IS capable of microsecond recharging and millions of 100% charge/discharge cycles. The technology is affordable and designed for versatile "racked and stacked" configurations.
President and Chief Executive Officer
SOURCE: EEStor, Inc.