Zenn Motor Company Comments on Eestor Technology Update 8:04AM ET on Tuesday Jan 29, 2013 by Marketwire
ZENN Motor Company Inc. (TSX VENTURE: ZNN) ("ZENN" or the "Company") commented today on the announcement by EEStor, Inc. ("EEStor") on January 28, 2013, of preliminary (pre-certification) test results of recently produced single layers of its electrical energy storage units ("EESUs") built in its pilot production facility.
James Kofman, Chairman and Interim Chief Executive Officer of ZENN commented, "These tests represent the most important publicly announced milestone achieved by EEStor to date and we are very pleased to see the progress. For the first time formal testing of the EESU layers has been conducted by an independent testing company and the results are very encouraging." Ian Clifford Founder and Vice Chair of ZENN added, "We congratulate 'Rick' and Tom Weir and the whole team at EEStor. With these results EEStor has now demonstrated that it is on a path towards meaningful energy storage capabilities for its technology. We are very excited about the next steps including EEStor's plan to make layers available to qualified commercial buyers for independent testing purposes."
John Galvagni who has been consulting ZENN on EEStor technology matters stated, "While I have not reviewed the formal report by System Engineering and Laboratories, the data published would indicate that EEStor has achieved levels of energy density not previously seen in commercial capacitors."