Zenn to Put $2M to $5M More in EEStor, but Questions Linger 14 comments
an article to
-
Font Size:
-
Print
- TweetThis
By Michael Kanellos
Zenn Motors (ZNNMF.PK), the Canadian company that specializes in electric economy cars, said it will invest $2 million to $5 million more in ultracapacitor maker EEStor, boosting its share of the company to over 10 percent.
That's good news for EEStor fans. More money never hurt anyone. EEStor is one of the more controversial companies in electric cars. It is said to be working on ultracapacitors that could let cars run for a few hundred miles before conking out and could be recharged in a few minutes. Short driving distances and long charge times have been two of the major stumbling blocks for electric cars.
Critics – and there are a number of them – have alleged that EESTor has been evasive and not verified its claims. "In all these years it has demonstrated no physical prototype to anyone's knowledge. In fact, a colleague of mine visited the company's offices in Cedar Park, Texas years ago and his request to see anything physical was angrily rebuffed," wrote Daryl Siry on these here pages.
The company has faced a number of delays. EEStor was originally supposed to have its parts out in late 2007. The public hasn't seen them yet.
Zenn also said that it examined the results of permittivity, but the importance of these has been debated and, personally, I've never worked up the energy to look deeper into the issue. I just want to see the ultracapacitors.
On the other hand, other companies seem well on their way to putting ultracapacitors in gas or electric cars to supplement the overall performance. Vendors working on these projects include Freescale and Maxwell Technologies.
Related Articles
|
-
The Seeking Alpha 100
See allThe top 100 stock
market authors
selected for publication
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most active
Instabloggers.-
1
David Fry
-
2
TraderMark
-
3
Don Dion
-
4
Cliff Wachtel
-
5
Mike Havrilla
Top Instabloggers » -
1
-
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
This EESCAM debate can be easily settled. Enough of the press release, speculation, and news reports.
MR. DICK WEIR, DELIVER A PROTOTYPE OF THE CERAMIC BATTERY WHICH YOU HAVE PUBLICLY STATED HAS BEEN, BUILT, TESTED, AND CERTIFIED TO AN INDEPENDENT REPUTABLE INSTITUTION FOR VERIFICATION. WE HAVE BEEN WAITING SINCE 2001 FOR THIS CERAMIC BATTERY.
PUT UP OR SHUT UP!
If Dick, Tom, or Harry Weir have balls, tell them to hold a press conference like Martin Fleischmann's & Stanley Pons did when they announced their Cold fusion findings to the world.
Since you know it all, how come it took EESCAM 8 years verify/witness this permittivitty test if there was no new science as Dick Weir claims.
"Weir has never claimed to have tested a working prototype - if that were the case, there abviously would be no point in these interim tests, such as the one recently completed."
bariumtitanate.blogspo...
From the Blogger with the baghead over his head interview with Dick Weir: "Prototypes have been built and prototypes have been tested."
You lost your credibilty. Tell us did the blogger with the bag over his head lie or Dick Weir lied to the blogger? I will be waiting for a reply.
The EV1 with NiMH went up to 160 miles on a charge; the lead version (with PSB batteries) went up to 110 miles. The NiMH RAV4-EV still has a range over 100 miles on a charge (yesterday I went 38 miles on 22% charge, an indicated range of 180 miles on a charge on my pre-2002 NiMH batteries).
But EV drivers have never complained about short ranges or slow charging!!
In fact, over 100 miles is plenty; my wife is driving 68 miles today and will charge while visiting. You don't stand there and watch your car, 90% of the time it's sitting doing nothing! Slow charging overnight, when electric is plentiful, helps the grid; our solar system pays for that charging, and also helps the grid meet daytime peak usage.
Wake up!
It's just a plain mistake to say " Short driving distances and long charge times have been two of the major stumbling blocks for electric cars..."
Repeating false statement don't make them true.
ZENN funding EEStor is funny; supposedly, EEStor claimed it didn't need funding.
So far, the only reality is the Toyota RAV4-EV, last sold just prior to the settlement of Chevron et al suing Toyota (Dec., 2002), the eBox and the TESLA.
ALL the rest is over-hyped, over-promised or non-existent, when it comes to cars you can drive.
THERE IS NO PLUG-IN CAR FOR SALE FROM ANY MEMBER OF THE AUTO ALLIANCE; THEY ARE JUST ASSUMING THAT LITHIUM IS THE ONLY BATTERY CHOICE. Which means that they don't have a battery that will power their promises.
So far, no Lithium-powered EV has gone more than 50,000 miles on the same set of batteries. I'm still waiting for any one to break this record, if you know of one call me at 562-430-2495.
Maybe you would be better served, and your time put to better use, if you were to find something you liked and could support and talk about. Why bother being critical of someone else, unless of course you are just a true cynic and can't help yourself.
Time will tell whether or not the people at Eestor, or any of the others such as Zenn, will produce something we can use. Nobody has asked or forced anyone to believe or invest time or money in Zenn or Eestor. I choose to like having a 'pie in the sky' dream in my life, and to the extent that it might come true, so much the better. If not, it wouldn't be any worse than not winning the Lottery, or betting on black and having it come up red at the casino.
Just my 2 cents worth. Happy Memorial Day to all..........
I don't know enough of the technology to estimate what EEStore or Zenn are. I do know that the cost of innovation is a willingness to fail! At the same time, we need to have a current income, so these things should be a small % of the portfolio.
As for the lottery, etc., there are no "Black Swan" chances there because all the unknowns can be calculated. The average loss probability is 50% per attempt - a rapid loser for most people. For casino gambling loss per attempt is only 5%, still a loser. Much better to speculate - AFTER gathering all the available information. But never forget "Black Swan" events can be negative as well as positive, so don't mortgage the house! ;-)
As for something possible, I'm looking at ("Zero Pollution Motors" AND MDI) and their CAES technology. It is risky, but not gambling. My thought is there has been too much solid engineering work for it to be a scam. There are two entries into the 100MPG X-prize competition - it will be interesting to see the results.
Let's assume EEStor is a total fraud and Zenn is an accompice.
Since they just invested shareholder money into EEStor based on recent results, they are either smart, gullible or guilty of fraud. They are risking jail if the answer is fraud.
So, why would I invest in Zenn? Because, if it is a giant fraud, they will play this out as long as possible to maximize their scheme's return and avoid jail.
As oil prices continue to rise, the hype will build. Interest in these companies will grow and we will see more and more coverage in the media.
If they are genuine in their claims, it's obviously a huge winner.
As an investment, I don't see any downside for the next several months. I've made 40% in a few weeks, with stop losses at purchase price, and I expect to earn multiples of my original investment, whether it is a scam or the greatest invention of all time.
He started with $20 dollars and built it into a $2 Billion/Yr conglomerate with 10,000 employees.
I find it "Zenish" with the name similarities.
Also, I like "yellowheard" comment, "money is money at the end of the day".
Cheers.
By Johnathan Vrozos
johnathanvrozos.com
Ian Clifford invested Zenn shareholder money in a water powered feel good car scam. Did Ian Clifford or anyone from Zenn go to jail? This is the scam:www.pureenergysystems....
"Alternate Energy Corporation in association with Feel Good Cars to produce affordable vehicle that operates not on fossil fuel but water."
Forward-looking Information from press release:
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties that face the Company; such statements may contain such words as
"may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, and may be based on management's current assumptions and expectations related to all aspects of the automotive industry, consumer demand for zero emission transportation solutions and the global economy. Risks and uncertainties that may face the Company include, but are not restricted to: the EEStor energy storage technology, to which the Company has certain rights, is still under development and may not be successfully commercialized at all, in a manner providing the features and benefits claimed by EEStor while under development, or on a timely basis or the Company may not be able to successfully incorporate this technology into its current or proposed products; the Company could fail in its efforts to develop a viable ZENNergy Drivetrain or cityZENN solution or do so on a timely basis; steps taken by the Company to protect its proprietary rights may not be adequate or third parties may infringe or misappropriate the Company's proprietary rights; the Company has a history of losses from operations and may not be able to obtain financing, if and when required, to fund future expenditures for general administrative activities, including sales and marketing and research and development, expansion, strategic acquisitions or investment opportunities or to respond to competitive pressures; competitors may develop products which offer greater benefits to consumers, have greater market appeal or are more competitively priced than those offered by the Company; the Company may be exposed to product liability claims which exceed insurance policy limits; the Company is dependent on the ability and experience of a relatively small number of key personnel; new products introduced by the Company may not be accepted in the market or to the extent projected; new laws and regulations may be enacted or existing ones may be applied or governmental action may be taken in a manner which could limit or curtail the production or sale of the Company's products; and the Company may be negatively affected by reduced consumer spending due to the uncertainty of economic and geopolitical conditions. These risks and uncertainties may cause actual results to differ from information contained in this release, when estimates and assumptions have been used to measure and report results.
There can be no assurance that any statements of forward-looking information contained in this release, including claims made by EEStor regarding the expected benefits of its EESU, will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by applicable laws, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. Readers are cautioned not to place undue reliance on any statements of forward looking information that speak only as of the date of this release. Additional information identifying risks and uncertainties relating to the Company's business are contained under the heading "Risk Factors" in ZMC's current Annual Information Form and its other filings with the various Canadian securities regulators which are available online at sedar.com.
However I am very skeptical that they could make it into a practical mass market electrical car battery. I just don't think they can get the costs down enough.