creativforce

Zenn Motors: Speculative Battery Startup

The biggest danger for EESTOR investors , if it is real, is in the company being engulfed and devoured by an oil company. They don't like threats to their product. The only reason we have hybrid cars today is because Toyota bought a license to produce NIMH batteries before Texaco/Chevron saw what was happening and devoured the Ovonic battery patents.

One reason to remain in stealth mode is to accept a king's ransom from oil companies to NOT introduce the product for a decade or so. Is their oil money behind the Kleiner Perkins investments? Or more likely oil money behind the Lockheed Martin agreement?

Read all about it: en.wikipedia.org/wiki/...

Main article: Patent encumbrance of large automotive NiMH batteries

Critics claim that large-format NiMH batteries were commercially viable and ready for mass production, but Chevron and other oil-related interests suppressed the technology to forestall the introduction of plug-in hybrids.[40]

In her book, Plug-in Hybrids: The Cars that Will Recharge America, published in February 2007, Sherry Boschert argues that large-format NiMH batteries are commercially viable but that Cobasys refuses to sell or license them to small companies or individuals.Boschert concludes that "it's possible that Cobasys (Chevron) is squelching all access to large NiMH batteries through its control of patent licenses in order to remove a competitor to gasoline. Or it's possible that Cobasys simply wants the market for itself and is waiting for a major automaker to start producing plug-in hybrids or electric vehicles." [41]

In an interview with the Economist, Stan Ovshinsky stated, "I think we at ECD we made a mistake of having a joint venture with an oil company, frankly speaking. And I think it’s not a good idea to go into business with somebody whose strategies would put you out of business, rather than building the business.[42]" In a later interview, however, when asked, "So it’s your opinion that Cobasys is preventing other people from making it for that reason?", he responded "Cobasys is not preventing anybody. Cobasys just needs an infusion of cash.".[43]

In October 2007, International Acquisitions Services, Inc., Innovative Transportation Systems AG and Neville Chamberlain filed suit against Cobasys and its parents for refusing to fill a large, previously agreed-upon order for large-format NiMH batteries to be used in the electric Innovan. [44]