Hype maintenance continues: EEStor issues update, correction
Granted, the update and correction that EEStor released yesterday regarding their "huge milestone" Earth Day announcement aren't that major, but we can't ignore it at this point. First, the update is that the "relative permittivity certification" stuff was done at a temperature range of -20 and 65 degrees centigrade. The correction is a bit more information about the third-party verifier, Dr. Edward G. Golla, PhD., originally identified as the laboratory director at Texas Research International. The extra information: he does work at TRI, but performed the tests as an "independent consultant."So, big news or not, this certainly fits into the hype maintenance category that EEStor is truly known for. Keep everyone talking about your company, let the stock price rise. Thanks to Bret D. for the tip!
[Source: EEStor, Inc.]
PRESS RELEASE:
EEStor, Inc. Announces an Update and a Correction to Last Week's Press Release on Their Relative Permittivity Certification Results
CEDAR PARK, Texas, April 27 /PRNewswire/ -- EEStor, Inc. announces an update and a correction to last week's press release on their relative permittivity certification results. The update is on temperature range certification results and also correcting the information on Dr. Edward D. Golla, Ph.D.
The third party certification tests were witnessed by Dr. Edward D. Golla, Ph.D., an independent consultant. The test results were performed on EEStor's hot pressed dielectric layers produced from both their patented and patent pending Composition Modified Barium-Titanate Powders and their production line. Dr. Edward D. Golla, Ph.D. certificated that EEStor's hot pressed dielectric layers have met and/or exceeded a relative permittivity of 22,500 over a temperature range of -20 and 65 degrees centigrade.
EEStor feels this is a huge milestone which opens the advancement of key products and services in the electrical energy storage markets of today. The automotive and renewable energy sectors are a few of the key markets that would benefit greatly with the technology.
About Dr. Edward D. Golla, Ph.D.
Edward D. Golla graduated from the University of Texas at Austin in 1971 with a Ph.D. in Analytical Chemistry. He has been an employee of and later a consultant for TRACOR Inc. Dr. Golla has also taught Chemistry and Instrumental Analysis at schools such as St. Edwards University and Southwestern University of Georgetown, TX. He has been an employee of Texas Research International since 1975 and is currently Laboratory Director at that company
Company background
EEStor, Inc. develops solid-state electrical energy storage units (EESU's) in the form of batteries and capacitors. This technology has a wide variety of application use which includes with the added benefit of being longer lasting, lighter, more powerful, and more environmentally friendly than current technology in use.
Reader Comments (Page 1 of 1)
Pholostan 9:18PM (4/29/2009)
Pfff. Vaporware. They will _never_ deliver. Ignore these scammers.
Reply
Tim 3:34PM (4/28/2009)
I'm waiting for the class action civil lawsuit and the SEC criminal investigations to begin.
Reply
BritRob 5:18PM (4/28/2009)
EESTOR is a private venture capital backed company.
If they go broke then VCs and early stage investors lose their money.
There won't be any investor backed lawsuits unless they go public.
The SEC has nothing to do with non-publicly listed corporations.
Yanquetino 3:55PM (4/28/2009)
I feel bad for ZENN --and even worse for its stockholders. IMHO, Clifford is now between a rock and a hard place. Whether or not that so-called "third-party" permittivity milestone also verified energy density (a crucial result that ZENN now claims is "not in the public domain"), Clifford actually has little choice but to write DICK Weir another fat check.
Why? Well... my speculation is that the "mystery" OEM has insisted on an EESU working prototype before it will finalize any agreement whatsoever for the cityZENN. And without an OEM... ZENN is dead in the water. There is no way they could manufacture a highway capable EV from scratch on their own, and certainly not in time to compete with all the other EVs that are now on the horizon.
Consequently, if EEStor doesn't deliver --yet again-- there is no reason for an OEM to sign with ZENN. After all, from what I have observed, the only unique thing ZENN has to offer is the exclusive EESU license. Without that miraculous ultracapacitor... hell, any respectable OEM can produce a lithium-powered EV on its own --and probably at a much more reasonable cost.
Reply
Snoopy 4:02PM (4/28/2009)
The temperature range update sounds like pretty good news (regardless of how pointless it is without anything real to show for it).
Not too sure if the Golla thing is that big of a deal. Title messups followed by corrections like that happen all the time in PR.
Reply
Big Papi 5:09PM (4/28/2009)
I think the most interesting words in the press release is "production line".
Snoopy 11:52PM (4/28/2009)
That certainly is interesting. Unfortunately, until they actual have something to show for all their talk, it's just talk. From what I read in the Toronto Star last Friday (http://www.thestar.com/article/623621), Zenn only has 30 days from the time those test results are/were received to study those results and make a decision about going forward with paying another $700,000 to EEStor.
If they're already paying that much money, with more to come, they had better be getting a look at that production line and whatever the heck is coming off of it.
jpm 5:35PM (4/28/2009)
Zenn was supposed to get a working prototype of an EEStor unit in 2008? Pfff.... I can't wait for Ian Clifford to come out and admit he's been duped.
Reply
Snowdog 7:35PM (4/28/2009)
Actually it was supposed to be in 2007.
http://www.greencarcongress.com/2007/02/feel_good_cars_.html
"EEStor says that it remains on track to begin shipping production 15 kWh Electrical Energy Storage Units (EESU) to ZENN Motor Company in *2007* for use in their electric vehicles."
jharlan 6:07PM (4/28/2009)
Investing in a new technology like this is legal gambling. It's a long shot, but the pay off, if something this revolutionary comes through before anyone else comes out with it, could be astronomical. I hear a lot of skeptics, and they have reason to be skeptical, but this story is still being written, and seems to be advancing, chapter by chapter. This time I notice a slight bit of optimism creeping in.
Reply
mdf 8:12PM (4/28/2009)
"but this story is still being written, and seems to be advancing, chapter by chapter."
http://en.wikipedia.org/wiki/Bre-X
harlanx6 10:16PM (4/28/2009)
Mdf This could be a parallel of the site you quoted. Like I said, it's gambling, and that means you could lose. It is for those who are not risk averse. I made a lot of money once on a penny stock that turned out to be a fraud. It was just luck that I sold before it hit the fan. The guy that turned me on to it was a much more competent investor than I, but he rode it all the way down.
I happen to think these guys are in the development stage of something that could turn out to be very significant. That's not to say they will be able to get the bugs out of it, but they are not the only group working on ultra capacitors, and application by application, I believe they are going to knock the hell out of the battery industry. I just have no idea how long it will take, but I have the feeling it will arrive with the EVs.
g 12:44PM (4/30/2009)
It's signed over to the militards.
Move on nothing to see here......
Reply
Monroe 4:51PM (7/20/2009)
What stock price? Can I buy? Thought they weren't public.
Reply