Posts
Sunday, April 26, 2009
Friday, April 24, 2009
ZENN Motor Company's Strategic Partner, EEStor, Inc., Announces Permittivity Results
22 Apr 2009 - ACQUIREMEDIA
TORONTO, ONTARIO--(Marketwire - April 22, 2009) - Zenn Motor Company ("ZMC") (TSX VENTURE:ZNN) a leading developer of zero emission transportation solutions, is pleased to confirm that its energy storage partner, EEStor, Inc., issued a press release today announcing permittivity results of the manufacturing-grade chemicals to be used in their Electrical Energy Storage Unit (EESU).
Austin-based EEStor, Inc. disclosed that it has exceeded expectations on the key milestone of permittivity testing, notably the attainment of a relative permittivity of at least 22,500 for its patented and patent-pending Composition Modified Barium-Titanate Powders, the key material in their energy storage technology. ZENN Motor Company is currently reviewing the results as it relates to its Technology Agreement with EEStor.
"The permittivity results as indicated are beyond the specifications outlined in our technology agreement which is extremely encouraging," stated Michael Bergeron, VP of Engineering, ZENN Motor Company. "We will review these results and expect to announce our findings as soon as they are available."
"EEStor's announcement reveals continued progress in developing their Electrical Energy Storage Unit," said Ian Clifford, Chief Executive Officer of ZENN Motor Company. "We remain focused on fulfilling our cityZENN and ZENNergy(TM) drivetrain programs, the first implementations of EEStor's EESU.
ZENN Motor Company Inc., Toronto, Canada, is dedicated to being the global leader in zero emission transportation solutions for markets around the world. Driven by quality, ingenuity, and a philosophy of social responsibility, the ZMC team is redefining what is possible in both urban and business fleet transportation.
The ZENN(TM) (Zero Emission No Noise) provides an excellent alternative transportation solution for environmentally conscious drivers who want to dramatically reduce their operating costs and free themselves from dependence on oil. The current ZENN low speed vehicle is perfect for urban commuters and commercial fleets such as resorts, gated communities, airports, college and business campuses, municipalities, and parks and is sold through a network of retailers across the United States and directly by the Company in Quebec.
The planned commercialization and implementation of the ultra capacitor being developed by ZENN Motor Company's strategic partner EEStor, Inc., is expected to enable future ZMC vehicles and ZENNergy(TM) drivetrain-powered vehicles to travel at speeds and distances similar to internal combustion powered vehicles but at a fraction of the cost and with zero emissions. Under its Technology Agreement with EEStor, Inc., ZMC holds the worldwide exclusive rights to incorporate EEStor's energy storage technology for new passenger vehicles up to 1,400 kilograms curb weight; golf cart and utility vehicles and the conversion of any class of used internal combustion 4-wheel vehicles to electric.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
ZENN Motor Company
Catherine Scrimgeour
Manager, Public Affairs
416-535-8395 ext. 201
cscrimgeour@ZENNcars.com
Source: ZENN Motor Company
TORONTO, ONTARIO--(Marketwire - April 22, 2009) - Zenn Motor Company ("ZMC") (TSX VENTURE:ZNN) a leading developer of zero emission transportation solutions, is pleased to confirm that its energy storage partner, EEStor, Inc., issued a press release today announcing permittivity results of the manufacturing-grade chemicals to be used in their Electrical Energy Storage Unit (EESU).
Austin-based EEStor, Inc. disclosed that it has exceeded expectations on the key milestone of permittivity testing, notably the attainment of a relative permittivity of at least 22,500 for its patented and patent-pending Composition Modified Barium-Titanate Powders, the key material in their energy storage technology. ZENN Motor Company is currently reviewing the results as it relates to its Technology Agreement with EEStor.
"The permittivity results as indicated are beyond the specifications outlined in our technology agreement which is extremely encouraging," stated Michael Bergeron, VP of Engineering, ZENN Motor Company. "We will review these results and expect to announce our findings as soon as they are available."
"EEStor's announcement reveals continued progress in developing their Electrical Energy Storage Unit," said Ian Clifford, Chief Executive Officer of ZENN Motor Company. "We remain focused on fulfilling our cityZENN and ZENNergy(TM) drivetrain programs, the first implementations of EEStor's EESU.
ZENN Motor Company Inc., Toronto, Canada, is dedicated to being the global leader in zero emission transportation solutions for markets around the world. Driven by quality, ingenuity, and a philosophy of social responsibility, the ZMC team is redefining what is possible in both urban and business fleet transportation.
The ZENN(TM) (Zero Emission No Noise) provides an excellent alternative transportation solution for environmentally conscious drivers who want to dramatically reduce their operating costs and free themselves from dependence on oil. The current ZENN low speed vehicle is perfect for urban commuters and commercial fleets such as resorts, gated communities, airports, college and business campuses, municipalities, and parks and is sold through a network of retailers across the United States and directly by the Company in Quebec.
The planned commercialization and implementation of the ultra capacitor being developed by ZENN Motor Company's strategic partner EEStor, Inc., is expected to enable future ZMC vehicles and ZENNergy(TM) drivetrain-powered vehicles to travel at speeds and distances similar to internal combustion powered vehicles but at a fraction of the cost and with zero emissions. Under its Technology Agreement with EEStor, Inc., ZMC holds the worldwide exclusive rights to incorporate EEStor's energy storage technology for new passenger vehicles up to 1,400 kilograms curb weight; golf cart and utility vehicles and the conversion of any class of used internal combustion 4-wheel vehicles to electric.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
ZENN Motor Company
Catherine Scrimgeour
Manager, Public Affairs
416-535-8395 ext. 201
cscrimgeour@ZENNcars.com
Source: ZENN Motor Company
Zenn Motor Shares Race Higher On Battery Data
23 Apr 2009 - Reuters
* Stock up 48 percent at C$5.10 at midday
* Test results seen as "huge milestone"
* Battery technology key to highway-capable vehicle (In U.S. dollars unless noted)
By Susan Taylor
OTTAWA, April 23 (Reuters) - Zenn Motor Co Inc ZNN.V shares shot nearly 70 percent higher on Thursday morning after a partner of the electric car maker announced positive performance data on a ground-breaking battery it is developing.
Zenn, which makes low-speed, short-range electric cars, sees much of its future hinging on an ultracapacitor being developed by Texas-based EEStor Inc. That energy storage system has the potential to charge faster and be a fraction of the cost and size of traditional chemical batteries.
EEStor, a privately held and low-key company, announced third-party testing results on Wednesday of the energy and power density of key material in its technology. Testing of the patented "composition modified barium-titannate powders" exceeded expectations, Zenn said on Thursday.
"The permittivity results as indicated are beyond the specifications outlined in our technology agreement which is extremely encouraging," Zenn's vice-president of engineering, Michael Bergeron, said in a statement.
"We will review these results and expect to announce our findings as soon as they are available."
Zenn stock climbed as much as 68 percent Thursday morning to peak at C$5.79. By midday, the shares had eased to C$5.10, for a 48 percent gain.
Zenn shares are also a way to play privately held EEStor, which will have a "huge breakthrough" if its battery is successful, Paradigm Capital analyst J. Marvin Wolff said in a recent note.
On Thursday, he hiked his one-year target price to C$10.90 from C$5.50, and maintained a "speculative buy" rating.
The test results are 21 percent better than expected, Wolff wrote, taking EEStor one step closer to delivering a battery by the end of 2009.
Zenn has paid EEStor $1.3 million under a $2.5 million exclusivity deal, pending two additional milestones. The test results will prompt a $700,000 payment, with a final $500,000 due on delivery of a battery from its production lines to Zenn.
Zenn now has the right to spend up to $5 million on EEStor equity to boost its stake as high as 10.5 percent from the current 3.8 percent.
"EEStor feels this is a huge milestone," the company said in a press release. "The automotive and renewable energy sectors are a few of the key markets that would benefit greatly with the technology."
Toronto-based Zenn plans to launch a new, highway-capable vehicle, called CityZENN, using that battery. It also has worldwide exclusive rights to use the battery in vehicles under 1,400 kg (3,086 lbs).
Shares in the company had already charged higher in heavy trade late last week and early this week, prompting Zenn to say on Tuesday it was unaware of any material changes in its business. Zenn, which stands for Zero Emission No Noise, was asked to comment on the stock movement by the Investment Industry Regulatory Organization of Canada on Tuesday.
"In the absence of concrete information (investors) end up buying the stock so they don't miss anything," Versant Partners analyst Massimo Fiore said in a recent interview. "I compare it to an explosive fire: once it starts burning, it burns really fast."
Zenn currently builds a two-seat fully electric vehicle at a plant in Quebec. It has a range of 50-80 km (31-50 miles) and a top speed of 40 km/h (25 mph), and can be charged via a standard electrical outlet. It is not allowed on public roads in many jurisdictions due to its low speed, or is restricted to low-speed streets and controlled areas such as campuses.
CityZENN is expected to have a top speed of 125 km/h (78 mph) and travel 400 km (250 miles) on one charge. It is scheduled for initial production in late 2009, with commercial availability in 2010.
($1=$1.23 Canadian) (Reporting by Susan Taylor; editing by Rob Wilson)
* Stock up 48 percent at C$5.10 at midday
* Test results seen as "huge milestone"
* Battery technology key to highway-capable vehicle (In U.S. dollars unless noted)
By Susan Taylor
OTTAWA, April 23 (Reuters) - Zenn Motor Co Inc ZNN.V shares shot nearly 70 percent higher on Thursday morning after a partner of the electric car maker announced positive performance data on a ground-breaking battery it is developing.
Zenn, which makes low-speed, short-range electric cars, sees much of its future hinging on an ultracapacitor being developed by Texas-based EEStor Inc. That energy storage system has the potential to charge faster and be a fraction of the cost and size of traditional chemical batteries.
EEStor, a privately held and low-key company, announced third-party testing results on Wednesday of the energy and power density of key material in its technology. Testing of the patented "composition modified barium-titannate powders" exceeded expectations, Zenn said on Thursday.
"The permittivity results as indicated are beyond the specifications outlined in our technology agreement which is extremely encouraging," Zenn's vice-president of engineering, Michael Bergeron, said in a statement.
"We will review these results and expect to announce our findings as soon as they are available."
Zenn stock climbed as much as 68 percent Thursday morning to peak at C$5.79. By midday, the shares had eased to C$5.10, for a 48 percent gain.
Zenn shares are also a way to play privately held EEStor, which will have a "huge breakthrough" if its battery is successful, Paradigm Capital analyst J. Marvin Wolff said in a recent note.
On Thursday, he hiked his one-year target price to C$10.90 from C$5.50, and maintained a "speculative buy" rating.
The test results are 21 percent better than expected, Wolff wrote, taking EEStor one step closer to delivering a battery by the end of 2009.
Zenn has paid EEStor $1.3 million under a $2.5 million exclusivity deal, pending two additional milestones. The test results will prompt a $700,000 payment, with a final $500,000 due on delivery of a battery from its production lines to Zenn.
Zenn now has the right to spend up to $5 million on EEStor equity to boost its stake as high as 10.5 percent from the current 3.8 percent.
"EEStor feels this is a huge milestone," the company said in a press release. "The automotive and renewable energy sectors are a few of the key markets that would benefit greatly with the technology."
Toronto-based Zenn plans to launch a new, highway-capable vehicle, called CityZENN, using that battery. It also has worldwide exclusive rights to use the battery in vehicles under 1,400 kg (3,086 lbs).
Shares in the company had already charged higher in heavy trade late last week and early this week, prompting Zenn to say on Tuesday it was unaware of any material changes in its business. Zenn, which stands for Zero Emission No Noise, was asked to comment on the stock movement by the Investment Industry Regulatory Organization of Canada on Tuesday.
"In the absence of concrete information (investors) end up buying the stock so they don't miss anything," Versant Partners analyst Massimo Fiore said in a recent interview. "I compare it to an explosive fire: once it starts burning, it burns really fast."
Zenn currently builds a two-seat fully electric vehicle at a plant in Quebec. It has a range of 50-80 km (31-50 miles) and a top speed of 40 km/h (25 mph), and can be charged via a standard electrical outlet. It is not allowed on public roads in many jurisdictions due to its low speed, or is restricted to low-speed streets and controlled areas such as campuses.
CityZENN is expected to have a top speed of 125 km/h (78 mph) and travel 400 km (250 miles) on one charge. It is scheduled for initial production in late 2009, with commercial availability in 2010.
($1=$1.23 Canadian) (Reporting by Susan Taylor; editing by Rob Wilson)
Tuesday, April 21, 2009
Thursday, April 16, 2009
Cashless In a Monied Society
How much did Andrew Carnegie donate?
http://www.arcamax.com/trivia/s-171975-253737
How much cash did Carnegie carry?
http://www.arcamax.com/trivia/s-178249-777526
http://www.arcamax.com/trivia/s-171975-253737
How much cash did Carnegie carry?
http://www.arcamax.com/trivia/s-178249-777526
Wednesday, April 8, 2009
Orion Project Update: Clean Energy Needs Your Help
Important Update from Dr. Steven Greer
WE NEED YOUR HELP URGENTLY
The Orion Project- thanks to your very generous support- has set up a small lab and research project staffed with four dedicated scientists and workers. They are working on a modest budget to do what billions of our tax dollars spent at the Department of Energy have failed to do: Create a fundamentally new way of generating clean energy. The team is headed by a brilliant physicist- a man who I have known for years and has a deep understanding of the secrets of Nicola Tesla and the secrets of electromagnetism. Within the coming weeks, we hope to complete the first prototype of a device running purely off of the electromagnetic energy in the space around us. No input from fossil fuels, no emissions, no pollution of any kind!
This team has already had very worrisome surveillance by shadowy people around their homes and an attempted break-in to the inventor's home. This harassment may escalate as we get closer to completing the device. We have two security people working with them, and have put security monitoring equipment in place. All of this is costly and we need your help NOW. Please make a very generous contribution to The Orion Project today- we need an additional $100,000 immediately to safely continue this work. Click here to donate.
Also, write to President Obama and encourage him to read our Energy Briefing and provide funding for new energy projects such as this one. Also, ask the President to investigate the harassment of such inventors by a shadowy cabal of operatives intent on keeping our civilization addicted to oil and coal. As taxpayers, we are spending billions of dollars on energy projects in the stimulus bill - yet not one dime is going into these new advanced energy solutions- or protecting these inventors from this type of harassment!
Thank you for your generous support of this breakthrough energy project, which is being solely funded by generous contributions from people like YOU! We need your help now more than ever and we appreciate whatever help and support you can give for this historic project.
Steven M. Greer MDFounder The Orion Project
WE NEED YOUR HELP URGENTLY
The Orion Project- thanks to your very generous support- has set up a small lab and research project staffed with four dedicated scientists and workers. They are working on a modest budget to do what billions of our tax dollars spent at the Department of Energy have failed to do: Create a fundamentally new way of generating clean energy. The team is headed by a brilliant physicist- a man who I have known for years and has a deep understanding of the secrets of Nicola Tesla and the secrets of electromagnetism. Within the coming weeks, we hope to complete the first prototype of a device running purely off of the electromagnetic energy in the space around us. No input from fossil fuels, no emissions, no pollution of any kind!
This team has already had very worrisome surveillance by shadowy people around their homes and an attempted break-in to the inventor's home. This harassment may escalate as we get closer to completing the device. We have two security people working with them, and have put security monitoring equipment in place. All of this is costly and we need your help NOW. Please make a very generous contribution to The Orion Project today- we need an additional $100,000 immediately to safely continue this work. Click here to donate.
Also, write to President Obama and encourage him to read our Energy Briefing and provide funding for new energy projects such as this one. Also, ask the President to investigate the harassment of such inventors by a shadowy cabal of operatives intent on keeping our civilization addicted to oil and coal. As taxpayers, we are spending billions of dollars on energy projects in the stimulus bill - yet not one dime is going into these new advanced energy solutions- or protecting these inventors from this type of harassment!
Thank you for your generous support of this breakthrough energy project, which is being solely funded by generous contributions from people like YOU! We need your help now more than ever and we appreciate whatever help and support you can give for this historic project.
Steven M. Greer MDFounder The Orion Project
Monday, April 6, 2009
Sunday, April 5, 2009
Change Begins Within
Paul McCartney, Ringo Starr, David Lynch, Russell Simmons comming together to teach one million at risk youth to meditate.
http://dlf.tv/livestream/
http://dlf.tv/change-begins-within/
http://www.davidlynchfoundation.org/ Or go directly to pess conference videos: http://www.davidlynchfoundation.org/video/pressconference.html part 1
http://www.davidlynchfoundation.org/video/part2.html part 2
http://dlf.tv/livestream/
http://dlf.tv/change-begins-within/
http://www.davidlynchfoundation.org/ Or go directly to pess conference videos: http://www.davidlynchfoundation.org/video/pressconference.html part 1
http://www.davidlynchfoundation.org/video/part2.html part 2
Thursday, April 2, 2009
Wednesday, April 1, 2009
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