Welcome!

News Feed Item

ZENN Motor Company Provides EEStor Technology Update

TORONTO, ONTARIO -- (Marketwired) -- 04/07/14 -- ZENN Motor Company Inc. (TSX VENTURE: ZNN); ("ZENN" or the "Company"), today provided an update on the progress at EEStor, Inc. regarding the development of EESU layers.

The changes previously announced at EEStor as a result of ZENN's acquisition of control of EEStor continue to be implemented. The Technical Advisory Committee ("TAC") has met three times formally and additional times less formally. The TAC is very involved in assisting EEStor in reviewing its testing procedures, developing improved procedures, evaluating test results and generally providing technology assistance and assessment.

Under the direction of its Chief Science Officer, Richard Weir, EEStor is working to produce new layers with the objective of being able to simultaneously demonstrate both high resistivity and high capacitance in the same layer over a range of voltages. EESU layers previously provided to the TAC by EEStor did not show commercial potential. EEStor continues to work with its new and latest polymer and is trying to address issues that affected the homogeneity of the layers. As the fill factor of composition modified barium titanate ("CMBT") was increased the consistency of the distribution of the CMBT powder in the layers was not optimal, but progress has been made in creating layers with better consistency. EEStor produced layers in early March with a fill factor of 40% of EEStor's CMBT. In order to understand the impact of the CMBT powder on the layers, the TAC requested that layers be produced with higher fill factors. EEStor has not had time to optimize its new layers, but was able to produce preliminary layers with fill factors of 50% and 65%. The layers were all tested on the Company's own Hewlett Packard LCR meter as a way of initially screening to see if the layers produced any technically interesting results. A summary of the testing is set out below:



---------------------------------------------------------------------------
                                                   INSULATION RESISTANCE IN
             THICKNESS                                     GIGAOHMS
SAMPLE DATE   MICRONS  100Hz  1000Hz 10kHz  100kHz 100 V       250 V
---------------------------------------------------------------------------
40% Fill
 Factor
3-6-14
 Sample A       133                                0.99         1.02
CAPACITANCE
 (nF)                   0.12  0.058  0.049  0.046
PERMITTIVITY             45     22     18     17
---------------------------------------------------------------------------
3-6-14
 Sample B       119                                1.25         1.25
CAPACITANCE
 (nF)                   0.15  0.088  0.078  0.072
PERMITTIVITY             50     29     26     24
---------------------------------------------------------------------------
3-7-14
 Sample A       40                                 0.607       0.655
CAPACITANCE
 (nF)                   0.53  0.325  0.178  0.165
PERMITTIVITY             59     36     20     18
---------------------------------------------------------------------------
50% Fill
 Factor
3-26-14
 Sample 3       222                                13.6         13.6
CAPACITANCE
 (nF)                   0.23  0.107  0.079  0.021
PERMITTIVITY            143     66     49     44
---------------------------------------------------------------------------
65% Fill
 Factor
4/3/14
 Sample 1       125                                16.7         16.7
CAPACITANCE
 (nF)                   1.14   0.44   0.27  0.258
PERMITTIVITY            400    154     94     90
---------------------------------------------------------------------------

(i) Capacitance measured on HP 4192A operating in Parallel model mode

The tests done are preliminary and further testing is needed, both externally and internally in order to reach any final conclusions. The TAC noted that permittivity did rise in the layers as the amount of CMBT in the layer was increased, over five times when fill was increased from 40% to 65%. However, based on the preliminary results the TAC has not seen indications that the layers have commercial potential for energy storage. To be of commercial value for energy storage purposes both the permittivity and the resistivity of the layers would have to be much higher. These results are well below the target levels set by EEStor several years ago where it targeted permittivity in excess of 10,000. The TAC has questioned whether the mixing of the CMBT with low permittivity polymers can yield the high permittivity necessary to store commercially meaningful amounts of electrical energy. The TAC is composed of five members who possess expertise in a number of areas including capacitor manufacture and design, chemistry, electrical engineering, measurement and energy modeling.

The TAC focused on permittivity at higher frequencies and noted that at frequencies of 10 Hz and below it is difficult to determine the accurateness of the readings. The TAC did note that if the layers can maintain a permittivity as high as that shown in the 50% and 65% fill factor layers, the CMBT itself could have commercial potential in a number of applications other than energy storage, but significant additional work would need to be done to determine if this is practical. In this regard EEStor is reaching out to existing manufacturers to determine the potential for its materials.

The TAC has been assessing the CMBT powders prior to it being mixed with polymer. The TAC concluded that, given the characteristics of the CMBT, it would not be possible to design a 100% reliable testing protocol for the powders alone. The TAC continues to work on testing procedures to better its understanding of both the CMBT powders and the EESU layers.

EEStor's Chief Science Officer believes that by further refining the layers and increasing the fill factor, both the insulation resistance and the permittivity will increase. To date the examples provided to the TAC do not show that permittivity improvement will increase sufficiently for the commercialization of an EESU.

Both EEStor and ZENN are operating with limited financial resources. They will have to raise additional capital in the near term if work at EEStor is to continue. Without meaningful technological progress it may be difficult to access sufficient capital and the companies are therefore reviewing their options including exploring the possibility of partnering with companies with greater financial resources and capabilities. ZENN and EEStor are in discussions at an early stage with a number of potential partners. The goal is to create a partnership which brings additional resources to the effort to develop the EEStor technology. The companies recognize that on their own the development path will continue to be challenging. Unless the companies are successful in their attempts to attract partners or capital, which is uncertain, there can be no assurance about their ability to continue development of the EESU.

Option Grant

As previously agreed in its consulting contract with Jamin Patrick, ZENN has issued 30,000 options to Mr. Patrick at a price of $0.63 and subject to approval by the TSXV. The options are valid for five years from the date of issue and vest immediately.

About ZENN Motor Company Inc.

The Company's goal is to be the provider of leading edge power storage solutions and related technologies. Through its 68% ownership of EEStor, ZENN is involved in the development of electrical energy storage units (EESUs) based on capacitors. Further, through its technology agreement with EEStor, ZENN has the exclusive rights to utilize the technology, if developed, in most vehicle applications.

EEStor's energy storage technology is still under development and a number of further development milestones must be achieved before commercial viability can be established. There are significant risks associated with the development of new technologies such as EEStor's energy storage technology and readers are directed to the "Risk Factors" disclosed in ZENN's most recent Annual Information Form filed on SEDAR.

Forward-looking Statements

Certain statements and documents referred to 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 may not be successfully commercialized at all, in a manner providing the features and benefits expected 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; 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 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 the Company's most recently filed Annual Information Form and its other filings with the various Canadian securities regulators which are available online at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...