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
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...