EEStor's Weir on ultracapacitor milestone

July 30, 2008 - Exclusive By David Ehrlich, Cleantech Group

Cedar Park, Texas-based ultracapacitor developer EEStor could be a step closer to shipping its first product, announcing the certification of production milestones and the enhancement of its chemical purification processes.

The secretive startup has made bold claims for the performance of its upcoming solid-state electrical energy storage unit, yet the company has some significant partners backing its claims, including Toronto-based electric vehicle maker Zenn Motor (TSX: ZNN), Silicon Valley's Kleiner Perkins Caufield & Byers, and Bethesda, Md.-based Lockheed Martin (NYSE: LMT), the world's No. 1 defense contractor.

Richard Weir, president and CEO of EEStor, told the Cleantech Group his company's certification announcement is significant.

"It certainly allows us to meet present specifications and major advances in energy storage in the future," he said. "It'll meet the voltage, we say that, it'll meet the polarization, saturation, we say that."

EEStor is developing an ultracapacitor which it said will be longer lasting, lighter, more powerful, and more environmentally friendly than current battery technologies.

Texas Research International, acting as an independent laboratory, certified the level of crystallization in EEStor's composition modified barium titanate, or CMBT, powders at an average of 99.92 percent. EEStor said this puts it on the path toward meeting its goals for energy storage.

The company expects its ceramic ultracapacitor, which it said uses no hazardous materials, to have a charging time of 3 to 6 minutes, with a discharge rate of only 0.02 percent over 30 days. EEStor said that compares to more than 3 hours to charge a lithium-ion battery and a discharge rate of 1 percent over 30 days.

"It's all certified," said Weir. "No bullshit in this."

EEStor's milestone comes on the same day that San Diego-based competitor Maxwell Technologies (Nasdaq: MXWL) announced a supply deal (see Golden Dragon Bus to use Maxwell ultracapacitors).

Maxwell shipped its Boostcap ultracapacitors to Xiamen, China's Golden Dragon Bus for use in diesel-electric hybrid buses in Hangzhou.

EEStor said the enhancement of its chemical purification processes is one of its most critical technical milestones, but EEStor has yet to release the results of permittivity testing, which will trigger the next milestone payment from Zenn. The automaker said permittivity is a measurement of how much energy can be stored in a material.

In a statement today, Zenn CEO Ian Clifford said the news "bodes well for EEStor's completion of its third party verified permittivity milestone and is a very strong affirmation of our investment in and the rapid progress of our business plan."

Zenn currently makes low-speed electric vehicles, shipping its first production vehicles in October 2006, but plans to roll out a highway-speed vehicle powered by EEStor's technology in the fall of 2009 (see Zenn gearing up for EEStor-powered car).

Zenn has already made three milestone payments to EEStor totaling $1.3 million. Another $700,000 is payable after the permittivity testing, with a final $500,000 due when EEStor ships its ultracapacitors.

Separately, Zenn also holds 3.8 percent of EEStor after investing $2.5 million in the ultracapacitor company in April 2007. After EEStor's permittivity milestone, Zenn has the option to boost its investment to a range of 6.2 to 10.5 percent.

In 2005, Kleiner Perkins invested a reported $3 million in EEStor. The percentage of Kleiner's stake has not been revealed.

"We were invested in to put in a high-volume production line. I think this says we've made some very major strides to completing that," said Weir.

"The plant is going in right now in Cedar Park as we speak. And then we'll, of course, we'll always expand from there."

Lockheed Martin announced its contract with EEStor in January, saying that it plans use the ultracapacitors for military and homeland security applications (see Lockheed Martin to use EEStor's ultracapacitors). The defense contractor did not release the financial terms of the deal.

Weir wouldn't disclose if EEStor is working with any other companies, saying only, "Once contracts are signed, I'm sure we'll have a news release on them."

EEStor's ultracapacitors were previously set to come out in 2007, but Zenn has since said that EEStor has committed to commercialization in 2008, with EEStor's first production line to be used to supply Zenn.

When asked for an update on that schedule, Weir said, "Good things should happen in a reasonable period of time."

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Comments

David, I'm trying to figure

David, I'm trying to figure out why, when you had Weir's ear, you didn't ask him the penultimate question, the only one that matters, really, given the hype and EEStor's undecipherable actions and statements hitherto:

"Is there a working prototype of any kind?"

you must have facts wrong about zenn payments

David,

Your report is in direct contradiction with Zenn's Dec 06 Financial statement.

According to Zenn's annual information form on dec 18, 2006, Zenn has made two milestone payments totaling $750,000 and the third milestone is supposed to be awarded after 3rd party testing of permittivity... the third payment listed by Zenn is for $1,250,000 and the 4th is supposed to be for $500,000 once a commercial esu is delivered, for a total of $2.5 million.

See http://www.zenncars.com/media/documents/Annual_Information_Form_Dec_18_2006.pdf

So your reporting above appears to be not accurate. How is this possible:

"Zenn has already made three milestone payments to
EEStor totaling $1.3 million. Another $700,000 is payable after the permittivity testing, with a final $500,000 due
when EEStor ships its ultracapacitors."

???

What was the third milestone you made reference to?

A response would be appreciated.

Third milestone payment

The third milestone payment came after Zenn's December financial statement.

From Zenn Motor:

$100,000 initial investment made in October 2005

$650,000 upon financing made in January 2006

$550,000 investment based on EEStor reaching the purity testing/production capacity milestone made in February 2007.

The info is on the Zenn Motor website. Click on "learn" then "company" then "EEStor."

EESTOR has competition

EESTOR has a number of serious competitors.
One is at http://www.1-ltl.com/renewable%20energy.htm
But others are japanese super caps now reaching battery level energy density of >20 watt hours per liter

Conversations with Mr. Weir

I have spoken with Dick Weir on the phone three times representing potential investors in his technology. Each time I spoke with him, he changed his story regarding what level he has reached technologically, and what price he would like to purchase an exclusivity agreement for 2 wheeled transportation (motorcycles).

He was very unprofessional, with constant cursing and when asked about a prototype he hemmed and hawed saying that his agreement with Zenn will not allow him to show the prototype to anyone. Our lawyers say there is no way Zenn's agreement with Mr. Weir would prohibit him from showing the prototype ultracapacitor to other parties interested in exclusivity agreements which do not infringe on Zenn's exclusivity agreement. Zenn's agreement according to Weir is only on four wheeled transportation up to 40 horsepower.
Our lawyers concluded that we are looking at a SCAM.

ZENN &WEIR AUTOMATIC CHARGER

With Weir's Batteries on the Zenn autos they dont need to be re-charged after 400 miles most likely by using a specially designed device installed on the car .

These devises are being manufactured now and would need little tooling to fit them on the Zenn autos . Once fitted -the car run forever without bother of stopping to charge the batteries .

Is that really possible? Where did you get your source?

Hey, is that really true? Is there such a device that would make the car run forever? Could you give me your source because this is quite unbelievable.

yah

There is such a device its called a solar panel so long as the sun is shining you will go forever, you just have to be happy with 1/4 mph.

Dielectric data has been

Dielectric data has been available for single crystals of pure barium titanate since the 1960's, when the material was being investigated by real scientists. The single crystal data certainly does not justify any of the claims being made by eestor. Someone so erratic and profane is likely spending the investors' money on crystals of something else. It's hard to believe that so many can be fooled by a junkie.

scientists and vanity

I, too, would like to see a working model, but I can also understand why they don't want to show anything to anyone. The principle involved is so simple that, if Eestor has found, say, the filtering/application device which will encourage the chemical reaction to occur fluidly, rather than instantaneously discharging, then it can be repeated in many, patentable ways, losing them the intellectual advance needed for profit.

Dick Anderson, Ed.
SwampfoxNews.com

Applications

Would like information about the EESTOR capacitor battery in electric boat environment, specifically sailboats from 30 to 50 feet. Who would be elgible for contact on such information?

Have you gone public yet? If

Have you gone public yet?
If so, what's the symbol?
If not, are you going public soon?

What a crock!

Okay small capacitors with huge charge densities are supposed to replace batteries.

The scam is that NO working capacitors are available for show. No agreement of any kind would prevent a "black box" demonstration of one of these eestor marvels...

If you want to believe crooks there are a few cold fusion companies out there.

Cold Fusion

OK Dummy take a look at what the Naval Research Labs have been doing. Do some reading.

Cold fusion

I looked. It too appears to be a flop, albeit a more convincing one than this cannot-be-demonstrated capacitor.

Normally, new technologies

Normally, new technologies like this would have a good chance to grow despite numerous financial setbacks and bankrupcies, examples include vulcanization and typesetting. And this technology is so vital to the green revolution that only a boneheaded fool would stand in the way, however, a bigger issue here is whether Eestor can survive the Darpa stealth cloud of death. This technology was originally an SBIR request via Darpa for satellite and weapons power.

Like Tamarack Systems that tried to market holographic data storage, this group too could be black bagged forever!! I was talking to a navy expert on holographic computers. So much of the old Soviet Union technology was labelled top secret that you could find yourself in prison for life for just building an optical flip-flop or a hydrogen flouride laser. What we need is a president with enough wisdom to start lifting the cloak on these technologies. The funniest example (ha ha)is the 50 million dollars payment from ITT to the government for "accidentally" releasing second and third generation night vision technology to China. Before the stealth boys stepped in, my students were working with ITT labs to build and improve their own second and third generation scopes. None of this technology was invisible to simple scope dissection!! But...

got a phone call from Iam today

LOL, this is all too funny, I got a call today from the notorious B of www.theeestory.com. "B" for all of you that don’t know is the secret forum owner and has never revealed his identity.

I have been using the alias of goUSA on the open forums to try and get a reaction and well I guess I have succeeded to some part. Before that I was also known as XYMOX. I am what you would call one of their biggest skeptics. I don’t believe the pipe dream and I’m not a fan of "Physics because I say so"

Now that I have you attention.

I was flattered that "B" would actually take the time to call little old me up and ask if there was something I wanted to get off my chest. At first I resisted, but I conceded to voice the opinion that I think its nifty that whenever there is a naysayer on the board, they are summarily banned from the "OPEN FORUM" The first time I was brought down was when I posted some personal address information on his site, fair enough, thats his rules and I’m not the owner, so see ya XYMOX.

This last time I was given the boot for only asking B to reveal his identity. Well what I was looking for was a reaction. You see I like reactions because they are fun, I don’t know, but that’s the way people are, we push buttons and things happen. So I got my phone call. At that point I then knew more than the rest something about this man,... what he sounded like.

And oddly enough I did happen to stumble upon an audio clip of one of my suspects Ian Clifford, CEO of Zenn Motorcars, well this sample was one of many but it is best online voice sample I have heard so far. that’s at
http://www.zenncars.com/media/audio/evcast.mp3
Why did I suspect Ian, Well given his Internet Marketing background and being the one person in this world who has the most to gain from this scam, my focus was narrowed on him.
Well it didn't take me to long after I closed my eyes and remembered who I was talking to, the voice of the caller and the voice of Ian Clifford are one and the same. I have a very good memory for audio as I am a trained musician and have what you could call an audio-graphic memory that rivaled the most studious contemporaries back in college, but enough of my self-admiration.

I have my answer, and I can’t say I’m happy because I’m not, I really wanted the technology they are promoting to be real, but given the deception and the gravity of the slippery tongue that is Ian Clifford, I know that it’s not more than a dog and pony show.

The world is no better off.

EEstory

I got heaved off this board for jeering at the whole concept of this wondrous capacitor too.

EEstor is usually described as a 'secretive start-up' Well, secretive is right, but it's getting a bit long in the tooth for a start up now. This thing has been 'In the pipeline' for seven years or more, and so far, no prototype or demonstration has ever seen the light of day.

As well as the permittivity claim - generally considered to be nonsense - there are safety consideration with this sort of energy density. A short circuit would result in a very rapid discharge of all the energy - in other words an explosion! Charging in the minutes they claim involves hundreds of amps at 3,500 volts which implies major infrastructure work to supply it, as well as it being something you wouldn't want to let the public too near.

The site is full of non-technical folk, some of whom have invested a lot of money in this company or Zenn which seems dependant on it, and who spend their time writing "wouldn't it be wonderful" posts which are admired by the rest, or endlessly inventing good reasons why no prototype has ever been seen.

I too was invited to call 'B', but declined. Whether he is indeed Weir, I neither know nor care. Nor do I neither know nor care whether he is a rogue or a fool. The latest promise is that the device would appear in 2008, but there was some hint of a funding problem so this seems to have been put back yet again!

Harry potter's magic wand seems a lot more convincing than this, frankly.

B is Brendon Muprhy, the mysterious eestorblogger

Brenden Murphy, Herndon Virginia.
Not that it matters much.
EX, you scheduled to be allowed back on the board now right? they need more skeptics.

Identity of 'B'

Thanks Brenden.

As you say it doesn't matter much though who he is.

I shouldn't think I'll be allowed back on the site. The one thing they DON'T want is sceptics! Many of them have invested in Zenn, quite heavily too in some cases, and cannot bring themselves to believe that it's all smoke and mirrors. Zenn, in the current economic climate seeems to me to be quite vulnerable without EEstor's miraculous capacitor, and I don't think it will ever appear.

The site has become akin to a church where the creed is endlessly repeated. You are not supposed to challenge the priests in any church!

Help

I am not a technical person, but an small investor who tries to keep an open mind. I would like to invite the most skeptical of you to help me to understand why a company of the size and reputation of Lockheed Martin would get involved to the point of seeking its own patent if this is a hoax. I am more inclined to the view that this is real, and would love to hear the argument that would convince me that the folks at Lockheed and Kleiner Perkins are being duped - which I very much doubt.

KP are venture capitalists.

KP are venture capitalists. They expect nine out of ten ventures to fail, making enough on the tenth to survive happily.

Lockheed's agreeement is - I suspect - to use the product if it ever appears, and seems to involve no financial support in its development. The CEO of EEstor has cited lack of funds as an excuse for not meeting his last target. Evidently lockheed sees no good case to bung them a wodge of cash to finih it, so their faith in EEstor is not that strong. I think also it is a mistake to think that big companies are to clever to be gullible. They ain't.

But the real killer is that the physics is wrong. It simply can't work. Even if the archangel Gabriel invested in it, it would not work.

Whether it is a scam or the result of ignorance is neither here nor there. It is a dead duck IMHO.

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