[ausev] Fw: News from ZENN Motor Company

[Chris Robison]

Wow -- huge news, here.

Thanks for posting this.  Time will tell if the product lives up to the
hype, but this is looking pretty good.


  --chris


On Tue, June 2, 2009 10:30 pm, R. D. Childers wrote:
>
> ----- Original Message -----
> From: ZENN Motor Company
> To: rdchilders at austin.rr.com
> Sent: Tuesday, June 02, 2009 1:40 PM
> Subject: News from ZENN Motor Company
>
>
>
>
>
>
>
>       Dear ZENN Enthusiast,
>
>
>
>       May 21, 2009 was a significant day for ZENN Motor Company as it
> confirmed the results of EEStor’s previously announced
> permittivity results. As many of you may be aware, the successful
> achievement of these results by EEStor triggers a couple of key
> events for the Company.
>
>
>
>       Firstly, we will pay EEStor the milestone payment of US $700,000 per
> our Technology Agreement with them and,
>
>
>
>       To read the news release, click here.
>
>
>
>       Secondly, we intend to increase our equity investment in EEStor to
> the fullest extent possible.  Further details regarding this
> investment will be announced when determined.
>
>
>
>       The achievement of this key milestone is very encouraging towards
> the end goal of commercializing EEStor’s technology.  For this
> reason, I am as optimistic as ever and remain committed to the mass
> electrification of the transportation industry.
>
>
>
>       EEStor has also stated that their objective is to complete component
> testing by September 2009 and deliver production quality components
> and/or EESUs by the end of 2009.  Please see the article from ‘All
> Cars Electric.’
>
>
>
>       All the Best,
>
>
>
>       Ian Clifford
>
>       Founder and Chief Executive Officer
>
>       ZENN Motor Company
>
>
>
>
>
>       ZENN In the News:
>
>
>
>       EEStor VP Says EESUs to be Delivered by End of 2009.(All Cars
> Electric, June 1, 2009)
>
>
>
>       ZENN to increase EEStor ownership.(Toronto Star, May 22, 2009)
>
>
>
>       ZENN CEO reveals details of EEStor’s progress.(Cleantech, May 22,
> 2009)
>
>
>
>       ZENN Motor confirms EEStor battery results. (Reuters, May 21, 2009)
>
>
>
>
>
>
>
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