ZENN to acquire 51% of EEStor; most recent 3rd-party testing of EESU problematic
Green Car Congress
DECEMBER 24, 2013
will acquire a 51% controlling stake in its energy storage technology partner EEStor for staged cash payments totaling $1 million, and then reorganize the board and management of EEStor. ZENN has advanced EEStor $50,000 of the purchase price on the signing of the Investment Agreement which will be converted to EEStor shares if closing occurs.
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