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ZENN to acquire 51% of EEStor; most recent 3rd-party testing of EESU problematic

Green Car Congress

Canada-based ZENN Motor Company Inc. 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. Evans has reported that it has developed testing procedures that measure energy-in and energy-out.

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ZENN Motor Increases Stake in EEStor to 10.7%; EESU Production Prototype Promised by End of 2009

Green Car Congress

Earlier in July, ZENN Motor Company Inc. ZMC) increased its equity investment in energy storage developer, EEStor, Inc. with an additional US $5.0 million investment. These investors had also elected not to participate at the time of ZMC’s initial EEStor investment in April 2007. million).

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