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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. Subsequent to its announcement of increasing its stake in EEStor, ZMC completed a previously announced short form prospectus offering of common shares, selling 2,650,000 shares at a price of $3.50

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Easy as A123

Plug In Partners

snip At an initial 40 mile module installed price of $10,000 supported with a $3500 tax credit , the payback period for a fleet owner with $3.00/gallon more I n another important energy storage development Zenn has invested in EEStor. gallon gas is 2.5 years , against an expected life of 10 or more years.

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