Zenn Motor Company Comments on Eestor Technology Update
TORONTO, ONTARIO--(Marketwire - Jan. 29, 2013) - ZENN Motor
Company Inc. (TSX VENTURE:ZNN) ("ZENN" or the "Company") commented today
on the announcement by EEStor, Inc. ("EEStor") on January 28, 2013, of
preliminary (pre-certification) test results of recently produced single
layers of its electrical energy storage units ("EESUs") built in its
pilot production facility.
James Kofman, Chairman and Interim Chief Executive Officer
of ZENN commented, "These tests represent the most important publicly
announced milestone achieved by EEStor to date and we are very pleased
to see the progress. For the first time formal testing of the EESU
layers has been conducted by an independent testing company and the
results are very encouraging." Ian Clifford Founder and Vice Chair of
ZENN added, "We congratulate Dick and Tom Weir and the whole team at
EEStor. With these results EEStor has now demonstrated that it is on a
path towards meaningful energy storage capabilities for its technology.
We are very excited about the next steps including EEStor's plan to make
layers available to qualified commercial buyers for independent testing
purposes."
John Galvagni who has been consulting ZENN on EEStor
technology matters stated, "While I have not reviewed the formal report
by System Engineering and Laboratories, the data published would
indicate that EEStor has achieved levels of energy density not
previously seen in commercial capacitors."
About ZENN Motor Company Inc.
The Company's goal is to be the provider of leading edge
power storage solutions and related technologies to the transportation
industry. Technologies and solutions, powered by EEStor's electrical
energy storage units ("EESU") have the potential to enable OEM and Tier 1
partners to deliver advanced electric transportation solutions to their
customers.
Information contained in this release relating to EEStor,
Inc. or the energy storage technology being developed by EEStor has not
been reviewed by EEStor and EEStor does not assume any responsibility
for the accuracy or completeness of such information.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact Information: ZENN Motor Company Inc.
Natasha Vandesluis
Chief Financial Officer
416-535-8395 ext. 220
nvandesluis@zenncars.com
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