The EESTor/theeestory Connection from Bloomberg Businessweeek

The EESTor/theeestory Connection from Bloomberg Businessweeek
The above is a screen capture from Bloomberg Businessweek July 10, 2010. The url was recently changed to to make people believe there is no connection between EESTor and, the #1 site of pumping EEStor on the internet. Update-EEStor's web site URL has been deleted.

Tuesday, July 27, 2010

Why I Believe EEStor/Zenn is a Scam

The following quotes are from Ian Clifford CEO of EESTor.  CEO of a company should know the definition of "imminent".  Notice Ian Clifford started to use the word "imminent" in November 2006.

“[ZENN president Ian Clifford] He is confident that EEStor will pull the wraps of their mysterious "battery" very soon; his exact word was "imminent" and that I could, in fact, hold my breath for their announcement. "(Bill Moore, EV World, November 29, 2006) Link

EESTOR "to deliver production units, the end of calendar 07, they appear to be on track with that" from Ian Clifford's mouth. YOUTUBE video September 2007 Link

I checked in with Mr. Clifford regarding this new report on the timing of the public release of EEStor’s testing. Whereas he couldn’t be specific, he confirmed the release is indeed "imminent." June 27th, 2008 Link

"The following milestone is delivery of a production prototype unit for a car and that's late next year."-"Now, in Austin, Texas, they have a state-of-the-art production facility that's ready to deliver production units in 2009." Friday, May. 15, 2009 Link

"we've seen this product with our own eyes." April 16, 2008 Link

"Zenn's Clifford, who said he's asked daily about the current status of EEStor, said his company is in regular contact with the energy storage developer and makes frequent visits down to EEStor's production facility in Cedar Park, an Austin suburb." "To be very clear, this is not a lab that they are building. It is a full, state of the art production facility that is nearing completion, and we remain very pleased with their progress." March 31, 2008 Link

 "EEStor's game-changing energy storage technology is in the advanced stages of commercialization", stated Ian Clifford, Chief Executive Officer. "EEStor has publicly committed to commercialization in 2008 and their first production line will be used to supply ZENN Motor Company." Mar 28, 2008 Link

The following quotes are from Dick Weir CEO of EEStor

"There's nothing complex in this,"..."It's nowhere near the complexity of disk-drive fabrication." August 05, 2008 Link

"Prototypes have been built and prototypes have been tested." July 30, 2008 Link

 "It's all certified," said Weir. "No bull**** in this." "Good things should happen in a reasonable period of time." July 30, 2008 Link

"The first commercial application of the EESU is intended to be used in electric vehicles under a technology agreement with ZENN Motors Company. EEStor, Inc. remains on track to begin shipping production 15 kilowatt-hour Electrical Energy Storage Units (EESU) to ZENN Motor Company in 2007 for use in their electric vehicles."
"We are very proud of the key advancements we have made over the past year"..."We have built a state-of-the-art facility and have exceptional personnel on board." January 17, 2007 Link

"We have another major announcement for May. But seeing is believing!” March 29th, 2006 Link
  • We’ve done our homework, and you’ll see the results when we get into 2010… you’ll see a very effective and constant ramp-up to our production capabilities.”
  • "We anticipate being in a production base of proto ... of pre-production units in the fourth quarter this year. I'm already out there putting EESUs together and I'm still in June. So, it looks like I'm a little ahead of schedule. So, it looks like I can certainly meet that schedule."
  • "We're 85% completed on our first production line. Which is a modular concept. And so when this is done, it is full production."
  • "And we've told the world that you can anticipate us being in a proto in a pre-production mode of ESUs by the 4'th quarter this year. Uhhh, here it is June and I'm already putting the systems together. So I'm ... it looks like I'm ahead of schedule."
The last four quotes are from the leaked conference phone call June 2009.  Dick Weir was assisting Zenn in raising $10 million dollars from potential investors which Dick's company EEStor would end up with $5 million dollars per prior agreement with Zenn.

It's been over a year since the leaked conference call.  Does anyone know where the EESU's are?  Zenn is still waiting.  Connect the dots for yourself.  Evidently Dick Weir lied through his teeth to investors about EEStor's progress.  If anyone believes Dick Weir CEO of EESTor did not lie to investors must have a bag over his or her head.  The FBI should investigate EESTor.

Tune in to my next blog same time same channel for more evidence why I believe this is a scam.