(Another) EEStor Update  

Tyler at Clean Break has a post on EEStor and the mysterious blogger who tracks their every move (behind the curtain of secrecy that they have erected) - Mystery blogger offers insight into secretive EEStor. The blog in question is "EEStor Ultracapacitors: Battery Revolution begins with Electric Cars" which is a little too enthusiastic in its promotion of EEStor and Zenn for my taste. When they release an actual product and we get to see if it works, then great - but it could all too easily just be a way of pumping Zenn stock at this point.

There's no shortage of speculation about EEStor Inc., the Texas-based energy storage company that claims it will change the world with its super-dooper, disruptive, "this changes everything" ultracapactor. But one anonymous blogger has been digging around and is managing to piece together a decent -- although not necessarily accurate -- picture of what's going on at the secretive company. Some have accused this blogger of being Dick Weir, EEStor's media-loathing founder and CEO, or Ian Clifford, CEO and founder of ZENN Motor Co., which is a minority owner in EEStor and has exclusive license to use its technology in certain vehicle applications. But the blogger in question attempted to clear the air today, pointing out he's not an employee of EEStor or ZENN, has no friends at the companies or special relationships. He's just an average joe -- in the D.C. area, I have learned -- interested in the technology and who likes to dig around. A ZENN stock pumper? Impossible to know. But if you're to believe the posting, he seems to be having more success than professional journalists like me. One financial analyst, who has access to EEStor, told me Dick Weir talks to this blogger because, "It amuses him. He gets a kick out of it." There you go.

So what's the latest poop on EEStor from blogger central? You can read it here if you're interested. Some of the points raised I've heard as well, but haven't been able to nail down as fact. But if you're to believe what you read, EEStor is almost done its Web sites, has filed 21 new patents, and is putting a plan together to raise capital that would go toward a seven-fold expansion of its current pilot production line. Apparently the long-awaited permeativity tests, not yet released, have been known for some time. Dick Weir is simply choosing to release the results at the same time as putting up the new Web site and announcing the new patent filings. At which time, he'll be prepared -- and more accepting of -- the flood of questions from media and investors. Can't wait. Certainly, the aim here is to raise a whack of capital, perhaps using ZENN's stock, in reaction to this frenzy, as a proxy for the market value of EEStor.