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TAC Tasca Resources Ltd

0.035
0.00 (0.00%)
16 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tasca Resources Ltd TSXV:TAC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.035 0.035 0.04 0 01:00:00

ZENN Motor Company Provides EEStor Technology Update

07/04/2014 1:30pm

Marketwired Canada


ZENN Motor Company Inc. (TSX VENTURE:ZNN); ("ZENN" or the "Company"), today
provided an update on the progress at EEStor, Inc. regarding the development of
EESU layers. 


The changes previously announced at EEStor as a result of ZENN's acquisition of
control of EEStor continue to be implemented. The Technical Advisory Committee
("TAC") has met three times formally and additional times less formally. The TAC
is very involved in assisting EEStor in reviewing its testing procedures,
developing improved procedures, evaluating test results and generally providing
technology assistance and assessment.


Under the direction of its Chief Science Officer, Richard Weir, EEStor is
working to produce new layers with the objective of being able to simultaneously
demonstrate both high resistivity and high capacitance in the same layer over a
range of voltages. EESU layers previously provided to the TAC by EEStor did not
show commercial potential. EEStor continues to work with its new and latest
polymer and is trying to address issues that affected the homogeneity of the
layers. As the fill factor of composition modified barium titanate ("CMBT") was
increased the consistency of the distribution of the CMBT powder in the layers
was not optimal, but progress has been made in creating layers with better
consistency. EEStor produced layers in early March with a fill factor of 40% of
EEStor's CMBT. In order to understand the impact of the CMBT powder on the
layers, the TAC requested that layers be produced with higher fill factors.
EEStor has not had time to optimize its new layers, but was able to produce
preliminary layers with fill factors of 50% and 65%. The layers were all tested
on the Company's own Hewlett Packard LCR meter as a way of initially screening
to see if the layers produced any technically interesting results. A summary of
the testing is set out below:




                                                                           
---------------------------------------------------------------------------
                                                   INSULATION RESISTANCE IN
             THICKNESS                                     GIGAOHMS        
SAMPLE DATE   MICRONS  100Hz  1000Hz 10kHz  100kHz 100 V       250 V       
---------------------------------------------------------------------------
40% Fill                                                                   
 Factor                                                                    
3-6-14                                                                     
 Sample A       133                                0.99         1.02       
CAPACITANCE                                                                
 (nF)                   0.12  0.058  0.049  0.046                          
PERMITTIVITY             45     22     18     17                           
---------------------------------------------------------------------------
3-6-14                                                                     
 Sample B       119                                1.25         1.25       
CAPACITANCE                                                                
 (nF)                   0.15  0.088  0.078  0.072                          
PERMITTIVITY             50     29     26     24                           
---------------------------------------------------------------------------
3-7-14                                                                     
 Sample A       40                                 0.607       0.655       
CAPACITANCE                                                                
 (nF)                   0.53  0.325  0.178  0.165                          
PERMITTIVITY             59     36     20     18                           
---------------------------------------------------------------------------
50% Fill                                                                   
 Factor                                                                    
3-26-14                                                                    
 Sample 3       222                                13.6         13.6       
CAPACITANCE                                                                
 (nF)                   0.23  0.107  0.079  0.021                          
PERMITTIVITY            143     66     49     44                           
---------------------------------------------------------------------------
65% Fill                                                                   
 Factor                                                                    
4/3/14                                                                     
 Sample 1       125                                16.7         16.7       
CAPACITANCE                                                                
 (nF)                   1.14   0.44   0.27  0.258                          
PERMITTIVITY            400    154     94     90                           
---------------------------------------------------------------------------
                                                                            
(i) Capacitance measured on HP 4192A operating in Parallel model mode       



The tests done are preliminary and further testing is needed, both externally
and internally in order to reach any final conclusions. The TAC noted that
permittivity did rise in the layers as the amount of CMBT in the layer was
increased, over five times when fill was increased from 40% to 65%. However,
based on the preliminary results the TAC has not seen indications that the
layers have commercial potential for energy storage. To be of commercial value
for energy storage purposes both the permittivity and the resistivity of the
layers would have to be much higher. These results are well below the target
levels set by EEStor several years ago where it targeted permittivity in excess
of 10,000. The TAC has questioned whether the mixing of the CMBT with low
permittivity polymers can yield the high permittivity necessary to store
commercially meaningful amounts of electrical energy. The TAC is composed of
five members who possess expertise in a number of areas including capacitor
manufacture and design, chemistry, electrical engineering, measurement and
energy modeling.


The TAC focused on permittivity at higher frequencies and noted that at
frequencies of 10 Hz and below it is difficult to determine the accurateness of
the readings. The TAC did note that if the layers can maintain a permittivity as
high as that shown in the 50% and 65% fill factor layers, the CMBT itself could
have commercial potential in a number of applications other than energy storage,
but significant additional work would need to be done to determine if this is
practical. In this regard EEStor is reaching out to existing manufacturers to
determine the potential for its materials.


The TAC has been assessing the CMBT powders prior to it being mixed with
polymer. The TAC concluded that, given the characteristics of the CMBT, it would
not be possible to design a 100% reliable testing protocol for the powders
alone. The TAC continues to work on testing procedures to better its
understanding of both the CMBT powders and the EESU layers.


EEStor's Chief Science Officer believes that by further refining the layers and
increasing the fill factor, both the insulation resistance and the permittivity
will increase. To date the examples provided to the TAC do not show that
permittivity improvement will increase sufficiently for the commercialization of
an EESU.


Both EEStor and ZENN are operating with limited financial resources. They will
have to raise additional capital in the near term if work at EEStor is to
continue. Without meaningful technological progress it may be difficult to
access sufficient capital and the companies are therefore reviewing their
options including exploring the possibility of partnering with companies with
greater financial resources and capabilities. ZENN and EEStor are in discussions
at an early stage with a number of potential partners. The goal is to create a
partnership which brings additional resources to the effort to develop the
EEStor technology. The companies recognize that on their own the development
path will continue to be challenging. Unless the companies are successful in
their attempts to attract partners or capital, which is uncertain, there can be
no assurance about their ability to continue development of the EESU.


Option Grant

As previously agreed in its consulting contract with Jamin Patrick, ZENN has
issued 30,000 options to Mr. Patrick at a price of $0.63 and subject to approval
by the TSXV. The options are valid for five years from the date of issue and
vest immediately.


About ZENN Motor Company Inc.

The Company's goal is to be the provider of leading edge power storage solutions
and related technologies. Through its 68% ownership of EEStor, ZENN is involved
in the development of electrical energy storage units (EESUs) based on
capacitors. Further, through its technology agreement with EEStor, ZENN has the
exclusive rights to utilize the technology, if developed, in most vehicle
applications.


EEStor's energy storage technology is still under development and a number of
further development milestones must be achieved before commercial viability can
be established. There are significant risks associated with the development of
new technologies such as EEStor's energy storage technology and readers are
directed to the "Risk Factors" disclosed in ZENN's most recent Annual
Information Form filed on SEDAR.


Forward-looking Statements

Certain statements and documents referred to in this release, other than
statements of historical fact, may include forward-looking information that
involves various risks and uncertainties that face the Company; such statements
may contain such words as "may", "would", "could", "will", "intend", "plan",
"anticipate", "believe", "estimate", "expect" and similar expressions, and may
be based on management's current assumptions and expectations related to all
aspects of the automotive industry, consumer demand for zero emission
transportation solutions and the global economy. Risks and uncertainties that
may face the Company include, but are not restricted to: the EEStor energy
storage technology may not be successfully commercialized at all, in a manner
providing the features and benefits expected while under development, or on a
timely basis or the Company may not be able to successfully incorporate this
technology into its current or proposed products; steps taken by the Company to
protect its proprietary rights may not be adequate or third parties may infringe
or misappropriate the Company's proprietary rights; the Company has a history of
losses from operations and may not be able to obtain financing, if and when
required, to fund future expenditures for general administrative activities,
including sales and marketing and research and development, expansion, strategic
acquisitions or investment opportunities or to respond to competitive pressures;
competitors may develop products which offer greater benefits to consumers, have
greater market appeal or are more competitively priced than those offered by the
Company; the Company may be exposed to product liability claims which exceed
insurance policy limits; the Company is dependent on the ability and experience
of a relatively small number of key personnel; new products introduced by the
Company may not be accepted in the market or to the extent projected; new laws
and regulations may be enacted or existing ones may be applied or governmental
action may be taken in a manner which could limit or curtail the production or
sale of the Company's products; and the Company may be negatively affected by
reduced consumer spending due to the uncertainty of economic and geopolitical
conditions. These risks and uncertainties may cause actual results to differ
from information contained in this release, when estimates and assumptions have
been used to measure and report results. There can be no assurance that any
statements of forward-looking information contained in this release will prove
to be accurate. Actual results and future events could differ materially from
those anticipated in such statements.


These and all subsequent written and oral statements containing forward-looking
information are based on the estimates and opinions of management on the dates
they are made and expressly qualified in their entirety by this notice. Except
as required by applicable laws, the Company assumes no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change. Readers are cautioned not to place undue reliance on any
statements of forward looking information that speak only as of the date of this
release. Additional information identifying risks and uncertainties relating to
the Company's business are contained under the heading "Risk Factors" in the
Company's most recently filed Annual Information Form and its other filings with
the various Canadian securities regulators which are available online at
www.sedar.com.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Natasha Vandesluis
Chief Financial Officer
ZENN Motor Company Inc.
416-535-8395 ext. 220
nvandesluis@zenncars.com

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