Tuesday, June 24, 2008

Revenue from conversion kits?

I spoke to a reader about his napkin estimate of potential revenue Zenn Motor could receive if things went well with EESTor.  The conversation included some tips regarding what next to ask Ian Clifford when the opportunity arises.  Thanks!

EEStor's Richard Weir on John McCain's $300Mil Prize

(Phone Ringing)
RW: Dick Weir.

Blogger: Hey Dick, this is John McCain calling. How you doing? 

RW: How you doing John?  What can I do for you?

Blogger: I was wondering, should I make that check out to you or should I make it out to EEStor?....
RW: Better make it out to EEStor or they'll come and get me...

Blogger: Maybe Ian Clifford should get it?
RW: Ahhh, no, he doesnt need it. He's rich. 

Blogger: And also, what's my cut, Dick?
RW: A good healthy feeling about the United States.  

That's how my conversation this morning started with Richard Weir, CEO of EEStor. ( Note: recorded here verbatim, which hopefully will satisfy some critics who think my interviews dont include enough direct quotes. ) When we spoke, he was aware of McCain's call for a $300Mil prize for any company that can create a next generation car battery.  

Blogger: All kidding aside, what do you think of this John McCain announcement?

RW: He just gave us $300Mil dollars. If he pulls it off, we get the $30oMil. Whose going to compete with us?

Blogger: I dont know. Who is your closest competitor?

RW: A123 spent $32Mil in 5-6 yrs. The price went through the ceiling. They say they get better charging time. Be careful because that's 80%. Ours is 100% charge/discharge and very very rapid. So I mean, who is going to compete with us?

Blogger: I cant think of anyone. 

RW: So we get the $300Mil. 

I asked him whether maybe Zenn Motor should get the prize and Weir explained to me that they dont build anything. :-)  I asked Weir about his politics and he was careful to be neutral but he did reveal his leanings. He did think McCain's idea was very smart.  And then he went on to share some of his thoughts on the political landscape in the context of an energy crisis.  

I asked him for an update on the permitivity tests and pointed out that when we spoke a month ago, he said news was forthcoming.  He said, "We've made significant progress since the last time we talked. Very very happy about the way things are going in our company." 

I pressed him on his recommendation last time to research what Lockheed had released on his technology and pointed out that they appear more tight lipped than he does. He laughed and then said, "It's going to happen. We're certainly happy with our progress. And EEStor is well positioned for a fast finish this year. "

In a future post, I'll share some more details on the conversation including how to do business with EEStor today...for those who think they have an application. 

In the meantime, moving forward, I'm more than a little concerned about the level and quality of comments being posted on my blog.  What we all have in common is an interest in whether or not EEStor can deliver this amazing technology. We can disagree and even be cranky about each other's assessments of this. But I'd like to ask that everyone show a little more civility and class.  My blog is like my home. If I invite you in, act like a guest.  I'm going to hold off moving to a moderated comment format for now. My guess is there are always going to be a few people who go beyond polite skepticism and issue vulgarities to ruin the atmosphere. If it keeps up, I'll have to moderate the comments.