Thursday, September 3, 2009
I was able to interview Khurram Malik from Jacob Securities Inc today. They released coverage of Zenn Motor Company on Sept. 2, 2009. Malik and team visited EEStor Inc. in June along with 2 other companies. They were given a tour of the production line and even saw the powders produced by it (Malik could not reveal the color of the powder as he had signed an NDA). He was not shown components or EESU's.
If EEStor delivers there are three reasons why the world will not be revolutionized overnight:
1. ZMC and EEStor management are pragmatic people looking to maximize the return on their
investment and the reach of the technology over the long term. They will not sign deals to
just flood the market with product as quickly as possible.
2. The world is structured today along the lines of economies and societies that rely on
industries producing and consuming fossil fuels. Both in democracies and autocracies, these
very powerful industries will not just wilt away.
3. You will still need to generate electricity. And fossil fuels like coal are still the cheapest and
most prevalent fuels for power generation in the world today. So fully electric cars are not
really zero emission under most circumstances. However, there is more to a fully electric car
than simply its “green” reputation.