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Lockheed Martin Signs Agreement with EESTOR for Energy Storage Solutions

10 January 2008

Lockheed Martin has signed an exclusive international rights agreement to integrate and market Electrical Energy Storage Units (EESU) from EEStor, Inc., for military and homeland security applications. Specific terms of the agreement were not disclosed.

The EESU is a new high-power-density ceramic ultracapacitor that EESTOR says could provide 10 times the energy density of lead acid batteries at 1/10th the weight and volume. As envisioned, EESUs will be half the price per stored watt-hour than traditional battery technologies.

In 2007, Canadian electric automaker ZENN Motor Company took an initial 3.8% equity position in EESTOR. Under a technology agreement with EESTOR, ZENN holds certain worldwide exclusive licenses for EEStor’s storage units for new small and medium-sized low-speed and highway-capable vehicles (up to 1,400 kg curb weight). ZENN also holds worldwide exclusive rights for EEStor units for the conversion of any used internal combustion passenger vehicle to electric drive. (Earlier post.)

Lockheed Martin is primarily focused on the potential use of the EESTOR units in battlefield applications, for soldiers in the field.

EESU qualification testing and mass production at EEStor’s facility in Cedar Park is now planned for late 2008.

January 10, 2008 in Brief | Permalink | Comments (27) | TrackBack (0)

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If you see this from the eyes of the inventor, rather than from eyes of those who did not invent it, i.e. need to prove it wrong, why would any smart inventor give out clear and concise details of a WORLD changing technology that could be copied countries like China in a patent application, let alone a detailed press release? And why would a smart CEO of such technology be stupid enough to provide ALPHA units that can get "Lost" or go missing from off site test facilities. I think people are being a little naive about industrial espionage. What? You think that is "spy" fiction? SO to those intellectuals that assume too much from lack of proof, temper that skepticism until success or failure is prove. Additionally, no company, ESPECIALLY L.M. will be "Given" an exclusive contract unless the pony up some CASH. And L.M. will not do anything like that or ZENN unless their engineers see upclose PROOF of concept demonstrations. Try to see things with "business Glasses" on while you watch things unfold. BTW, factory production slippage is normal if expected production capacity requirements increase before completion of a facility. It would COST a lot to close an existing facility to change production lines rather than just change the design before any production starts. For anyone with manufacturing development experience, you know this already.

Posted by: InternetELF | January 23, 2008 at 02:27 AM

InternetELF is correct on all points concerning secrecy of a revolutionary new technology and industrial espionage and theft of that technology. Just remember what RCA tried to do to Farnsworth, the inventor of T.V. Eestor's invention would be quite revolutionary and, combined with solar, would probably eliminate dependence on fossil fuels. It would do serious damage to the oil industry. With true electric cars there would be no need for gas or oil to lubricate those automobile engines. No need for heating oil/gas to heat your house. It would be very green energy, even better than nuclear.

Posted by: Paul | February 07, 2008 at 06:41 PM

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