CEDAR PARK, Texas, Aug. 12, 2013 /PRNewswire/ -- EEStor Inc. ("EEStor") Announced today they were notified by the Zenn Motor Company's board on August 7, 2013 that a deal to purchase KPCB's "Series A" investment in EEStor was being announced on August 8, 2013. EEStor provided a positive response and feels this is an opportunity for both companies moving forward.
About EEStor Inc.
Headquartered in Cedar Park, Texas, EEStor Inc. is dedicated to the design, development, and manufacture of high-density energy storage devices and Capacitors. EEStor, Inc. is utilizing revolutionary ultra-capacitor architecture and environmentally friendly materials in the production of our EESU's and capacitors.
This press release contains "forward-looking statements," including statements related to potentially allowing EEStor technology to achieve an energy density which would be competitive against all other electrical energy storage technologies and plans for third party testing and certification. These statements are subject to a number of risks and uncertainties, including the risk of development or production delays, the risk that the technology or devices may not perform as expected, component or raw materials delays or shortages, the ability to effectively manage operating expenses and manufacturing operations and the ability to maintain or raise sufficient capital to fund current development and production goals. EEStor's actual results may differ materially from the expected results in this release. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made. EEStor does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this press release, or to reflect the occurrence of unanticipated events.
President & CEO
SOURCE EEStor Inc.