Agoracom

TheEEStory Exclusive: EEStor's New Contract

Ever since we learned last week of the DoD Wearable Power competition that is occurring now, there's been a swirl of speculation as to whether or not Lockheed Martin is fielding EEstor technology in the event. For my part, I've tried to get Lockheed to comment but have been unable to find anyone who will either confirm or DENY that EEStor technology is in the mix. The most I've heard is that Craig Vanbebber responded to some questions posed by Bettina Chavanne from Aviation Week about this topic but did not provide definitive information. I haven't been able to reach Mrs. Chavanne either. So, my next step was to contact the official channels and was able to reach Cdr Darryn James, who is listed as a contact for the contest. He mentioned to me that he was working on a new press release at that very moment with the names of the top 20 teams still in the competition. He could not confirm or deny EEStor involvement and wasnt familiar with all details like that. Lockheed was definitely in the final 20.

So, it was in that dark, uninformed scenario, that I thought I'd make one last attempt by querying a definitive source, ie, Dick Weir. In reading through my interview notes, I can see that it will appear that I really pressed him for an answer on the competition. I noticed that I failed to get a "no" from him (what I've been looking to get from Lockheed too). In any case, I must have badgered him just enough to get him to mention his latest contract for which he anticipates seeing an announcement "soon."

Interview from Sept 29, 2008.

Dick Weir: Dick Weir

Blogger: Dick, do you have EEstor technology in the wearable power competition sponsored by the DoD?

DW: Who am I talking to?

B: This is the eestor blogger, sir. How are you doing today?

DW: Hey, how you doing? What we're doing with Lockheed is proprietary with Lockheed Martin. There is a huge demand though for the wearable power situation because of the problems in the field. And EEstor thinks our technology is superior to lithium ion and so, if asked, we would certainly be willing to write a contract for batteries in the wearable power space.

B: Are you aware of the competition taking place right now sponsored by the Dept of Defense out in California at TwentyNine Palms...?

DW: yeah, we heard about that. That might be attractive. Right now we're on a path to produce batteries and things look great.

B: You know Senator John Warner was one of the sponsors of the bill that provided the funding for that type of a competition to support the military.

DW: Oh great, let me look into that.I wasn't aware that there was money involved. Let me take a peak at it.

B: It's a million dollar prize goes to the best wearable power out there today. And I've just learned that Lockheed Martin has made it into the final 20 teams but cant get confirmation as to whether or not they arefielding EEStor technology.

DW: Well EESTor is on a path. We've told everybody. This is not news that properly funded, we anticipate to be in production mid next year. If that meets that contest, then we'll probably serve up a battery for it. But we're on our path for success and we're plowing into that path and we're happy with our progress.

B: But that contest is taking place right now, sir.

DW: Im just telling you how I feel. We're very happy with our progress. And very happy that our battery will officially win a contract in that field when we have batteries to go and enter into military contracts.

B: One of the last things in relation to the last press release, was the desire on EEStor's part to achieve military specs. And people are trying to connect that press release to this contest.

DW: There are huge amounts of mission critical military contracts that need advanced technologies. And we will certainly compete in those as we go forward.

B: Are you in the competition?

DW: Im just saying. This is what I am saying. We are on a path here to be in production mid next year and with proper funding, thats what we're going through now and we're happy with that. We've landed another contract which is good and helps us, a very substantial contract with another company. With that now, we take those funds and move forward.

B: One thing that's odd here is that Lockheed Martin's typical press contacts have not returned calls on whether EEStor's technology is in that competition.

DW: I wouldn't worry about that, whether we're in that competition or not. When the contract is landed for those batteries, I think EEStor will be there to do it. Like I said, we're on a path here, driven by money and we're very happy with our path.

B: Can you say anything more about the new contract? Can you say who that is with?

DW: Yes, we have a contract that has been signed, sealed and delivered. I'm waiting for this company to put out a news release on it. It's for the two wheeled three wheeled market. Very attractive. That contract gives us funds and we're very happy with it. The thing about a two or three wheeled market is its very fast to market. When you get our battery and put it on a two wheeled vehicle, you don't need to have any crash tests on it and its sold quickly. So, we've completed that contract.

B: OK, that's great information.

DW: You can put out that we have a 2 wheel 3 wheeled contract, signed, sealed, and delivered. I can't say the name of the company yet but let them announce that and I'm hoping they'll do that soon and go from there.

B: Congratulations for that.

DW: It is a major step forward for us. That funding of course picks up our activity here. We're very happy with our progress. We're working very hard to get everything we can get done this year, which sets up the activity for 2009 for production base.

B: Keep up the great work.

DW: Yeah, we will. It's very exciting now. As the last news release said, we've hit the home run. Now it's just a matter of turning the crank fast enough to get the data out there. And it also proves the fact that we've signed a contract. These people are very happy with us. So, the world knows now that that we're in the 4 wheeled vehicle market at Zenn and we're in the two wheeled three wheeled market at another company.

B: Is it fair to say that that it is a sizable company that's going to issue the release?

DW: You take your picture, you put our battery on a bike, what size of a company do you think that's going to be? They have exclusive rights to our technology for two wheeled and three wheeled vehicles. The thing about a three wheeled vehicle ...its licensed as a motorcycle. The reason why I like that now...our battery will be going down the road at 85mph if the cops don't catch them. And thats very exciting to us also. And I think there will be a good market for that. And I think the scooter and electric bike market is just astronomical.

B: This does include electric bicycles then?

DW: It includes electric bicycles. Any two wheeled vehicle.

B: Is there any chance the last press release is related to this new contract in terms of a milestone...?

DW: Well hey, as the fact that we're progressing so nicely, hell yes it does. People are very happy with us. Thats what that proves. Good people like our progress.

B: Is there anyone else you're talking with these days?

DW: I cant talk about anything else. I can say this because it's true. It's happened. I can't say the name of the company. But I hope they come out with a press release soon so the world knows about it. But, keep looking, I'm sure there will be something soon. But we have the contract and it's signed, sealed and delivered.

And don't worry about military contracts. We've got our finger on the button there. And you know our technology is so superior....but I don't want to go out to the military until everything is proven. EEStor is not a hype company. And when we get everything proven, we'll get out there and get military contracts.

B: Well, thank you for your time today.

DW: Same thing, bye.

B: Bye.