EEStor Provides a Progress Update on the Development of its Electrical Energy Storage Units
CEDAR PARK, Texas, June 21, 2012 /PRNewswire/ — EEStor Inc. (“EEStor”) announced today that it has successfully completed production of an electrical energy storage unit (EESU) dielectric layer that will potentially allow its technology to achieve an energy density which would be competitive against all other electrical energy storage technologies. At the completion of additional internal testing and refinements by EEStor, EEStor plans to obtain third party testing and certification of the EESU. On May 15, 2012, EEStor had announced that it was working on improvements in its film morphology and the success announced today reflects the completion of these improvements.
About EEStor Inc.
Headquartered in Cedar Park, Texas, EEStor Inc. is dedicated to the design, development, and manufacture of high-density energy storage devices. EEStor Inc. is utilizing revolutionary ultra-capacitor architecture and environmentally friendly materials in the production of our EESU’s.
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.
SOURCE EEStor Inc.