Data released in December indicates that energy storage technology player EEStor’s composition modified barium titanate (CMBT) powder has the potential to be disruptive, and with a 71% interest in EEStor, ZENN Motor (TSXV:ZNN) is well positioned, says Paradigm Capital analyst J. Marvin Wolff.
On Wednesday, ZENN reported its fourth quarter and fiscal 2014 results. The company lost $2,601,207 in 2014, $735,986 of which came in the fourth quarter. Wolff says this Q4 $0.01 a share loss was in line with his expectation of a $0.02 per share loss.
The Paradigm analyst thinks that with a recent raise, ZENN has enough capital to last through Q2, 2015. Importantly, he says data released on EEStor in December will help the company going forward. He says the independent reports confirmed that EEStor can provide physically smaller solutions that have the same chargeThe amount of electricity present upon the capacitor's plates. Also, the act of forcing of electrons onto the capacitor's plates. See CoulombA coulomb is the unit of electric charge. It is named after Charles-Augustin de Coulomb.1 coulomb is the amount of electric charge transported by a current of 1 ampere in 1 second. It can also be defined in terms of capacitance and voltage, where one coulomb is defined as one farad of capacitance times one volt of electric potential difference.. capacity at much higher voltages than is currently available.