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Zenn Motor Co Inc Shares Dive After Test Update-Reuters


Thursday, 17 Oct 2013 12:01pm EDT 

Reuters reported that Shares of Zenn Motor Co Inc, which hopes to provide battery technology for the transportation industry, tumbled on October 17, 2013 after Zenn released disappointing test results from a product it is helping to develop. Zenn Motor produced the ZENN LSV, a low-speed, zero-emissions vehicle before ceasing production in 2010 and turning its focus to supporting research and development of electrical energy storage units by EEStor, a privately held company based in Texas. Zenn Motor, which has an agreement for certain exclusive rights to purchase and deploy EEStor's technology, said on October 17, 2013 it could not yet to confirm EEStor's latest test results, but said the testing was extremely complex and could take time. 

Company Quote

0.36
0.0 +0.00%
25 Jul 2014