• Feb 15th 2011 at 5:05PM
  • 22
Effective February 14th, Ian Clifford stepped down from his role as chief executive officer of ZENN Motor Company, Inc. Clifford, who founded ZENN back in 2001, has no intentions of completely leaving company and will immediately assume the position of vice chairman of ZENN's board of directors.

Clifford summed up the reasoning behind his resignation, stating:
The purpose of this transition is twofold. Firstly, this makes sense in the context of our focus to preserve cash and I am pleased that my move can contribute towards this objective. Secondly, and most importantly, it allows me to remain dedicated to positively maintaining our key relationship with our technology partner, EEStor, Inc. I take great pride in the company that we have built and look forward to the opportunity to focus on strategic initiatives.
Brian Cott, who joined ZENN back in 2006 and served as the company's chief operating officer, has been selected to replace Clifford as ZENN's president and CEO. Also, we're still anxiously awaiting something – anything – on the EEStor front. Let's just say we gave up holding our breath quite some time ago. Hat tip to Bret!

[Source: ZENN Motor Company]
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ZENN Motor Company Announces Change in Management

ZENN Motor Company Inc. ("ZMC" or the "Company") (TSX VENTURE:ZNN) today announced that effective today, Ian Clifford will resign from his position as Chief Executive Officer (CEO) and assume the role of Founder and Vice-Chair of the Board of Directors of ZMC. Mr. Clifford, who founded the Company in 2001, will continue to play a key role in defining the Company's future vision and strategic plans.

"The purpose of this transition is twofold", stated Clifford. "Firstly, this makes sense in the context of our focus to preserve cash and I am pleased that my move can contribute towards this objective. Secondly, and most importantly, it allows me to remain dedicated to positively maintaining our key relationship with our technology partner, EEStor, Inc. I take great pride in the company that we have built and look forward to the opportunity to focus on strategic initiatives", Clifford continued.

Rick McGraw, Chair of the Board of the Company stated, "We thank Ian for his many years of leadership as Founder and CEO of ZENN Motor Company. I applaud Ian for his vision of zero emission transportation and know that he will remain extremely committed to supporting our pursuit of that vision by remaining fully engaged in our relationship with our key technology partner, EEStor, Inc. and helping us to set the future direction of the organization."

In what is a natural evolution for ZMC, Brian Cott will become President and CEO of the Company effective today. Mr. Cott joined ZMC in 2006 as President and Chief Operating Officer, shortly after ZMC became a publicly listed company.

"I am excited about our current plans and activities and firmly believe that our ZENNergy™ technologies and solutions will have a major impact on the electrification of the automotive industry", Mr. Cott said. "We have assembled a strong core team of executives who are working hard to ensure that ZMC takes full advantage of the significant opportunities emerging in our industry."

About ZENN Motor Company Inc.

ZENN Motor Company, Toronto, Canada, is dedicated to enabling emission-free, energy-efficient transportation through unique, yet widely applicable, technology offerings. Driven by quality, ingenuity and a philosophy of social responsibility, the ZMC team is redefining what is possible in the pursuit of zero emission transportation.

ZENNergy technologies and solutions, to be powered by EEStor's electrical energy storage units (EESU) are expected to enable OEM and Tier 1 partners to deliver advanced electric transportation solutions to their customers. The Company has a Technology Agreement with EEStor that provides certain exclusive and non-exclusive rights to purchase and deploy EEStor's EESU technology, which rights are detailed in the Company's AIF.

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    • 1 Second Ago
      • 4 Years Ago
      Wow, scepticism all around....rightly so I guess...Still I can think of at least one scenario in which EEStor isn't the fraud it appears to be. From an early stage Lockheed-Martin got involved with EEStor. These merchants of death have very little to gain from an invention that would pretty much put an end to the reign of oil since their trade largely depends on oil and petrodollar related conflicts. Just getting hold of the patent and sitting on it like Chevron did with NiMH was probably not feasible for something this big and -like Chevron- they would never hear the end of it. Better(brilliant even...) strategy would be to offer EEStor money to behave in such a way that even the most eager industry watcher would conclude it's a scam.....
        • 4 Years Ago
        You're being silly. Three years ago someone at L-M thought there might be something in EEStor and "signed an exclusive international rights agreement to integrate and market Electrical Energy Storage Units (EESU) from EEStor, Inc., for military and homeland security applications."

        It's just a deal that didn't pan out. Back to conventional batteries and generators.
        • 4 Years Ago
        Antranig: what exactly does the fact that LM is present wherever game changing breakthroughs in batterytechnology can be expected proof do you think? That they really really need high capacity batteries for their weapon business or that they want to make sure their weapon business will not be ruined because the stuff that keeps the world knee deep in blood -oil- is rendered obsolete?

        Maybe I'm just being silly like Skierpage suggested, but the fact that the established military industrial complex immediately moves in where gamechanging breakthroughs in energy technology are expected gives me an uneasy feeling and I'm just not going to assume they have the general interest at heart.
        • 4 Years Ago
        Lockheed Martin has working relation with Rice University not EESCAM.
        You have to ask yourself if Lockheed Martin believes in EESCAM's BS, why is LM spending time, money and man power with Rice University to improve lithium batteries 10x?
        Also since we know from the Air Force Research Lab email EESCAM is running low on funds, why doesn't LM fully fund EESCAM's production line if they believe EESCAM BS? Tom Villars, a pumper of EESCAM has posted EESCAM will be worth >100 billion USD with a functional EESU. LM management must be morons for not funding EESCAM's production line, right Brennan?

        Maybe Sebastian, Sam, or Eric should contact LM and ask them why are they investing money and manpower in improving lithium battery if EESCAM's EESU are to make lithium batteries obsolete?
      • 4 Years Ago
      @marcopolo, Don't miss quote me like the con artist anonymous eestor news blogger did to the Air Force Research Lab official.

      This is not my rant, this is not whole bunch of defamatory ranting. This is evidence from Ian Clifford's mouth, not mine...listen closely to the LIES that comes out of the mouth of the CEO of ZMC Ian Clifford@ 4:34, http://www.youtube.com/watch?v=d1rpkLLRK8c Video recorded 2007.

      The following are not my rants. They are documented quotes coming from Ian Clifford the CEO of ZMC who should know and should have known before opening his mouth:
      “[ZENN president Ian Clifford] He is confident that EEStor will pull the wraps of their mysterious "battery" very soon; his exact word was "imminent" and that I could, in fact, hold my breath for their announcement. "(Bill Moore, EV World, November 29, 2006)

      "Do you guys have any working prototype vehicles?"
      "No. Our expectation from EEStor and that’s always been our expectation is that they will deliver a commercial product to us. They will deliver and what they’ve told us is by the end of this calendar year was delivery of an early production commercial unit."
      "We’ve stated that if EEStor stays on schedule to deliver early commercial units to us by the end of 2008 that we will have a fully certified highway vehicle powered by EEStor at the end of 09." June 1st, 2008

      I checked in with Mr. Clifford regarding this new report on the timing of the public release of EEStor’s testing. Whereas he couldn’t be specific, he confirmed the release is indeed "imminent." June 27th, 2008

      “I don’t use words like ‘imminent’ anymore,” says Clifford. January 2009

      "The following milestone is delivery of a production prototype unit for a car and that's late next year."-"Now, in Austin, Texas, they have a state-of-the-art production facility that's ready to deliver production units in 2009." Friday, May. 15, 2009

      “the timeline for the delivery of an EESU is entirely within the purview of EEStor and as such I cannot comment on delivery timelines. I will restate that ZENN remain confident in the launch of an EEStor EESU (electrical energy storage unit) powered cityZENN by the last quarter of 2009.” December 21st, 2008

      “I firmly believe that 2009 will be the year that the automotive industry changes forever — and not just because of the current economic turmoil we are all familiar with, but led by the commercialization of disruptive zero-emission automotive solutions by ZMC.” December 24th, 2008

      "we've seen this product with our own eyes." April 16, 2008

      "Zenn's Clifford, who said he's asked daily about the current status of EEStor, said his company is in regular contact with the energy storage developer and makes frequent visits down to EEStor's production facility in Cedar Park, an Austin suburb." "To be very clear, this is not a lab that they are building. It is a full, state of the art production facility that is nearing completion, and we remain very pleased with their progress." March 31, 2008

      "EEStor's game-changing energy storage technology is in the advanced stages of commercialization", stated Ian Clifford, Chief Executive Officer. "EEStor has publicly committed to commercialization in 2008 and their first production line will be used to supply ZENN Motor Company." Mar 28, 2008

      If you believe I have slandered Dick Weir and Ian Clifford, contact the con artist eestor news blogger who is employed at Network General:
      Tell the con artist Brennan it does not take over 4 years and 7 months for UL to certify a product.
        • 4 Years Ago
        Absolutely!!! A CEO of company has a fiduciary duty to it's share holders to should know and or should have known when he opens his mouth. Ian Clifford has been documented lying since 2006. Dick Weir CEO of EESTor's commented:
        "People say we're late. We're not late! Zenn put out some things but we didn't authorize those statements." 3/24/10. So who is the LIAR, Dick or Ian? It will be for a civil court to decide.

        There is no more need to debate this here. It is apparent the followers of the con artist eestorblogger also known as Baghead Brennan the one that is employed at Network General is here on this blog defending Ian Clifford. Let me tell you something, there are lot more investors in Zenn who are not followers of the con artist with the bag over his head and I will guarantee you Ian Clifford will have to answer to them.

        • 4 Years Ago
        Clifford was forced to step down as a money saving move, and ZENN is in jeopardy because of the delays in bringing to market the device EEstor promised HIM and EVERYBODY ELSE was going to deliver.

        As the CEO of ZENN corps his job was to keep the momentum going while believing what the Texas corp was telling him.

        You accuse him of lying because you claim he "should have known" he was offering unsubstantiated promises.

        I think your claims are bogus, based on a very shallow observation of the facts.

        ZENN is going down the tubes because they've been lied at, and you blame them for it?

        Just because he promised it doesn't mean he wasn't also promised by the Texas firm it was going to deliver.

        ZENN lost $65K for every $15K car they sold, and all because the Texas supplier never did supply the energy storage device. They are having enough trouble for now being blamed for the EEStor failure to deliver.
      • 4 Years Ago
      Can someone say "Patsy"?

      I really hope they're on the level, but then again, I used to believe in Santa Claus...
      • 4 Years Ago
      PERHAPS THERE IS ANOTHER REASON why the device has not reached the market.

      Electric motors have been around for over a hundred years. They are simple, efficient, clean, few moving parts and last a long time. The reason why they were relegated by the internal combustion engine has been ENERGY STORAGE.

      So the significance of this new invention is so dramatic, so explosive that it would obliterate the market place and seriously damage the interests of other current players who profit by maintaining the status quo as it is today.

      In a few words: There are fantastic forces against the release of such an invention, and as soon as I saw a Military Industrial Complex giant like Lockheed Martin getting involved years ago, I thought the game was over for the consumer "market".

      As shown in the film "Who killed the Electric car?" , electric motors are so much more practical, the auto industry themselves saw they would lose a staggering amount of income from the down the line car parts business, since they would require so much less maintenance.

      As long as we have a for-profit economic system we'll end up with the most UN-economic economic system since it thrives on scarcity. As soon as there is plentyfull of anything, there is no profit on it and the production and development stops.

      Large corporations want us to be hooked to THEM in a centralized energy distribution grid. The last thing they want is individuals having their energy supplied on site, at home, by the sun, wind or what-have-you.

      Oil producing countries like Saudi Arabia who have wasted their precious oil resources in lavish jets, yachts and high priced prostitutes, will kill to stop any device that would end up cutting down oil consumption to the point oil prices would fall and they'll end up eating sand.

      Let's not kid ourselves. This device if it works as the patents claim, will be the beginning of the end for the internal combustion engines, from weed eater, chain saws, truck engines and perhaps transatlantic vessels and high speed trains. It is over as a viable highly profitable oil industry and perhaps more than that, it would bring an end to the POLITICAL CONTROL these oil corporate bastards have today.

      Do you really think they can let that go just like that? How much easier it is to cut it on the bud, before it's even available in the open market.
      • 4 Years Ago
      What was their last promised milestone again? They've missed so many I don't think anyone is seriously banking on them anymore.
      • 4 Years Ago
      I think Zenn is quite sincere and so far no one has even hinted at any fraud by the directors of Zenn, so your remarks are quite out of order.

      Chris M, is quite right. It would appear Zenn have been carried away with the glamour of the EEStor holy grail. It may be that the promoters of EEStor also believed that they have discovered the holy grail. (but found the instruction on how to make it work, missing)!

      Meantime, as royharvie points out, who minding the shop? Would it be a good idea to produce a more humble product for sale, while waiting for the Eureka enlightenment?

      Maybe in the Chapter 7 phase, the EEStor technology can finally be independently assessed.
        • 4 Years Ago
        Look, I don't know Ian Clifford is, or isn't dishonest! But you, have no real evidence that he is dishonest.

        However, before you accuse anyone of a crime you must have evidence! The 'presumption of innocence' is a very strong principle of law.

        What you have is not evidence of anything more than a whole bunch of defamatory ranting posted on a website headed "GM Volt" ,(unauthorised by GM).

        Just because you post it one website then refer to that website as an authority, doesn't make it valid.

        If you really believe that the shareholders have been deceived, raise the issue as a shareholder, at a shareholders meeting. Better still, make a complaint to the regulatory authority. Not very difficult.

        Making overly optimistic announcements, is not, in itself, evidence of criminal behaviour. A director can be banned from being a director of a public company if found guilty of reckless or unreasonable optimism. Again the burden of proof is very high. Just missing deadlines and delays are disappointing but not necessarily evidence of malfeasance.

        The advantage of the Internet, is it allows freedom of information to be published anonymously . Unfortunately, it also allows cranks and malcontents to publish ignorant, and poorly informed libels without any recourse for the person being libelled.

        I have no idea whether Ian Clifford is a fraudster. But you don't possess any real evidence, apart from malicious speculation, that he has defrauded anyone.

        If you believe yourself correct, don't be lazy, do the research and discover real facts, or find a real reporter, or better still, an official corporate regulatory investigator and gather some factual evidence.
        • 4 Years Ago
        Of course people have hinted at fraud by ZENN and Ian Clifford. They abandoned making their NEV to engage in mutual jerk-off stock kiting with EEStor. "EEStor is awesome, we're abandoning making stuff to invest in them!" "ZENN is awesome, we're granting them worldwide exclusive licenses for our unit in car conversions." Etc., etc.
        • 4 Years Ago
        Ian Clifford/ZMC has never been sincere. It has been documented Ian Clifford has been LYING since 2006 EESCAM will be delivering EESUs to Zenn. View this video from 2007 and listen closely to what comes out of the mouth of the CEO of ZMC @ 4:34, http://www.youtube.com/watch?v=d1rpkLLRK8c
        Here are more documented LIES by the CEO of ZMC:
        Ian Clifford LIED to Zenn stockholders from theeecircusstory.com who attended last year Zenn's AGM telling them "technology will be delivered" and "there are no technical hurdles".

        EESTor CEO Dick Weir was not happy with IC and stated the following to the con artist anonymous EESTor news blogger, "People say we're late. We're not late! Zenn put out some things but we didn't authorize those statements." 3/24/10


        If you don't tell the truth, you are a liar. If you continue to tell lies, then you are a con artist!

        Connect the dots, read the tea leaves...they are all con artists!
        • 4 Years Ago
        Skierpage, I really meant no authority or serious analyst, has accused the directors of Zenn of fraudulent conduct. Over enthusiasm, poor judgement, bad business judgement, even incompetence don't qualify as fraudulent actions, if they had a reasonable belief that EEStor was genuine.

        They may be civilly liable to the shareholders if they have acted with real negligence, but even this is a hard test to prove.

        'Awesome" , is not really a legal definable term.

        Not building an NEV, and doing what you think they should do, is not fraudulent conduct!

        So unless you have proof of corrupt or deliberate conspiracy to defraud, you are just making an unsubstantiated charge of criminal behaviour against the directors, without any evidence, for malicious purpose. That's a serious matter in any jurisdiction.

        Until I see evidence to the contrary, I would rather believe that the directors of Zenn have just been foolish and naive.
      • 4 Years Ago
      If ZENN was serious about being a business, they would have been marketing their electric conversion kit long ago using any existing battery and establish themselves as a legitimate player in the electric car field.
        • 4 Years Ago
        ZENN used to be a major player in the NEV market, but they got suckered into putting a lot of cash into EEStor, which has put them in a very perilous financial position.

        The EV market is getting very competitive, the NEV market is over-crowded, and I don't think ZENN is going to survive.
      • 4 Years Ago
      "ZENN CEO Ian Clifford resigns, Brian Cott assumes position"

      Is that a bent-over position?
      • 4 Years Ago
      I believe eestor is on the level, however because of their extremely long delays I believe they have hit a major engineering issue/flaw/breakdown. Eestor's funding isn't unlimited. I give them 6-9 months before they run out of money and give up.
        • 4 Years Ago
        Considering the extravagant claims, which the experts considered suspect, and the fact that they've never demonstrated even a "demo sized" model, EEStor looks extremely suspicious. But I suppose there is the remote possibility that they really did believe their hype, and really did think it would eventually work. Since I cannot read their minds, I can't say for certain.

        But either way, self-deluded or deliberate fraud, it doesn't look like it will ever come to market.
      • 4 Years Ago
      Wasn't this company supposed to come out with some kind of big fantastic unbelievable breakthrough something like about a thousand years ago and never ever produced anything, at all, whatsoever?

      Why aren't these guys in prison? And more important, how can I get people to give me tons of money to do nothing but produce an occasional obviously totally bogus press release?
      • 4 Years Ago
      For all those believers and pumpers of EESCAM, Dick Weir needs to raise capitol because EESCAM is running out of funds. Lockheed Martin, Mort Topfer and KCP will not further invest in EESCAM. Why don't you pumpers of EESCAM with the anonymous con artist eestor news blogger and Tom Villars put your money where your mouth is and invest in EESCAM as a group. Contact Dick Weir at EESTor, 512-258-5669 dick_weir@eestor.us, he needs new suckers I mean investors in EESCAM for details.

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