Just figured I’d stamp out a rumour circulating the blogosphere that Lockheed has some kind of investment in EEStor. A reliable source close to the company told me that Lockheed has not invested a single dime in EEStor and that the agreement between the two announced last January strictly relates to Lockheed’s role after EEStor has developed its product. In other words, Lockheed will be more than happy to market, sell, and integrate EEStor’s EESUs into military applications if it is handed a working product.
This isn’t to say EEStor’s relationship with Lockheed is no big deal. The fact that Lockheed would lend its brand to a press release that includes EEStor, and has even named EEStor in a patent, is significant. Also, because we’re dealing with military applications, who knows what kind of collaboration is going on behind the scenes? However, contrary to what’s floating around out there, Lockheed is not an investor. (ed. note: for clarification my source says Lockheed has “not given EEStor a dime,” which would indicate there is no investor or fee paid).