EnerDel to unveil lithium batteries

The batteries are ready?

Charles Gassenheimer, Vice Chairman of Ener1, stated, "We are honored that Congressman Burton will preside over this unveiling in his home state of Indiana. We believe that our battery technology is a pivotal advancement that will enable HEVs and eventually PHEVs (plug-in hybrids) and EVs (electric vehicles) to become the predominant forms of transportation in the world. Over the next five and ten years, we expect that the conversion of the consumer automobile fleet to HEV, PHEV and EV will have the single greatest impact on the reduction of fossil-fuel energy consumption and greenhouse gasses of all alternative energy technologies. EnerDel has developed a safe, high-powered Lithium ion battery for HEVs that we will manufacture in the United States, creating 'Green Collar' jobs for our economy. As a company, we are proud of our employees who continue to deliver to our shareholders on milestones that we announced in June 2007."