SOURCE: Electro Energy Inc.

February 20, 2007 07:00 ET

Electro Energy CEO to Address Leading Alternative Energy Conference on February 20-21st

Executive to Chair Virginia Event Highlighting Military Energy Options

DANBURY, CT -- (MARKET WIRE) -- February 20, 2007 -- Electro Energy Inc. (NASDAQ: EEEI) announced today that its President and Chief Executive Officer, Michael E. Reed, will address the Second Annual Military Energy Alternatives Conference: Achieving Fuel Efficiency by Utilizing Alternative Energy Sources February 20th to 21st at the Hilton Arlington in Arlington, Virginia. Mr. Reed was also named Chairman of the event. Military fuel consumption makes the Department of Defense the largest consumer of energy in the U.S.

Mr. Reed will kick-off the event Tuesday at 8 a.m. ET with the introduction of former CIA Director, R. James Woolsey, who will brief the attendees on "Energy, Security and the Long War of the 21st Century." The event will provide further briefings and case studies on "Promoting Energy Efficient Efforts in the U.S. Military" and "A Cross Force Perspective on Alternative Energy Sources Available to the U.S. DoD." Wednesday at 1:30 p.m. Mr. Reed will update the gathering on "Advancements in Energy Storage Technology for the Warfighter."

The Second Annual Military Energy Alternatives Conference brings together leading executives from all branches of the military and private industry to explore current alternative energy sources available to the DoD. There will be discussions on how the DoD intends to meet the responsibilities of the Energy Policy Act, and how to achieve energy efficiency in the U.S. Military. It will examine alternatives to the current energy sources and assess the viability of these alternatives. There will be discussions on reducing fuel requirements with alternative technologies, advancing defense testing and evaluation, examining developments in Fischer-Tropsch technologies, fuel cell options for the military and advancing battery technology and other relevant energy issues. In addition, it will seek to understand current and future applications of alternative fuels, and the impact on combat operations, efficiency and potential DoD savings.

About Electro Energy Inc.

Electro Energy Inc., headquartered in Danbury, Connecticut, was founded in 1992 to develop, manufacture and commercialize high-powered, rechargeable bipolar nickel-metal hydride batteries for use in a wide range of applications. Its Colorado Springs operation supplies aerospace-grade high quality nickel cadmium batteries and components for satellites, aircraft and other specialty applications. EEEI is also developing high-power lithium rechargeable batteries utilizing the Company's proprietary bi-polar design. EEEI has recently acquired significant manufacturing assets near Gainesville, Fla. to accelerate commercialization of its battery technology. For further information, please visit www.electroenergyinc.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Electro Energy Inc.'s Securities and Exchange Commission filings available at http://www.sec.gov.

Contact Information

  • Contact:
    Andrew Hellman
    CEOcast, Inc. for Electro Energy Inc.
    (212) 732-4300