SOURCE: Electro Energy Inc.

November 29, 2006 07:00 ET

Electro Energy to Display Its PHEV Converted Toyota Prius at Leading Alternative Energy Conference

DANBURY, CT -- (MARKET WIRE) -- November 29, 2006 -- Electro Energy Inc. (NASDAQ: EEEI), a developer and manufacturer of advanced rechargeable batteries, announced today that it will display its PHEV Converted Toyota Prius, powered by its patented Bipolar Nickel Metal Hydride (NiMH) Battery technology at the Electric Drive Transportation Association Conference and Expo being held November 28 - 30 in Washington, DC. The demonstration vehicle will be exhibited at the conference.

Electro Energy President and CEO Michael E. Reed will also present during the afternoon of Wednesday, November 29th along with representatives from GE, GM and Honda. The conference also includes speeches from all major motor industry constituents including Toyota, DaimlerChrysler and Hyundai. Mr. Reed will present the company's experience in using its Bipolar NiMH battery to convert a Toyota Prius to a Plug-in Hybrid, reducing the vehicle reliance on gasoline while reducing emissions. The conference brings together experts in electric vehicles to advise policy makers in Washington who are urgently seeking to reduce the US dependence on oil. EDTA's platform will examine federal policy options to accelerate the adoption of electric vehicles. For more information about the EDTA conference, see www.electricdrive.org/conference2006.

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
    (212) 732-4300