SOURCE: Electro Energy Inc.

October 19, 2007 10:00 ET

Electro Energy Invited to Participate in Green "Transportation" Expo in DC

DANBURY, CT--(Marketwire - October 19, 2007) - Electro Energy Inc. (NASDAQ: EEEI), a leading provider of advanced battery technologies and associated systems, announced today their participation in the Green "Transportation" Expo on October 25, 2007 at the Cannon Building in Washington, DC. The event is part of the mission "Greening the Capitol" led by Speaker Nancy Pelosi to make the U.S. House of Representatives a leader in providing an environmentally responsible and healthy working environment and a showcase for sustainability. The event is being hosted by the Office of the Chief Administrative Officer, United States House of Representatives and will include representation from a host of alternative transportation agencies and manufacturers including GM, Toyota, Ford, and Honda.

Electro Energy will be exhibiting their 2005 Toyota Prius as well as hosting an exhibit booth. The EEI Toyota Prius is a Hybrid Electric Vehicle (HEV) converted into a Plug-In Hybrid Vehicle (PHEV), utilizing a 6 kWh wafer cell Nickel-Metal Hydride (NiMH) battery, with an all electric drive range of greater than 25 miles. EEI's proprietary wafer cell bi-polar NiMH and high performance wafer cell Li-Ion batteries provide excellent power and energy properties for the emerging HEVs and PHEVs.

Due to continually rising fuel prices and global uncertainty of future oil supplies, as well as growing concerns over environmental effects from burning such fuels, alternative means of energy are being explored for the transportation industry. EEI, with its state-of-the-art large scale fully automated manufacturing assets in the United States, is uniquely positioned to offer low cost, high performance battery solutions for HEVs and PHEVs, as well as other transportation applications.

About Electro Energy Inc.

Electro Energy Inc., headquartered in Danbury, Connecticut, was founded in 1992 to develop, manufacture and commercialize high-powered, rechargeable bipolar wafer cell 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. EEI is also developing high power lithium rechargeable batteries utilizing the Company's proprietary wafer cell design. EEI has recently acquired significant manufacturing assets near Gainesville, Fla., to accelerate commercialization of its battery technology. For further information, please visit www.electroenergyinc.com.

About "Green Transportation" Expo:

The "Green Transportation" Expo is being organized by the Office of the Chief Administrative Officer (CAO), which provides operations support services and business solutions to the community of 10,000 House Members, Offices and staff. For more information on the "Green Transportation" Expo, please visit http://cao.house.gov/greenexpo/.

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:
    Timothy E. Coyne
    203-797-2699