SOURCE: Electro Energy Inc.

May 07, 2008 09:10 ET

Electro Energy Receives UL Certification for Lithium Ion Battery

DANBURY, CT--(Marketwire - May 7, 2008) - Electro Energy Inc. (NASDAQ: EEEI), a leading provider of advanced battery technologies and associated systems, today announced that it has received Underwriters Laboratories Inc. ("UL") certification for its model 18650AXA rechargeable lithium ion cylindrical cell under the UL Component Recognition Program certifying full compliance with UL Standard 1642, "Lithium Batteries."

Michael E. Reed, Electro Energy's President and CEO, said, "We are delighted that our 18650AXA lithium ion cell has received this certification from Underwriters Laboratories, one of the world's premier independent product safety testing organizations. UL certification is universally recognized by product manufacturers and consumers and readily accepted by international certification bodies across the globe. In combination with the high quality and cost competitiveness of our cells, this UL certification will help us to quickly establish market acceptance of our products to meet the growing worldwide demand for 18650 cells."

Details of the UL certification can be viewed at: http://database.ul.com/cgi-bin/XYV/template/LISEXT/1FRAME/showpage.html?name=BBCV2.MH46283&ccnshorttit le=Lithium+Batteries+- +Component&objid=1079504377&cfgid=1073741824&version=versionless&parent_id= 1073747351&sequence=1

Electro Energy is ready to take orders for the 18650AXA cells and interested customers should call 386-462-5080 extension 300 or e-mail: sales@electroenergyinc.com.

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 is AS9100/ISO9001 certified and 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 bipolar wafer cell design. EEEI owns significant manufacturing assets near Gainesville, Florida for rechargeable lithium ion 18650 cylindrical cells, the standard cell used in the electronics industry. 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:
    Mike Reed
    203-797-2699