SOURCE: Electro Energy Inc.

May 13, 2008 10:39 ET

Electro Energy to Exhibit at Advanced Automotive Battery Conference

DANBURY, CT--(Marketwire - May 13, 2008) - Electro Energy Inc. (NASDAQ: EEEI), a leading provider of advanced battery technologies and associated systems, today announced that Electro Energy will be exhibiting at the Advanced Automotive Battery Conference (AABC) from May 13-15 at the Tampa Convention Center, Florida. EEEI is also a co-sponsor of the event.

Electro Energy will highlight their flat wafer cell design for the nickel-metal hydride (NiMH) and Lithium Ion (Li-Ion) chemistries. The technology has been successfully demonstrated in various transportation applications, including hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV) and auxiliary power unit (APU) for trucking industry idling reduction. Representatives from top automotive companies will also tour the company's battery manufacturing facility in Gainesville, Florida.

For updated information about AABC & Symposia events, please visit their website at www.advancedautobat.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 supplies aerospace-grade high quality nickel cadmium batteries and components for satellites, aircraft and other specialty applications. EEEI is developing high power lithium rechargeable batteries utilizing the Company's proprietary bipolar wafer cell design. Its Gainesville, Florida facility is the largest lithium ion battery manufacturing plant in the US with annual capacity of over 30 million 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