SOURCE: Electro Energy Inc.

June 17, 2008 09:30 ET

Electro Energy to Participate in ACG Advanced Automobile Battery Investment Summit

DANBURY, CT--(Marketwire - June 17, 2008) - Electro Energy Inc. (NASDAQ: EEEI), a leading provider of advanced battery technologies and associated systems, announced today that Michael Reed, President & CEO, will be a featured panelist at the Association for Corporate Growth Advanced Automobile Battery Investment Summit being held on June 17, 2008 at the Standard Club, Chicago, IL.

Mr. Reed will be a member of the panel to discuss "Lithium Battery Technologies for Automobiles - Opportunities and Challenges." Panelists will discuss at length the different approaches being taken by their companies to increase energy storage, minimize safety hazards in lithium-based technologies, and how best to maximize value in this rapidly developing market.

Mr. Reed will highlight the Company's patented technology, developed with over $30M of U.S. Government funding, providing smaller, lighter, more powerful and less costly batteries for our military. Electro Energy is developing its proprietary technology in lithium-ion and nickel-metal hydride chemistries that meet the needs of the transportation market. The Company is starting up the only high volume lithium-ion manufacturing facility in the US. Initial production is cylindrical 18650 lithium ion battery cells with future production to include large format cylindrical and prismatic cells meeting the needs of the transportation market.

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:
    Brenda Cooper
    (203) 797-2699