SOURCE: Electro Energy Inc.

October 25, 2006 07:00 ET

Electro Energy to Present Its Battery Technology at EVS22 in Yokohama, Japan

Hybrid Vehicle Achieves More Than 100 Miles per Gallon

DANBURY, CT -- (MARKET WIRE) -- October 25, 2006 --Electro Energy, Inc. (NASDAQ: EEEI), a developer and manufacturer of advanced rechargeable batteries, announced today that the Company will present its "Transportation Bipolar NiMH Battery" developments at the EVS22 - The 22nd International Battery, Hybrid and Fuel Cell Electric Vehicle Symposium & Exhibition in Yokohama, Japan on October 27th.

EVS22 (www.evs22.org) is hosted by the Japan Automobile Research Institute in cooperation with the Electric Vehicle Association of Asia Pacific and the World Electric Vehicle Association. The EVS exposition is the largest international exposition in the field of battery, hybrid and fuel cell electric vehicles. The exposition comprehensively presents technology related to electric vehicles, which are environmentally friendly and contribute to saving energy, as well as introducing the world's efforts to promote and spread the use of such vehicles. The Symposium theme, "Moving to Sustainable Mobility" and technical sessions will cover a broad range of topics on technologies, public policies and dissemination efforts. Major sponsors include Toyota, Nissan, Honda and Daimler Chrysler.

"EVS22 will allow us to update leaders in the transportation market on our progress in successfully applying advanced bipolar nickel-metal hydride batteries to transportation uses," said Michael Reed, Electro Energy's CEO and President. "Our successes include conversion of a Toyota Prius hybrid electric vehicle to a plug-in hybrid which gets over 100 miles per gallon with near zero emissions."

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 bipolar 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