SOURCE: Ener1, Inc.

April 17, 2007 08:51 ET

Ener1 Appoints Subhash Dhar as President

FORT LAUDERDALE, FL -- (MARKET WIRE) -- April 17, 2007 -- Ener1, Inc. (OTCBB: ENEI) announced today that Subhash Dhar has joined the company as its President. Mr. Dhar previously was the President of Ovonic Battery Company Inc. & Chief Operating Officer of Ovonic Fuel Cell Company Inc., both divisions of Energy Conversion Devices, Inc. Mr. Dhar led the pioneering efforts of Ovonic Battery's commercialization of Ni-MH batteries for electric and hybrid electric vehicles. He was the proponent and an architect of COBASYS, the Joint Venture between Energy Conversion Devices and Chevron Corporation. At Ener1, Inc. Mr. Dhar will be responsible for overall management, strategic direction and operations of the company including its subsidiaries. Mr. Dhar has been a consultant to Ener1 since December 2006.

Ener1's CEO, Dr. Peter Novak, stated, "Subhash's experience, leadership, vision and industry knowledge will add immeasurably to our alternative energy product capabilities and commercialization strategies. Subhash will lead our efforts to accelerate the development of commercial products in our lithium ion battery, fuel cells and advanced materials technology businesses."

Added Charles Gassenheimer, Ener1's Vice Chairman, "We believe that we have the best battery technology for the hybrid and plug-in hybrid electric vehicle markets. Subhash brings a wealth of knowledge and expertise, and we are confident in Subhash's ability to lead Ener1 forward in this effort and complement our executive team at Ener1, EnerDel and EnerFuel."

About Ener1, Inc.

Ener1, Inc. (OTCBB: ENEI) is an alternative energy technology company that is developing 1) lithium ion batteries for hybrid electric vehicles (HEV) at its 80.5% owned EnerDel subsidiary through corporate ventures and strategic partnerships with Delphi, ITOCHU and EnerStruct, 2) commercial fuel cell products through its EnerFuel subsidiary, and 3) nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit http://www.ener1.com or call 954-556-4020.

Contact Information

  • For further details, contact:
    Jerry Herlihy
    Ener1, Inc.
    T: (954) 556-4020
    e-mail: jherlihy@ener1.com

    For media inquiries:
    Victor Webb/Madlene Olson
    Marston Webb International
    T: (212) 684-6601
    e-mail: marwebint@cs.com