SOURCE: Electro Energy Inc.

March 01, 2007 12:01 ET

NBC Television's New York Affiliate Features Electro Energy's Battery Technology

DANBURY, CT -- (MARKET WIRE) -- March 1, 2007 -- Electro Energy Inc. (NASDAQ: EEEI) announced today that its plug in hybrid electric vehicle battery technology was featured on NBC Television's NBC4 New York nightly newscast. Anchor Chuck Scarborough interviewed Electro Energy's President and Chief Executive Officer, Michael E. Reed, and highlighted the technology which the Company is commercializing in a story titled, "New Cars for the Future." The story focuses on innovative battery technologies that could be used in electric vehicles and that would help improve the country's national security by easing our dependence on foreign oil while simultaneously improving the environment by reducing the emission of green house gases.

The story is available at the following link: http://video.wnbc.com/player/?id=65601

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 bi-polar 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 Inc.
    (212) 732-4300