Ener1 Battery Subsidiary Expands New Management Team EnerDel CEO Ulrik Grape Announces CFO, CTO, VP Operations and General Counsel

for Ener1 Lithium-ion Battery Subsidiary



    FORT LAUDERDALE, Fla., Oct. 18 /PRNewswire-FirstCall/ -- Ener1, Inc.
 (OTC Bulletin Board:   ENEI) lithium battery subsidiary, EnerDel, Inc.,
 announced today the appointment of four key executives to the company's senior
 management team.  These appointments round out the company's executive team in
 support of its strategy of becoming a leading supplier of lithium-ion
 batteries to manufacturers of hybrid electric vehicles (HEVs).
     David Burns was named EnerDel's Chief Financial Officer.  He has more than
 20 years of finance, investment banking, and accounting experience.  Prior to
 joining EnerDel, he was Vice President and Chief Financial Officer for i2
 Telecon International, Inc., a publicly traded company.  He was also
 Co-founder and Chief Financial Officer of Tego Communications/Trek Indoor
 Wireless.  Mr. Burns' previous experience includes investment banking with
 Goldman Sachs & Co. and public accounting with Ernst & Young.  He is a
 certified public accountant with a BA in Accounting from the University of
 Tennessee, Knoxville, and an MBA from Vanderbilt University.  Ulrik Grape,
 EnerDel's CEO, commented, "David is an experienced executive with the critical
 financial skills and discipline we need to successfully grow our business.  He
 is a vital addition to our management team."
     Zenzo Hashimoto was named EnerDel's Chief Technology Officer.  He has over
 20 years of high-level technology development, operations, and manufacturing
 experience with leading Japanese manufacturing companies, where he developed
 lithium-ion battery and production process technologies.  His experience
 includes lithium-ion production line start-up, process design, quality
 control, automation engineering, and production equipment design for Sony
 Energytech, Inc., Sony Corporation's battery division.  From 2003 to 2005,
 Mr. Hashimoto was Chief Research Officer of Enerstruct, Inc., EnerDel's major
 technology partner, where he focused on development of high-rate lithium-ion
 battery technologies that are being implemented at EnerDel.  Previously,
 Mr. Hashimoto was Technical Advisor in a subsidiary of ITOCHU Corporation, a
 significant investor in Ener1, Inc. and Ener1's partner in Enerstruct.  There,
 he focused on design and manufacture of lithium-ion battery production lines.
 Mr. Grape added, "Zenzo will establish and maintain EnerDel's technology
 advantages in lithium-ion battery cell design and automated mass production
 systems.  His outstanding industry experience and strong ties to our partners
 ITOCHU and Enerstruct, where he led the battery engineering team, will be
 invaluable to us."
     Naoki Ota was named EnerDel's Vice President, Operations.  He has more
 than 15 years of management, technical, operations and marketing experience in
 lithium-ion battery production and related industries.  Most recently, Mr. Ota
 was Senior Manager of Technology Marketing for Hitachi Chemical Research
 Center, Inc. Previously, for 15 years, he was with Quallion, LLC, a
 manufacturer of batteries for medical implants and aerospace applications.  At
 Quallion, Mr. Ota held management positions in Advanced Material Resources,
 Application Engineering and Marketing and Strategic Planning.  He also has
 approximately five years experience as a consultant for sourcing advanced
 materials for lithium batteries and other electrochemical devices.  Regarding
 Mr. Ota's appointment, Mr. Grape commented, "We are extremely fortunate to
 have Naoki on our senior management team.  He will be key in setting up,
 managing and fine tuning our manufacturing operations to ensure our
 technology-leading, cost-efficient processes."
     Ronald N. Stewart was named EnerDel's Executive Vice President, General
 Counsel, and Secretary of EnerDel.  Mr. Stewart has been with the Ener1
 companies since 2002, serving most recently as Executive Vice President and
 General Counsel for Ener1, Inc.  Prior to joining Ener1, Mr. Stewart was
 engaged in private law practice where he counseled clients primarily in
 mergers and acquisitions, corporate and securities matters, government and
 commercial contracts, and technology and software licensing.  He previously
 worked in the Office of General Counsel at ICF Kaiser International, Inc., an
 NYSE-listed international consulting, engineering and construction firm, where
 he was Vice President and Assistant General Counsel.  Mr. Grape commented,
 "Ron's experience with and broad knowledge of our operations, history and
 relationships with our parent company Ener1, Inc. will be a key asset as
 EnerDel evolves in the marketplace.  Further, his legal and intellectual
 expertise will serve us well as we position the company and its technologies."
     In summarizing the newly named EnerDel management team, CEO Grape
 concluded, "The battery industry expertise we have assembled within our senior
 leadership team is ideally suited for executing our business plan.  In all
 major business areas -- research, technology application, manufacturing,
 marketing, financial and legal -- we are well positioned to serve the
 accelerating demand for HEVs and other lithium-ion battery applications, both
 in the U.S. and globally."
 
     About Ener1, Inc.
     Ener1, Inc. (OTC Bulletin Board:   ENEI) is an alternative energy technology
 company.  The company's interests include: 80.5% of EnerDel (www.enerdel.com),
 a lithium battery company in which Delphi Corp. owns 19.5%; 49% of Enerstruct,
 a Japanese lithium battery technology company in which Ener1's strategic
 investor ITOCHU owns 51 %; wholly owned subsidiary EnerFuel, a fuel cell
 testing and component company (www.enerfuel.com); and wholly owned subsidiary
 NanoEner, which develops nanotechnology-based materials and manufacturing
 processes for batteries and other applications (www.nanoener.com).  For more
 information, visit http://www.ener1.com.
 
     Safe Harbor Statement
     This release contains forward-looking statements within the meaning of the
 Federal Private Securities Litigation Reform Act of 1995 conveying
 management's expectations as to the future based on plans, estimates and
 projections at the time the statements are made.  The forward-looking
 statements contained in this press release involve risks and uncertainties,
 including, but not necessarily limited to, EnerDel's ability to succeed as a
 supplier of batteries to the hybrid electric vehicle and other markets; the
 ability of Ener1 to complete the proposed spin-off of its equity interests in
 EnerDel, Inc., NanoEner, Inc. and EnerFuel, Inc., including securing financing
 to adequately capitalize each company and obtaining required regulatory and
 third-party approvals; successfully develop and market proposed lithium
 battery, fuel cell and nanotechnology-based products and services; Ener1's
 plans to reduce costs and gain a competitive advantage by consolidating
 manufacturing operations and implementing automated production processes;
 charges Ener1 will incur in connection with consolidating manufacturing
 operations; the degree of competition in the markets for lithium battery, fuel
 cell and nanotechnology-based products and services, Ener1's history of
 operating losses, the lack of operating history for the development stage
 Ener1 businesses, the need for additional capital, the dependency upon key
 personnel and other risks detailed in Ener1's annual report on Form 10-KSB for
 the year ended December 31, 2004, as well as in its other filings from time to
 time with the Securities and Exchange Commission.  These risks and
 uncertainties could cause actual results or performance to differ materially
 from any future results or performance expressed or implied in the
 forward-looking statements included in this release.  Ener1 undertakes no
 obligation to publicly update or revise any forward-looking statements,
 whether as a result of new information, future events, or otherwise.
 
      Contact:  Michael Mason (investors)         Alys Daly
                Allen & Caron Inc                 Ener1, Inc.
                212 691 8087                      954 556 4020
                michaelm@allencaron.com           adaly@ener1.com
 
 

SOURCE Ener1, Inc.

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