FT. LAUDERDALE, Fla., Sept. 16 /PRNewswire-FirstCall/ -- Ener1, Inc.
(OTC Bulletin Board: ENEI) announced today that Kevin P. Fitzgerald, Chairman
and Chief Executive Officer of Ener1, Inc. (OTC Bulletin Board: ENEI) was
interviewed by a senior analyst at the Wall Street Reporter. The live taping
of the interview can be found on the Internet at
About Ener1, Inc.
Ener1, Inc. (OTC Bulletin Board: ENEI) is an 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 (ENER1, Inc.)
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, 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
SOURCE Ener1, Inc.