Ener1 Inc Subsidiary EnerFuel Relocates Headquarters to Larger, Established Fuel Cell Facility

    FT. LAUDERDALE, Fla., Feb. 16 /PRNewswire-FirstCall/ -- Ener1 Inc
 (OTC: ENEI) announced today that its EnerFuel subsidiary has relocated its
 headquarters to a larger and more equipped fuel cell facility the Company
 recently leased in West Palm Beach, Florida.  The 7,600 square-foot facility,
 formerly occupied by a leading fuel cell company, includes a laboratory for
 developing experimental materials and fuel cell testing stations, two key
 components necessary to help EnerFuel develop fuel cells that it believes will
 be more cost effective, smaller and less complex than other products in the
 current fuel cell market.
     "EnerFuel is focused on bringing to market fuel cell technologies for the
 portable power and uninterruptible power supply (UPS) markets and the new
 facility will be instrumental in allowing that to happen much quicker than
 previously had been hoped," said Rex Hodge, the recently named President of
 EnerFuel and Executive Vice President of Ener1, Inc.  "The new laboratory also
 allows EnerFuel to begin introducing unique fuel cell testing services for
 fuel cell-related companies and other customers in 2006," he added.
     "This facility was an excellent find for us and eliminates the need for an
 extensive exercise in building a similar facility, which could easily have
 taken months to replicate if we had started from scratch," said Hodge.  "This
 allows us to move forward on our near term goals and should help us to begin
 bringing in revenue that will help us accelerate our more dynamic plans for
 the future.  Our entire team is very excited about settling in here and
 getting to work."
     Most of EnerFuel's team of 16 engineers and technicians who have extensive
 experience in fuel cell stack development will be located in the new
 headquarters.  The telephone number for the new facility is 561-868-6720.
 EnerFuel will continue to retain a laboratory and business presence in its
 facility located in Fort Lauderdale.
 
     About Ener1, Inc
     Ener1, Inc (OTC: ENEI) is an alternative energy technology company.  The
 Company's interests include: an 80.5% stake in EnerDel (www.enerdel.com), a
 lithium battery company in which Delphi Corp. owns 19.5%; Enerstruct, a
 lithium battery technology company based in Japan in which Ener1's strategic
 investor ITOCHU is the majority shareholder; and wholly owned subsidiary
 EnerFuel, a fuel cell products and services company (www.enerfuel.com). The
 Company also has significant R&D investments in nanotechnology-based materials
 and manufacturing processes for batteries and other applications. For more
 information, visit www.ener1.com or call
 954-556-4020.
 
     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: Ener1's ability to succeed as a
 supplier of batteries to the hybrid electric vehicle and other markets;
 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; EnerFuel's ability to develop and sell products and
 services in its planned markets; 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 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:  Joe Allen (investors)           Alys Daly
               Allen & Caron Inc               Ener1, Inc
               212 691 8087                    954 202 4442 or 305 815 0312
               joe@allencaron.com              adaly@ener1.com
 
 

SOURCE Ener1, Inc

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