Gerard Herlihy Appointed Chief Financial Officer of Ener1, Inc

    FT. LAUDERDALE, Fla., Jan. 30 /PRNewswire-FirstCall/ -- Ener1, Inc
 (OTC: ENEI) announced today that veteran financial and operating executive
 Gerard (Jerry) Herlihy has been appointed Chief Financial Officer of Ener1
 Inc, effective immediately.
     "Jerry Herlihy has been working with Ener1 Group, the majority holder of
 Ener1, Inc, since mid-2004, and has done an excellent job of taking Splinex
 Technology from pure research to commercialization.  At Splinex he has served
 as President and COO, as well as CFO, and he will work well with top
 management at Ener1 due to his financial acumen combined with his operating
 experience.  Moreover, he has truck and automotive manufacturing experience
 which will greatly benefit our EnerDel group.  We are very pleased that Jerry
 has joined us," said Charles Gassenheimer, Chairman of Ener1.
     Mr. Herlihy joins Ener1 from Splinex Technology Inc
 (OTC Bulletin Board:   SPLX), also a majority owned subsidiary of Ener1 Group,
 the parent of Ener1, Inc.  Mr. Herlihy brought Splinex public, and handled all
 administrative, operating and financial aspects of the company including SEC
 reporting and Sarbanes Oxley compliance.
     Mr. Herlihy's experience includes directing a number of turnarounds,
 including Chief Financial and Administrative Officer of Williams Controls Inc,
 and president and COO of CliniCorp, Inc.  Prior to directing turnarounds,
 Mr. Herlihy was an investment banker at Thomson McKinnon Securities, and began
 his career as a CPA with Peat Marwick Mitchell & Co in New York City.  Mr.
 Herlihy received his MBA from the Harvard Business School.
 
     About Ener1, Inc
     Ener1, Inc (OTC: 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;
 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:   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

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.