Rex Hodge Joins Ener1, Inc as Executive VP/President of EnerFuel Veteran Executive Will Spearhead Commercialization of Fuel Cell Products



    FT. LAUDERDALE, Fla., Jan. 30 /PRNewswire-FirstCall/ -- Ener1, Inc
 (OTC: ENEI) announced today that Rex Hodge, with 12 years of experience in the
 creation of efficient and low-cost fuel cells, will lead its EnerFuel
 operation, effective immediately.  The Company has proprietary technologies
 relevant to fuel cells, and Mr. Hodge will direct the commercializing of those
 technologies and the bringing of EnerFuel's products to market.
     "Rex Hodge is recognized throughout the fuel cell industry as a leader,"
 commented Chairman Charles Gassenheimer.  "His work at Anuvu resulted in major
 leaps forward in fuel cell technology, and his groundbreaking work at the
 Aerojet Propulsion Division of GenCorp created many of the practical bases of
 fuel cell technology throughout the industry.  We are very fortunate and
 pleased to have Rex leading EnerFuel."
     Mr. Hodge founded Anuvu Inc. in Sacramento, California, in 1993, and
 served as the Company's President and Chief Executive Officer.  During his
 11-year tenure at Anuvu, Mr. Hodge raised funds to operate the privately held
 company and developed fuel cell products for cars, trucks, scooters and boats.
 Anuvu also created technologies for creating electricity from solar light, and
 biomass building technologies using biomass materials to replace wood, metal,
 plastics and fiberglass.  Anuvu also developed chip cooling systems for
 microprocessors, and ducting systems for desalinization plants, along with
 numerous other technologies.
     Prior to Anuvu, Mr. Hodge was with The Aerojet Propulsion Divison of
 GenCorp, also in Sacramento, where he was a Project Engineer.  During his time
 at Aerojet (August 1988 to September 1994), he developed fuel cells using
 rocket technology, and introduced miniaturization to drop the size of fuel
 cells by a factor of three.  He also originated many rocket-oriented
 technologies, and was recognized in 1992 with Aerojet's Technical Achievement
 Award.
     Mr. Hodge is the author of numerous articles for professional journals
 published over the last seven years on fuel cells, and has been a speaker at
 various conferences.
     He is a graduate of the University of California at Davis, with a BS
 degree in mechanical engineering.
 
     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

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