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Electro Energy's Bipolar NiMH Battery Development PDF Print E-mail
Congress Appropriates $1 Million for Electro Energy's Bipolar NiMH Battery Development

Source: Electro Energy
[Oct 20, 2006]


SYNOPSIS: The continued DOD funding will allow Electro Energy to continue development of its patented bipolar wafer-cell technology for stationary energy storage applications and, additionally, will contribute to laying the groundwork for demonstrating that the technology will also be the technical and economic choice for plug-in hybrid vehicles. DANBURY, CT  -- October 19, 2006 -- Electro Energy, Inc., a developer and manufacturer of advanced rechargeable batteries, announced today that the Company will receive $1 million from the 2007 budget of the U.S. Department of Defense (DOD) for continued development of its bipolar wafer-cell Nickel Metal Hydride (NiMH) battery for advanced military aircraft applications.

The funding was included in the Fiscal Year 2007 Aerospace Propulsion and Power Technology bill, which was passed by the U.S. Congress and signed by President Bush.

Michael Reed, Electro Energy's CEO and President, said, "I am extraordinarily grateful to Rep. Nancy Johnson and the entire Connecticut congressional delegation for their recognition of the role that our NiMH battery can play in key military applications. The continued DOD funding will allow Electro Energy to continue development of its patented bipolar wafer-cell technology for stationary energy storage applications and, additionally, will contribute to laying the groundwork for demonstrating that the technology will also be the technical and economic choice for plug-in hybrid vehicles."

About Electro Energy, Inc.

Electro Energy Inc., headquartered in Danbury, Connecticut, was founded in 1992 to develop, manufacture and commercialize high-powered, rechargeable bipolar nickel-metal hydride batteries for use in a wide range of applications. Its Colorado Springs operation supplies aerospace-grade high quality nickel cadmium batteries and components for satellites, aircraft and other specialty applications. EEEI is also developing high power lithium rechargeable batteries utilizing the Company's proprietary bi-polar design. EEEI has recently acquired significant manufacturing assets near Gainesville, Fla., to accelerate commercialization of its battery technology. For further information, please visit www.electroenergyinc.com.
 
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