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Electro Energy Inc. To Provide Hybrid Auxiliary Power Technology to Trucking Industry

Posted on: Tuesday, 24 July 2007, 12:16 CDT

Electro Energy Inc. (NASDAQ: EEEI), a leading provider of advanced battery technologies and associated systems today announced an agreement to license hybrid auxiliary power unit (Hybrid APU) technology from Enertek Corporation. This unique patent-pending technology is comprised of self-contained, stand-alone diesel-powered, electrical power generation units (the Gen-a-Sys Q) that utilize a proprietary battery-based hybrid operating system designed to supply standby power to the commercial trucking industry. The Gen-a-Sys Q is used to operate appliances such as engine prewarmers, air conditioners, heaters, refrigerators, microwave ovens and televisions in diesel Class 8 trucks during federally mandated daily rest periods and to comply with state anti-idling regulations. This Hybrid APU technology is also capable of providing power for refrigeration trailers of all types and sizes (the eGen-a-Sys). Electro Energy is expected to be the sole supplier of the battery systems using its advanced nickel metal hydride and lithium ion battery technologies and battery management systems and market the Gen-a-Sys Q and eGen-a-Sys Hybrid APUs initially to the North American market.

Michael Reed, Electro Energy's President and CEO, said, "Many states now have commercial truck anti-idling regulations and beginning January 1, 2008 any Class 8 truck entering the State of California will be required to have an anti-idling device installed. The Gen-a-Sys Q and eGen-a-Sys systems power the truck hotel loads resulting in reduced exhaust emissions, noise and fuel expense compared to idling the truck engine. Electro Energy's advanced battery technology will reduce the weight of these systems and enable greater freight loading and revenue potential for truck operators."

Paul Baumann, Enertek's Senior Vice President of Sales and Marketing, stated, "We recognized immediately that there are significant potential synergies between the two companies that will not only improve the value proposition of these hybrid auxiliary power units but also dramatically increase their overall energy and weight efficiency. Enertek's proprietary auxiliary power unit design coupled with Electro Energy's proprietary advanced battery technology will put Electro Energy in a strong position to serve the estimated $40 billion North American market for these units."

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 http://www.electroenergyinc.com/.

About Enertek Corporation

Enertek Corporation is a privately held Oregon corporation founded in 2006 to commercially exploit its unique, patent-pending auxiliary power unit generation technology.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Electro Energy Inc.'s Securities and Exchange Commission filings available at http://www.sec.gov.

 Contact:  Michael E Reed 203-797-2699  Timothy E. Coyne 203-797-2699  

SOURCE: Electro Energy Inc.

Source: MARKET WIRE

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