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Strategies & Market Trends : Smallcap Research

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From: Rolla Coasta	2/19/2005 3:26:56 PM
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Ener1 Nanotech Unit Prepares to Commercialize Revolutionary Battery Electrodes February 14, 2005 06:02:00 AM ET Will produce high discharge rate lithium-ion battery electrodes for hybrid electric vehicles, other uses FT. LAUDERDALE, Fla., Feb. 14 /PRNewswire-FirstCall/ -- Ener1, Inc. (OTC Bulletin Board: ENEI) announced today that its NanoEner, Inc. subsidiary has established and equipped a pilot nanotechnology-based manufacturing facility to fabricate electrodes for high discharge rate, lithium-ion batteries. The company's battery subsidiary, EnerDel, Inc., in which Delphi Corporation holds a 19.5% interest, is in discussions with automotive OEMs regarding evaluation of samples for use in hybrid electric vehicles where the high discharge rate characteristic is viewed as key to performance and cost. EnerDel also plans to explore applications of this technology in other markets. (Logo: newscom.com )

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