Ener1 Enters Phase 2 of DoD Contract

Energy Resource, Nov 20, 2008

ENERGY RESOURCE-20 November 2008-Ener1 Enters Phase 2 of DoD Contract(C)2008 JeraOne - http://www.jeraone.com

Ener1 Inc., a maker of advanced lithium-ion battery systems for hybrid, plug-in hybrid and electric vehicles, today announced the transition to phase two of its research and development contract with the U.S. Department of Defense (DoD).

The contract is designed to develop high energy, high performance batteries for unmanned aerial vehicles (UAVs).

Under the new agreement, Ener1's lithium-ion battery subsidiary EnerDel has been awarded $1.46 million to develop a complimentary anode for the UAV battery pack to increase the cruising time of the vehicle.

The phase two award comes in addition to a $4 million contract in September, 2008, to produce lightweight, high-performance battery solutions for real-time tracking of military assets in harsh climates and phase one of the UAV program.

"The DoD is one of the most demanding customers there is. Our collaboration is pushing the capabilities of EnerDel's battery cell technology," said EnerDel CEO Ulrik Grape. "We believe the market opportunities for developing advanced battery technologies for the military are substantial and will create research and development synergies with our core business of supplying complete systems solutions for the automotive industry."

With the successful completion of phase two, EnerDel expects to increase the theoretical cruising time for the UAV from fifty three to eighty one minutes. The timeline for the project completion is eighteen months.

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