Electro Energy Inc. (Nasdaq: EEEI), a leading provider of advanced battery technologies and associated systems, joins other leading technology companies as co-sponsor of a two-day conference on the role of military research and development in combating the current energy crisis.
The conference is being held February 21-22, 2006 at the Double Tree Hotel Crystal City, in Arlington, Va. The conference will feature briefings and case studies from leading military and civilian personnel.
In addition, EEEI's President and Chief Operating Officer, Michael E. Reed, will chair the conference and also present highlights of EEEI's energy solutions in "Advanced Power Alternatives for Tactical and Auxiliary DoD Applications" at 4:15 PM on Tuesday, February 21.
Conference seminars will cover subjects ranging from Hybrid Propulsion Systems to Small Scale Radioisotope Power Generation to Power Generation Technologies for Next Generation Space Platforms, among others. Conference information is available at http://www.marcusevans.com/events/CFEventinfo.asp?EventID=10030 .
Other sponsors of the conference are California Motors, Valence Technology, Inc., ECD Ovonics, Defense Daily, and Aerospace & Defense Network.
Michael E. Reed said, "Electro Energy is very proud to be a sponsor of this important conference that brings together leaders in a wide range of technology research that has been supported by various government agencies. Our company has developed its innovative high-powered, rechargeable bipolar nickel-metal hydride and lithium ion batteries with substantial funding from the Department of Defense and other government agencies. We believe our technology and the technologies of other participating companies contribute both to a strong military defense system and to numerous benefits to American business and civilian well being. This conference will provide substantial new information about developments in various military fields."
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 design. EEEI is negotiating to acquire significant manufacturing assets near Gainesville, Fla., in early 2006 to accelerate commercialization of its battery technology. For additional information, please visit http://www.electroenergyinc.com
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.
Pursuant to a December 1, 2004 agreement, Consulting For Strategic Growth I, Ltd. ("CFSG") provides Electro Energy with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG receives a fixed monthly fee for the duration of the agreement. Independent of CFSG's receipt of cash compensation from Electro Energy, CFSG may choose to purchase the common stock of Electro Energy and thereafter sell those shares at any time it deems appropriate to do so.
Stanley Wunderlich
Consulting For Strategic Growth
Tel: (800) 625-2236
Fax: (212) 337-8089
Email: info@cfsg1.com