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ENER1's EnerDel Subsidiary Announces Lithium Ion Battery Test Results for Advanced High-Power Batteries for Hybrid Vehicle Applications
FORT LAUDERDALE, FL -- (MARKET WIRE) -- February 21, 2007 -- Ener1, Inc. (OTCBB: ENEI), an alternative energy company, announced that its EnerDel subsidiary had received outstanding results from independent laboratory tests of its lithium ion battery cells for hybrid electric vehicles (HEVs).
The battery cells were tested for power-assist goal performance, including tests for static capacity, hybrid pulse power, self-discharge and thermal performance at various temperatures. EnerDel said the initial tests' results show that its cells met and exceeded phase-one performance goals of the U.S. Advanced Battery Consortium (USABC) program contract. USABC is a part of the United States Council for Automotive Research (USCAR), an umbrella organization for collaborative research among DaimlerChrysler Corporation, Ford Motor Company and General Motors Corporation, which often works with the U.S. Department of Energy (DOE) to strengthen the North American auto industry through cooperative development of advanced technologies.
In particular, the EnerDel cells averaged 50 percent more discharge power (i.e., ability to accelerate in stop-and-go traffic) compared to the end-of-life target, and the cells had a significantly lower self-discharge (i.e., the amount of battery energy loss when the vehicle is not operating) than the USABC target. The cells exhibited consistent discharge results over wide temperature ranges, including very good low temperature performance. In the next stage tests expected in April 2007, the batteries will be tested additionally for high hybrid pulse power characterization, cold cranking, efficiency and lifetime performance.
Ulrik Grape, CEO of EnerDel, said, "We are pleased that these test results from an independent laboratory confirm that our lithium ion battery technology has great promise for the hybrid electric vehicle market. We look forward to the next testing phase and expect to show results that will continue to meet and exceed the battery performance requirements of USABC and the DOE and that will set a very high standard of performance in the United States."
Charles Gassenheimer, Vice Chairman of Ener1, Inc., said that the test results represent another important milestone for Ener1. "We believe these test results are another step towards validation of our lithium ion battery technology for the hybrid electric vehicle market. This is further evidence that we are accelerating our work toward commercialization of a battery that has the potential to significantly improve future hybrid vehicles made in the United States and add value to the American automotive industry."
EnerDel is working under a 12-month, cost-share contract from USABC as part of a proposed three-phase plan to launch a cost competitive lithium ion battery that is lighter, smaller and higher in power than existing battery technologies for hybrid electric vehicles. The company is collaborating with Argonne National Laboratory, one of the DOE's largest research centers, on the advanced materials that give the battery its characteristics. EnerDel's long-term plan includes the mass-manufacture of li-ion batteries in the State of Indiana using automated production technologies.
About Ener1, Inc.
Ener1, Inc. (OTCBB: ENEI) is an alternative energy technology company that is developing 1) lithium ion batteries for hybrid electric vehicles (HEV) at its 80.5% owned EnerDel subsidiary through corporate ventures and strategic partnerships with Delphi, ITOCHU and EnerStruct, 2) commercial fuel cell products through its EnerFuel subsidiary, and 3) nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit http://www.ener1.com or call 954-556-4020.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995 conveying management expectations as to the future based on plans, estimates and projections at the time the statements are made. The forward-looking statements contained in this press release involve risks and uncertainties, including, but not necessarily limited to: EnerDel's ability to succeed as a supplier of batteries to the hybrid electric vehicle and other markets; Ener1's ability to successfully develop and market proposed lithium battery, fuel cell and nanotechnology-based products and services; the degree of competition in the markets for lithium battery, fuel cell and nanotechnology-based products and services; Ener1's history of operating losses; the lack of operating history for the development stage Ener1 businesses; the need for additional capital; the dependency upon key personnel; and other risks detailed in filings made from time to time with the Securities and Exchange Commission. These risks and uncertainties could cause actual results or performance to differ materially from any future results or performance expressed or implied in the forward-looking statements included in this release. Ener1 undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
The parameters for acceptance to NASDAQ are, from our present standpoint, lofty indeed. As I recall, $4.00 per share for a given time, "X" amount of assets and "X" amount of shareholders top the list. The "something big" could easily be the FDA approval of the fat burner. I dunno. But, they must have something on their mind or it wouldn't have been mentioned in the interview.
I agree that, although the delivery of the interview wasn't all that polished, somehow that was a refreshing change of pace from some of the slick productions (costing much more, I would wager) that I've heard in the past.
Nobody mentioned that part of the interview wherein a move to NASDAQ was mentioned. Of course, all BB outfits aspire to that pinnacle, but I think we've got the grapes to actually make it -- IMO, of course.
Looking forward to the balance of our $3500 investment.
OT -- OT -- OT
A man walked into a bar in Ocala, Florida and ordered a drink.
While he was sitting at the bar watching T.V., one of Hillary's political
ads came on. After it went off, he stood up and announced to everyone, "Hillary is a horse's ass!"
The bartender reached under the bar and brought out an oak club about 18
inches long and hit the man square across the head, knocking him off his
Stool and onto the floor.
After a minute or two, the man got up, straightened himself up and said to
the bartender, "I'm sorry. I didn't know this was Hillary country."
"It's not!" replied the bartender. "This is horse country".
Yesterday was a huge holiday and we didn't even know about it...
http://geeksugar.com/141372
lol -- zackly my point. Damn, but it's miserable out there today. Rain, slush, freezing rain and snow -- then a snap freeze tonight. Tomorrow will be cement-city.
Thanks, GB. Methinks you've got a fairly good idea as to what it's like here. lol NOT
And the beat goes on;
Advanced Battery Technologies, Inc.'s Wholly Owned Subsidiary Issued China Patent for Nano Material Lithium Ion Battery
HARBIN, CHINA -- (MARKET WIRE) -- February 14, 2007 -- Advanced Battery Technologies, Inc. (OTCBB: ABAT), a developer and manufacturer of rechargeable Polymer-Lithium-Ion (PLI) batteries, announced today that its wholly owned subsidiary, ZQ Power-Tech, was issued a patent of invention by The Intellectual Property Bureau of the People's Republic of China for the invention of the nano material lithium ion battery and its technology process. The patent's number is 200510087299X. The Company has started application for a corresponding U.S. patent. With the granting of this new patent Advanced Battery Technologies, Inc. now holds a total of 8 patents, 7 of which are China patents and the other one a U.S. patent, all in the area of battery technologies.
The in-house R&D team in joint efforts with experts from Harbin Institute of Technology (HIT) have worked hard on this project before they passed the test to make this technology ready for commercialization. Compared to any other lithium ion battery technologies, the nano material batteries will have a greater power capacity, longer cycle life and significantly shorter re-charge time; therefore it enjoys a great potential for application in powering electric vehicles. The Company believes this patent represents a technology breakthrough in step with the industrial trend. When it is commercialized, it will also have a great potential in market shares.
Highlighted Links
Advanced Battery Technologies
"This new patent," according to Mr. Zhiguo Fu, Chairman & CEO, "will give us an edge in our effort to address the electric vehicle market in addition to our PLI battery technologies."
About Advanced Battery Technologies, Inc.
Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures, and distributes rechargeable Polymer-Lithium-Ion (PLI) batteries. The Company's products include PLI batteries for electric vehicles, mine-use lamps, cell phones, notebook computers, and other personal electronic devices. The Company's batteries combine high-energy chemistry with state of the art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. The PLI battery for use in all-electric vehicles is developed using the Company's proprietary technologies. The Company's R&D and manufacturing facilities are located in China and it maintains an office in New York City.
For more information about Advanced Battery Technologies, Inc. please visit www.zqpt.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, risks that products as manufactured are not accepted in a mass market. We undertake no obligation to revise or update publicly any forward-looking statements.
I had heard that Lee Iaccoca wants back in now that Elbee has "relinquished" the reins
I, as well, like the fact that it's not being hyped and should climb on its own merit. However, without exposure of one sort or another, movement isn't a sure thing. I had a company that is a large manufacturer of diesel engines for yachts -- had a P/E of 8 -- never got past the 4 buck level and never had any volume to speak of. The last I checked, it isn't even found on NASDAQ any more -- WTBK (Westerbeke). They ARE still in business, though.
Perhaps one of the deals will catch the eye of fresh investors.
There is no one here who isn't familiar with the "Firefly" concept in THEIR quest for a lighter, more powerful battery. Their graphite foam has been viewed as a threat for some time. Apparently, PWTC (Joey) has over the years, tested that material and, in their opinion, found it to be unstable for the application for a variety of reasons including the ability of the material to be able to withstand the paste application as well as bumps and jarring normal in a vehicle operation. Also to be considered was would the paste, once applied to the graphite, harden and flake off over time. Once the graphite is exposed, what would the results be to exposure to sulphuric acid? Well, the Oak Ridge National Laboratory -- www.ornl.gov/ -- did some testing of that concept and produced a report that I doubt settled well with Firefly....
The name of the Article was; "Evaluation of the electrochemical stability of graphite foam as current collectors for lead acid batteries." The article was published in The Journal of Power Sources 161 (2006) 1392-1399. After some very dry reading, the final paragraph stated; ".. when used as a positive current collector, intercalation of sulfuric acid into graphite occurs. This intrinsic electrochemical instability in the voltage range where the positive electrode operates renders graphite foam not suitable for use as a positive current collector. for lead acid batteries."
I have a pdf of the article in its entirety and can email it to you if you pm me ur eamil address.
Sounds to me like maybe Caterpillar's dough might have been misplaced? Anyway, that's what Wolf wanted me to pass on to youse guys.
GB -- This link was also attached to that article -- a real good thumbnail as to what's being worked on out there, including PWTC
http://peswiki.com/index.php/Directory:Batteries
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Lithium Technology Corporation Drives Ahead With Battery Applications For Advanced Automotives
2/9/2007
Plymouth Meeting, PA - Advances in lithium-ion battery technology over the past few years, and a shift in the mindset of auto manufacturers, have made hybrid-electric vehicles (HEVs), plug-in hybrid-electric vehicles (PHEVs) and electric vehicles (EVs) a viable alternative to traditional fuel-powered automotives for the near future, according to officials at Lithium Technology Corporation a global provider of lithium-ion rechargeable power solutions. LTC has focused solely on the development and production of large format lithium-ion batteries for more than twenty years and offers solutions today to drive the future.
“There has been a change of mindset within the car industry over the past two years triggered by the success the Japanese have had with the HEV,” comments Dr. Klaus Brandt, executive vice president of LTC and managing director of LTC subsidiary GAIA Akkumulatorenwerke (GAIA). “Large lithium-ion solutions have proven to be a technical reality for passenger cars and have achieved respectable performance.”
LTC has powered a project in conjunction with Innosys Engineering in which a four passenger Daihatsu Cuore was converted into an electric car using the lithium-ion batteries and a three-phase asynchronous electric motor. The battery, built with cells manufactured by LTC subsidiary GAIA, has a capacity of 25 kWh and an approximate highway range of 180-200km (100-125 miles) at 90-100km/hr (56-60 mph). These results are similar to the expected performance of the recently announced Volt slated to be made available by General Motors in 2010.
“The technology is here today. LTC has it, and we’ve demonstrated it,” says Dr. Brandt. “Price is the biggest factor holding back the production of these more environmentally friendly, fuel efficient vehicles. By committing to work together, the auto manufactures and battery companies can bring the cost down and make cars like the Volt an affordable reality for the consumer.”
LTC’s technology was recently highlighted in a video produced by Plug-In Partners, a national grass-roots initiative to demonstrate to automakers that a market for flexible-fuel PHEVs exists today. The full video discussing the economic and environmental benefits of PHEVs can be viewed on the Plug-In The piece featured a project in which LTC provided cells to the University of California, Davis Hybrid Electric Vehicle Group for the conversion of a Chevy Equinox to a PHEV as part of the Challenge X: Crossover to Sustainable Mobility engineering competition.
The lithium-ion battery has the same capacity as the original metal hydride battery but with half the weight. The battery can be charged by either the internal combustion engine (ICE) or a standard AC household electrical socket and can drive over 40 miles on the overnight electrical charge. The converted vehicle has a fuel economy of 36 mpg in the city, and 38 mpg on the highway, as compared to the original Chevy Equinox range of 19 mpg city and 25 mpg highway.
LTC is committed to providing sound energy solutions to the automotive market. The company has developed a comprehensive range of battery technologies and systems to satisfy all automotive on-board power/energy storage needs, from high energy requirements for Electric Vehicles (EVs) to high power systems for Hybrid Electric Vehicles (HEVs). The company combines its innovative end-to-end manufacturing processes with proprietary design, packaging and assembly techniques to supply customized battery systems specifically designed to each unique requirement.
SOURCE: Lithium Technology Corporation
Haven't a clue. What's becoming more and more apparent, however, is that there's a load of new battery technology out there and they seem to be coming to the public eye on an almost daily basis. Is there time? That's the question. I know I'm beating a dead horse, but.....Thanks, Elbee. You putz!
Oughta get all these Frost & Sullivan award winners together as one company -- might actually have something.
IMO, Da Bears might have stood a much better chance with a different QB. Grossman was simply awful!
I'm looking for the "holy hell, look at all the dough I made on THIS one" grub. lol
Nice grub, dk -- #1000
So, the question is -- "Do I get in on what appears to be the '07 PWTC 'Spring Frolic' and make a couple of pesos?" The greedy capitalist pig in me wishes to thank anybody, including Mike King, who can pump this baby up a bit.
Lemme hear an "amen".
LOL -- Hadn't thought of that!
Any educated spins on this one? Does this mean they've given up or does it mean that there's something on the horizon that would make the selling of additional shares unnecessary?
Or should that be "Genuinely paradoxical sometimes"? lol
And with a lot more shares floating around. A genuine paradox sometimes.
Why on earth MM's would putz around with this stock is totally beyond me.
I wonder if the discussion on the capacitor battery had any affect on the overall opinion of our chances. Personally, with the backing they have and the huge promise that the product could deliver, I've got to wonder..............
I wonder if you could get a custom model that would build up a reaaaal nice charge and then snap the sob doing 45 in the fast lane ahead of you. lol
Wouldn't it be nice to see that kind of interest and investment by heavy-hitters in pwtc? I wonder what partners could have been drawn in back at the beginning had it not been for a particular huckster. For that matter, I wonder how many potentially great innovations never hit the street as a result of hucksters like Balak.
I also agree, but have significant way to go before I'm out of the red. Once a year "Spring Frolic" pumps don't do it for me. lol
OT -- Well, good luck to them. I'm not too happy with the prospect of more Peyton Manning commercials over the next two or three years, but if he pulls out a Super Bowl win, look out. lol. I really did want the Patriots to get there and square things for that drubbing they took some 20 years ago. (That is, of course, if my Steelers were out and BOY, were they out!)
OT -- You figure the Bears can handle Peyton? Personally, I don't think there's a team in the NFC that can win this year. But, of course, I thought the Patriots were a shoe-in too. lol. My kids are hurting this AM after their boys losing that game. It WAS one helluva game, tho.
Oh, I get it, little fella. You have an unabated hatred for several people here and use the only "power" you have or ever will have to irritate -- I understand perfectly. Ain't nobody anywhere has a bad word for Caradoc--even e-Y likes the man. You knew perfectly well it was meant in jest.
You look forward to any and every excuse you can find to rain what misery you can and this time all it took was a single word. ONE WORD. Pitiful.
I guess the uneasy truce that was forged as a result of Wolf's visit was too much for you.
Okay, you have the last word on the subject -- I'm sure it'll be a corker, lol. -- GO.
If what I read is accurate, a non cursory, one word post clearly meant in jest should hardly be considered deletion bait.
lol -- I remember when someone got up 50k as good will dough for that other company, if you recall.
Know what? I managed to get out at the absolute peak -- made a couple of pesos. Am awaiting another entry point which I know will take place.
Just when hope is within ur grasp, the usual. Volume dries up and the price tanks again. So much for a positive PR, I would guess.
Okay site -- but please change the spelling of "there" stock. Should be "their". Incorrect spelling does nothing for credibility.
I think the only POSSIBLE reason for this action has to be Wolf's visit and my sparkling report as to its outcome. L_O_L