Lithium-Ion Battery Maker Names New...(the federal stimulus program and is awai...)

Date:9/10/2009

the federal stimulus program, and is awaiting approval of additional long-term, low-interest loan funds under the agency's Advanced Technology Vehicle Manufacturing program. The company has announced active supply relationships with Think Global, Fisker and Volvo, and a research partnership with Nissan.

Ulrik Grape, who as CEO successfully led EnerDel through a ground-breaking expansion including massive capital investment, winning its first customer contracts, and installation of a state-of-the-art mass production line, has now been appointed President of Ener1 Europe. The division is being created to meet growing demand for electric drive and battery technology among the continent's top automakers as well as other business opportunities involving energy storage applications. There, Grape is expected to draw heavily on his experience launching several new start-ups in his career.

"European automakers are really setting the pace in terms of electric and plug-in hybrid vehicle development and the build-out of utility grid infrastructure needed to maximize their operating advantages," Grape said. "We are always going to be an American company. But many of our core customer relationships are in Europe, and it now becomes crucial to establish ourselves with a commanding presence in a market where we expect to aggressively build out our business. We're also looking ahead to a time when business growth makes it sensible to extend custom-tailored pack assembly capacity closer to where customers need it."

EnerDel also announced today that Robert (Bob) Lawson, who oversaw Delco Remy's expansive customer relationships with global OEMs and has managed automotive manufacturing operations around the world, will become Vice President of Business Development for North America for EnerDel, focused on the vehicle applications side of the business.

Lawson was a founding member of the executive team that
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SOURCE Ener1, Inc. Copyright©2009 PR Newswire. All rights reserved

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