Charles Gassenheimer, Vice Chairman of Ener1, stated, "This slide show provides a glimpse of our technological advantages. We have consistently taken the position that the safety of our battery chemistry is first and foremost in our design. In tests, our high-power HEV battery runs very cool, and does not require a liquid cooling system thereby reducing systems costs. Our HEV battery can discharge to a very low state of charge, which has important considerations for shipping and installation. Our HEV battery has excellent low temperature performance, which is critical for automotive applications. We are also encouraged that initial tests on our high energy density EV and PHEV batteries exhibit good cycle life and rate capability."

About Ener1, Inc.
Ener1, Inc. (OTC BB:ENEI.OB - News) 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

About EnerDel, Inc.
EnerDel is owned by Ener1, Inc. (80.5%) and Delphi Corporation (19.5%). EnerDel has a pilot production facility in Indianapolis, Indiana. EnerDel currently employs approximately 60 highly experienced engineers and technicians involved in the battery development of both cells and systems. For more information, please visit: www.enerdel.com

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.

For further details contact:
Jerry Herlihy
Ener1, Inc.
(954) 556-4020
Email:

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Victor Webb/Madlene Olson
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