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FORT LAUDERDALE, FL - April 24, 2006 - Ener1 Inc (OTCBB: ENEI), an alternative energy company, announced that it is scheduled to present at the RedChip Small Cap Investor Conference on Friday, April 28th at the Hard Rock Hotel and Casino in Hollywood, Florida. Ulrik Grape, president of Ener1's lithium-ion battery company, EnerDel, and Rex Hodge, president of its fuel cell company, EnerFuel, will discuss their strategies to commercialize Ener1's technologies for emerging battery and fuel cell markets. Ener1's senior executive management team of Chairman Charles Gassenheimer, Interim CEO Ronald Stewart and CFO Jerry Herlihy will also provide information on the Company's progress and plans.
For those unable to attend the conference, a simultaneous webcast of the presentation will be available by logging onto www.redchip.com/visibility. A replay will also be available for three months using the same URL.
About Ener1, Inc.
Ener1 Inc (OTC Bulletin Board: ENEI) is an alternative energy technology company. Its interests include: lithium-ion battery companies EnerDel (www.enerdel.com), in which Delphi Corp. owns minority interest, and Japan-based Enerstruct, a joint venture with Ener1 strategic investor ITOCHU; wholly owned subsidiary EnerFuel, a fuel cell products and services company (www.enerfuel.com), and wholly owned subsidiary NanoEner, which develops nanotechnology-based materials and manufacturing processes for batteries and other applications (www.nanoener.com). For more information, visit http://www.ener1.com.
Safe Harbor Statement (ENER1, Inc.)
This release contains forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995 conveying management's 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; Ener1's plans to reduce costs and gain a competitive advantage by consolidating manufacturing operations and implementing automated production processes; charges Ener1 will incur in connection with consolidating manufacturing operations; 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 its filings 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.
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