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Jan 08, 2007 at 08:40 AM
Ener1, Inc.

Ener1 (OTCBB: ENEI) is an alternative energy technologies holding company. The company's interests include 80.5% of EnerDel (www.enerdel.com), a lithium battery company in which Delphi Corp. also owns 19.5%, 49% of Enerstruct, a Japanese lithium battery technology company in which Ener1's strategic investor ITOCHU owns 51 %, wholly owned subsidiary EnerFuel, a fuel cell testing and component 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 www.ener1.com.

Delphi Corporation


Delphi is a world leader in mobile electronics and transportation components and systems technology. Multi-national Delphi conducts its business operations through various subsidiaries and has headquarters in Troy, Mich., USA, Paris, Tokyo and São Paulo, Brazil. Delphi's two business sectors - Dynamics, Propulsion, Thermal & Interior Sector and Electrical, Electronic & Safety Sector - provide comprehensive product solutions to complex customer needs. Delphi has approximately 186,500 employees and operates 171 wholly owned manufacturing sites, 42 joint ventures, 53 customer centers and sales offices and 34 technical centers in 41 countries.

Itochu Corporation

ITOCHU is one of the largest corporations in the world and one of Ener1's major shareholders. It has annual revenue of more than $90 billion and 160 offices in more than 80 countries. It has been in business for 145 years, including 85 years in the United States. ITOCHU has interests in almost every aspect of commerce and industry, including energy.
ENERSTRUCT, Inc.

ENERSTRUCT, Inc. is a joint venture company owned 51% by ITOCHU Corporation and 49% by Ener1, Inc. Based in Japan, this company is involved in the research and development of high rate lithium battery technologies for hybrid electric vehicles and other select applications.