NEW YORK, Nov. 21, 2007 (PRIME NEWSWIRE) -- Wall Street Reporter recently conducted an exclusive interview with Michael E. Reed, CEO of Electro Energy Inc. (Nasdaq:EEEI), a premiere advanced rechargeable battery company with plans to expand through commercialization of new markets, such as consumer electronics and automobiles. The interview is available at www.wallstreetreporter.com.
"The renewable, rechargeable energy storage market is growing very rapidly. It's the enabling technology for our mobile society," explains Mr. Reed. To meet this demand, Electro Energy Inc. (NASDAQ:EEEI) is producing a competitive, industry-standard lithium ion cell at its recently acquired Gainesville, FL facility.
Interview Highlights Include:
-- Electro Energy Inc.'s (NASDAQ:EEEI) U.S. Military and Department
of Energy funding, including a recent Department of Defense
appropriation authorization for $2 Million.
-- The company's recent demonstration of a plug-in hybrid car model,
adapted from a Toyota Prius.
-- Management's plans to commercialize their patented and proprietary
battery technologies in military, transportation, utility, and
consumer electronics markets.
The interview is available at www.wallstreetreporter.com. Visitors can also download the interviews to their iPods or subscribe to the podcast on Apple iTunes.
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About Electro Energy Inc.
Electro Energy Inc. (Nasdaq:EEEI) is an advanced rechargeable battery technology company. Having developed patented and proprietary technology, the company plans to expand into several new markets in the very near future.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.