Press Release

EnerDel Selected to Supply Batteries for Japanese Electric Bus Demo

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the military, grid storage and other growing markets. Ener1 also develops commercial fuel cell products through its EnerFuel subsidiary and nanotechnology- based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.

SAFE HARBOR STATEMENT

Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially.



    INVESTOR RELATIONS        MEDIA RELATIONS
    Rachel Carroll            Jon Coifman
    ENER1 Inc.                Waggener Edstrom Worldwide
    Phone: 212 920 3500       Phone: 212 551 4815
    Email: rcarroll@ener1.com Email: jcoifman@waggeneredstrom.com

SOURCE Ener1, Inc.