Nanotechnology Now - Press Release: Ener1 Appoints Independent Director

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Abstract:
Ener1, Inc. today announced the appointment of Elliot Fuhr as an independent member of its board of directors. The appointment increases the size of the board to nine members, five of whom are independent.

Ener1 Appoints Independent Director

FORT LAUDERDALE, FL | Posted on January 16th, 2008

As a Senior Managing Director at FTI Consulting, Inc., Mr. Fuhr specializes in assisting senior management and boards of directors in the areas of performance improvement, financial and operational restructuring, mergers and acquisitions, divestitures, business planning and rapid implementation projects. He has broad industry experience including engagements with automotive, apparel, retail, technology, manufacturing, services, chemical, and oil & gas companies. Mr. Fuhr has led or is leading several FTI firm-wide initiatives, including Business Quality, Learning & Education, Business Performance Improvement and Key Client programs. He has over 24 years of experience in consulting and restructuring businesses. Mr. Fuhr was previously a partner at PricewaterhouseCoopers LLC in the Business Recovery Services division and had several chemical engineering positions at Exxon.

Charles Gassenheimer, Chairman of Ener1, stated "We look forward to Elliot's participation as a board member and benefiting from his automotive industry and operational best practices consulting experience. This appointment increases the number of independent directors to a majority of five members, and continues to improve Ener1's corporate governance profile."

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About Ener1, Inc.
Ener1, Inc. is a demand-side alternative energy technology company that is developing 1) lithium ion batteries for hybrid and electric vehicles (HEV, PHEV and EV) at its 80.5% owned EnerDel subsidiary, 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 and http://www.enerdel.com or call 954-556-4020.

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Contacts:
Corporate Headquarters
500 W Cypress Creek Rd, Suite 100, Ft. Lauderdale, FL 33309
Phone: 954-556-4020
Fax: 954-556-4031

» Public and Investor Relations
Jerry Herlihy
Phone: 954-556-4020
Fax: 954-556-4031
Email:

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