- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
Ener1 Group, Inc. (OTCBB: ENEI) announced that it sold 6.22 million shares of Ener1, Inc. common stock in a block trade with a group of institutional investors. Approximately $1.2 million of the $1.55 million proceeds will be invested in Ener1, Inc. as equity to accelerate the development of its hybrid electric vehicle (HEV) battery and fuel cell business plans.
Charles Gassenheimer, Ener1, Inc.'s Vice Chairman, said, "When combined with the $5.5 million raised in January, of which $4 million was invested as equity into in Ener1, Inc., this brings the capital raised to $7 million during 2007. As a critical component of our strategic goals, this transaction continues to increase the public float of Ener1, Inc., increase the liquidity of the common stock and facilitate greater exposure of our company."
About About Ener1, Inc.
Ener1, Inc. (OTCBB: ENEI) is an alternative energy technology company that is developing 1) lithium ion batteries for hybrid electric vehicles (HEV) at its 80.5% owned EnerDel subsidiary and through corporate ventures and strategic partnerships with Delphi, ITOCHU and EnerStruct, 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 or call 954-556-4020.
About Ener1 Group
Ener1 Group is a privately held global investment firm with offices in Ft. Lauderdale, Florida and New York City. The firm's assets include ownership in portfolio companies in a variety of technology and technology-driven industries, including ownership of approximately 85% of the outstanding common stock of Ener1, Inc. Ener1 Group's operations also include asset management and merchant banking divisions. For more information about Ener1 Group, Inc., visit http://www.ener1group.com , or call 954-556-4020.
For more information, please click here
T: (954) 556-4020
For media inquiries:
Victor Webb/Madlene Olson
Marston Webb International
T: (212) 684-6601
Copyright © Market WireIf you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
Forge Nano raises $20 million in Series A Funding: Nano coating technology innovator Forge Nano will use funding to expand manufacturing capacity and grow Lithium-Ion battery opportunities November 3rd, 2016
A nano-roundabout for light December 10th, 2016
Chemical trickery corrals 'hyperactive' metal-oxide cluster December 8th, 2016
'Back to the Future' inspires solar nanotech-powered clothing November 15th, 2016
Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage
Novel Electrode Structure Provides New Promise for Lithium-Sulfur Batteries December 3rd, 2016
A Phone That Charges in Seconds? UCF Scientists Bring it Closer to Reality November 21st, 2016
Carbon-coated iron catalyst structure could lead to more-active fuel cells September 15th, 2016