Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Ener1 Group Completes Block Trade With Institutional Investors

Abstract:
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.

Ener1 Group Completes Block Trade With Institutional Investors

FORT LAUDERDALE, FL | Posted on February 16th, 2007

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

Contacts:
Jerry Herlihy
Ener1, Inc.
T: (954) 556-4020

For media inquiries:
Victor Webb/Madlene Olson
Marston Webb International
T: (212) 684-6601

Copyright © Market Wire

If 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.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events August 3rd, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Announcements

The power of perovskite: OIST researchers improve perovskite-based technology in the entire energy cycle, from solar cells harnessing power to LED diodes to light the screens of future electronic devices and other lighting applications August 18th, 2017

Gold nanostars and immunotherapy vaccinate mice against cancer: New treatment cures, vaccinates mouse in small proof-of-concept study August 18th, 2017

Researchers printed graphene-like materials with inkjet August 17th, 2017

Candy cane supercapacitor could enable fast charging of mobile phones August 17th, 2017

Automotive/Transportation

2-faced 2-D material is a first at Rice: Rice University materials scientists create flat sandwich of sulfur, molybdenum and selenium August 14th, 2017

Engineers pioneer platinum shell formation process – and achieve first-ever observation August 11th, 2017

GLOBALFOUNDRIES, Silicon Mobility Deliver the Industry’s First Automotive FPCU to Boost Performance for Hybrid and Electric Vehicles: Silicon Mobility and GF’s 55nm LPx -enabled platform, with SST’s highly-reliable SuperFlash® memory technology, boosts automotive performance, ene August 3rd, 2017

Rice U. scientists map ways forward for lithium-ion batteries for extreme environments: Paper details developments toward high-temperature batteries July 27th, 2017

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Candy cane supercapacitor could enable fast charging of mobile phones August 17th, 2017

Rice U. scientists map ways forward for lithium-ion batteries for extreme environments: Paper details developments toward high-temperature batteries July 27th, 2017

Regulation of two-dimensional nanomaterials: New driving force for lithium-ion batteries July 26th, 2017

Ultrathin device harvests electricity from human motion July 23rd, 2017

Fuel Cells

Engineers pioneer platinum shell formation process – and achieve first-ever observation August 11th, 2017

Argonne National Laboratory’s Continuous ALD Technology Licensed Exclusively to Forge Nano July 7th, 2017

Electrocatalyst nanostructures key to improved fuel cells, electrolyzers June 5th, 2017

Stanford scientists use nanotechnology to boost the performance of key industrial catalyst May 18th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project