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

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017

Harris & Harris Group Announces a Proposed Strategic Restructuring December 20th, 2016

Harris & Harris Group Issues Letter to Shareholders and Information for Shareholder Call on Tuesday, November 15, 2016 November 14th, 2016

Announcements

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017

Nanoscale view of energy storage January 16th, 2017

Seeing the quantum future... literally: What if big data could help you see the future and prevent your mobile phone from breaking before it happened? January 16th, 2017

Automotive/Transportation

Nanoscale view of energy storage January 16th, 2017

Illinois team advances GaN-on-Silicon for scalable high electron mobility transistors January 10th, 2017

Going green with nanotechnology December 21st, 2016

Scientists boost catalytic activity for key chemical reaction in fuel cells: New platinum-based catalysts with tensile surface strain could improve fuel cell efficiency December 19th, 2016

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

Nanoscale view of energy storage January 16th, 2017

One step closer to reality: Devices that convert heat into electricity: Composite material yields 10 times -- or higher -- voltage output January 4th, 2017

STMicroelectronics Peps Up Booming Social-Fitness Scene with Smart Motion Sensors for Better Accuracy, Longer Battery Life, and Faster Time to Market January 2nd, 2017

Researchers produced nitrogen doped bimodal cellular structure activated carbon December 29th, 2016

Fuel Cells

Scientists boost catalytic activity for key chemical reaction in fuel cells: New platinum-based catalysts with tensile surface strain could improve fuel cell efficiency December 19th, 2016

It's basic: Alternative fuel cell technology reduces cost: Study sets performance targets for metal-free fuel cell membrane December 13th, 2016

Keeping electric car design on the right road: A closer look at the life-cycle impacts of lithium-ion batteries and proton exchange membrane fuel cells December 9th, 2016

Water vapor sets some oxides aflutter: Newly discovered phenomenon could affect materials in batteries and water-splitting devices October 3rd, 2016

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