Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > Ener1 Announces Headquarter Transition to New York

Abstract:
Ener1, Inc. (Amex: HEV), maker of advanced battery technology to power the next generation of hybrid, electric and plug-in vehicles, today announced that it has officially moved its world headquarters to New York City. The Company's New York office address is 1540 Broadway, Suite 25C, New York, NY 10036.

Ener1 Announces Headquarter Transition to New York

New York, NY | Posted on August 12th, 2008

Ener1 moved to its new offices in New York in May in preparation for its listing on the American Stock Exchange (AMEX) on May 8, 2008. This was part of a strategic move to relocate the corporate headquarters to New York. The Company has exited its Ft. Lauderdale offices at 500 West Cypress Creek Road and will be subleasing the premises for an approximate saving of $330,000 in cash lease payments through the original lease termination date. Administrative offices in Florida have been consolidated into 1751 Cypress Creek Road, which is owned outright by Ener1. The Ft. Lauderdale office is a research and development center for the development of advanced coating applications and electrode manufacturing processes at its NanoEner division. EnerFuel's location in West Palm Beach is unchanged.

"Relocating our headquarters to New York allows us to more readily access our significant and growing presence in Indianapolis, Indiana, our domestic and international customer base, as well as allowing us closer proximity to our institutional investors," said Ener1 Chairman, Charles Gassenheimer. "New York is one of the few cities to offer such a unique global platform."

####

About Ener1, Inc.
Ener1 develops and manufactures compact, high performance lithium-ion (Li-ion) batteries to power the next generation of hybrid and electric vehicles. The publicly traded company (Amex: HEV) is led by an experienced team of engineers and energy system experts who are building proprietary innovations based on technology originally pioneered at the Argonne National Lab, the engineering and chemistry teams at its lithium-ion battery subsidiary in Indiana, and the assistance of ITOCHU Corporation.

Ener1 makes its batteries in Indiana, in a state-of-the-art facility, and is seeking to be the first company to mass-produce a cost-competitive lithium-ion battery for hybrid and electric vehicles in the United States. Demand for cost effective battery solutions is being driven by a need to reduce dependence on oil as well as growing concern about vehicle emissions. In addition to the autos, applications for Ener1 technology include military and aerospace, utilities and industrial, medical, and other growing markets.

The company recently received the prestigious R&D 100 award for excellence in its technology and uniquely innovative design. The award is shared by Ener1 and its research partners at Argonne. Ener1 is an active member of the United States Advanced Battery Consortium, which works closely with automakers, component companies and others to accelerate the commercial development of new battery technology.

Major shareholders are Ener1 Group, Inc., a privately held, global investment and advisory firm, and ITOCHU Corporation, a Japanese trading company and distributor of manufacturing equipment essential to lithium-ion battery production that has annual revenue of approximately $90 billion and offices in more than 80 countries. Ener1 also receives funding from a number of institutional investors.

Ener1 is also developing commercial fuel cell products through its EnerFuel subsidiary and nanotechnology-based materials and manufacturing processes for batteries and other applications through its NanoEner subsidiary.

For more information, please click here

Contacts:
INVESTOR RELATIONS:
Rachel Carroll
VP Corporate Communications
P: 212 920 3500


MEDIA RELATIONS:
Jon Coifman
Waggener Edstrom Worldwide
P: 212 907 6516

Copyright © PR Newswire Association LLC.

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

News and information

Virginia Tech physicists propose path to faster, more flexible robots: Virginia Tech physicists revealed a microscopic phenomenon that could greatly improve the performance of soft devices, such as agile flexible robots or microscopic capsules for drug delivery May 17th, 2024

Gene therapy relieves back pain, repairs damaged disc in mice: Study suggests nanocarriers loaded with DNA could replace opioids May 17th, 2024

Shedding light on perovskite hydrides using a new deposition technique: Researchers develop a methodology to grow single-crystal perovskite hydrides, enabling accurate hydride conductivity measurements May 17th, 2024

Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024

Openings/New facilities/Groundbreaking/Expansion

OCSiAl expands its graphene nanotube production capacities to Europe June 17th, 2022

GLOBALFOUNDRIES Moves Corporate Headquarters to its Most Advanced Semiconductor Manufacturing Facility in New York April 27th, 2021

Oxford Instruments Plasma Technology relocates to advanced manufacturing facility: Move driven by exceptional business growth February 12th, 2021

RIT to upgrade Semiconductor and Microsystems Fabrication Laboratory through $1 million state grant: Upgrades to clean room will enhance university’s research capabilities in photonics, quantum technologies and smart systems August 16th, 2019

Announcements

Virginia Tech physicists propose path to faster, more flexible robots: Virginia Tech physicists revealed a microscopic phenomenon that could greatly improve the performance of soft devices, such as agile flexible robots or microscopic capsules for drug delivery May 17th, 2024

Diamond glitter: A play of colors with artificial DNA crystals May 17th, 2024

Finding quantum order in chaos May 17th, 2024

Oscillating paramagnetic Meissner effect and Berezinskii-Kosterlitz-Thouless transition in cuprate superconductor May 17th, 2024

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

What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024

Two-dimensional bimetallic selenium-containing metal-organic frameworks and their calcinated derivatives as electrocatalysts for overall water splitting March 8th, 2024

Discovery of new Li ion conductor unlocks new direction for sustainable batteries: University of Liverpool researchers have discovered a new solid material that rapidly conducts lithium ions February 16th, 2024

A battery’s hopping ions remember where they’ve been: Seen in atomic detail, the seemingly smooth flow of ions through a battery’s electrolyte is surprisingly complicated February 16th, 2024

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




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project