EnerDel Awarded Anode Development Phase Two Contract with DOD

21 November 2008

Ener1, Inc.’s subsidiary EnerDel, maker of lithium-ion battery systems, has moved to phase two of a research and development contract with the US Department of Defense (DOD) to develop high-energy, high-performance batteries for unmanned aerial vehicles (UAVs).

Under the new agreement, EnerDel has been awarded $1.46 million to develop a complimentary anode for the UAV battery pack to increase the cruising time of the vehicle. The phase two award comes in addition to a $4 million contract in September 2008, to produce lightweight, high-performance battery solutions for real-time tracking of military assets in harsh climates and phase one of the UAV program.

With the successful completion of phase two, EnerDel expects to increase the theoretical cruising time for the UAV from 53 to 81 minutes. The timeline for project completion is eighteen months.

The DoD is one of the most demanding customers there is. Our collaboration is pushing the capabilities of EnerDel’s battery cell technology. We believe the market opportunities for developing advanced battery technologies for the military are substantial and will create research and development synergies with our core business of supplying complete systems solutions for the automotive industry.

—EnerDel CEO Ulrik Grape