Electro Energy Inc. (EEI)
(OTCBB:EEEI.OB) is an engineering, technology and
manufacturing organization, dedicated
to meeting customer needs with advanced battery technologies
and associated systems.
EEI was founded in 1992 to
focus on development and commercialization of a
patented concept for a bipolar
nickel-metal hydride rechargeable battery (BP Ni-MH).
EEI technology provides superior performance in
energy capacity, size and weight vs competitors. EEI has
developed and owns both the patented design of
BP Ni-MH batteries and the patented production process
for their manufacture.
EEI has produced and delivered
prototype BP Ni-MH batteries for the U.S. Army (field radios
watch applications), NASA (satellites), Partnership
for a New Generation Vehicle (hybrid vehicles),
NAVAIR and U.S. Air Force (F-18 and F-16 aircraft),
Institute of Health (NIH) (heart assist pumps),
and the Department of Energy (distributed energy
EEI also produces Super Ni-Cd
batteries for mission critical applications in U.S. Government
systems, and military aircraft such as the
B-52, B-1, and Cobra Helicopters.
EEI has over 70 employees
at two locations, Danbury Connecticut and Colorado Springs,
holds seven U.S. and three foreign patents,
worldwide filings in process.
EEI has been funded since inception with
limited venture capital from its founder
and one other
investor. The primary source of funds has
been research contracts
with the US government totaling over $18M.
EEI recently raised approximately $3.0M through
a private placement,
with a reverse merger making EEI a publicly
traded company. EEI plans to use the proceeds
private placement to develop commercial production
for its BP Ni-MN products.
This facility includes corporate offices,
battery fabrication departments, computer-assisted
design (CAD) capabilities, pilot equipment,
development and machine shop areas. At
this same location,
EEI's fully automated state-of-the-art
facility is responsible for managing data
cycling, and thermal testing. The facility
can test over 1,500 different cells/batteries
time, each with their own test regime.
43,000 sq. ft.
This facility was acquired from Eagle-Picher
Industries in 2003. It produces Super
Ni-Cd batteries for
a variety of applications. Some components
of BP Ni-MH
production will be based in Colorado
Springs along with various R&D projects.
Some of the information
on this Web Site may contain projections or other
forward-looking statements regarding
future events or the future financial performance
of the Company. We wish to caution you that these
statements are only predictions and that actual
events or results may differ materially. Important factors
that could cause the actual results to differ materially
from those contained in our projections or forward-looking
statements, include, among others, potential fluctuations
in quarterly results, dependence on new product
development; rapid technological and market change, acquisition
strategy, manufacturing risks, volatility of stock
price, financial risk management, and future growth
subject to risks.