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Investor Relations - Corporate Overview

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 and silent watch applications), NASA (satellites), Partnership for a New Generation Vehicle (hybrid vehicles), NAVAIR and U.S. Air Force (F-18 and F-16 aircraft), National Institute of Health (NIH) (heart assist pumps), and the Department of Energy (distributed energy and power quality).

EEI also produces Super Ni-Cd batteries for mission critical applications in U.S. Government satellite 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, Colorado. EEI holds seven U.S. and three foreign patents, with additional worldwide filings in process.


Funding

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, coincident with a reverse merger making EEI a publicly traded company. EEI plans to use the proceeds of the private placement to develop commercial production capacity for its BP Ni-MN products.


Facilities

Danbury, CT
14,000 sq.ft.

This facility includes corporate offices, battery fabrication departments, computer-assisted design (CAD) capabilities, pilot equipment, process development and machine shop areas. At this same location, EEI's fully automated state-of-the-art battery testing facility is responsible for managing data acquisition, cycling, and thermal testing. The facility can test over 1,500 different cells/batteries at any given time, each with their own test regime.

Colorado Springs, CO
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.

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