Electrosource Inc. Receives Delisting Notice and Requests Nasdaq Hearing

    SAN MARCOS, Texas--April 25, 2001--Electrosource, Inc. ("the Company") today announced that it has requested a hearing with The Nasdaq Stock Market regarding the Company's late filing of Form 10-K to the Securities and Exchange Commission.
    The Company received a letter April 19, 2001 informing the Company that it would be delisted from The Nasdaq Stock Market at the opening of business on April 27, 2001, unless the Company requested a hearing in accordance with the Marketplace Rule 4800 Series.
    The hearing request will stay the delisting of the Company's securities pending the Nasdaq Listing Qualifications Panel's decision regarding such delisting. The hearing date will be scheduled within 45 days of the Company's request for the hearing.
    Electrosource is a manufacturer of high-power, light-weight batteries for use in electric and hybrid-electric vehicles, engine-starting, and telecommunication stand-by power applications. Additional information about the Company is located on the Internet at www.electrosource.com.

This release contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially from those discussed in this release. Risks include financial risks, development risks, manufacturing risks, uncertainty of market acceptance, delay in shipment or cancellation of orders, customer reorganization, as well as other risks that are detailed from time to time in the company's Securities and Exchange Commission filings.