Ener1 Receives Purchase Order From Nissan

Japanese Auto Giant Orders Ener1's New Type Battery Electrode For Its Hybrid Vehicles

FORT LAUDERDALE, Fla., Sept. 2 -- Ener1, Inc. (BULLETIN BOARD: ENEI) (www.ener1.com), an emerging leader in the development of advanced lithium batteries and fuel cells, has received a purchase order from Nissan Motor Co., Ltd., Japan, to provide lithium-ion electrodes based on Ener1's new electrode technologies. The purchase order comes to Ener1 through its investor and business partner, ITOCHU Corporation, and grows out of continuing discussions among the three companies regarding possible future business relationships.

Ener1's electrodes are based on an entirely new concept for lithium batteries. Together with ITOCHU's technologies, Ener1's Nano-Structure process dramatically increases battery discharge rates (by 25 times) and cycle life as well. High discharge rates are particularly needed in powering hybrid fuel cell. Batteries based on Ener1's technology are also expected to require substantially less weight and space.

Nissan is one of the largest automotive manufacturers in the world, with annual sales exceeding $50 billion in its most recent fiscal year and global production totaling more than 2.7 million automobiles.

ITOCHU is one of the largest companies in the world, with annual revenue of more than $100 billion. ITOCHU has interests in almost every aspect of commerce and industry, including energy.

Dr. Peter Novak, chief technology officer and director of Ener1, remarked, "This early indication of the attractiveness of our electrode technology to the automotive industry is very promising for us. We look forward to expanding our relationship with Nissan, with the help of our business partners at ITOCHU."

About Ener1, Inc.

Ener1, Inc. (BULLETIN BOARD: ENEI) develops and commercializes new technologies for clean, efficient energy sources. ENER1's technologies and products include advanced lithium batteries, thin film and solid state technologies, advanced electrolytes and cathode materials, as well as high efficiency, long-life, non-platinum based fuel cells and solar cells utilizing photo-electroconverters.

For more on Ener1, please visit http://www.ener1.com/ or contact Ener1 at (954) 202-4442.

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