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German Government Issues Contract for All-Electric Vehicle Development

18 September 2000

Electric Fuel Reports German Government Issues Contract for All-Electric Hybrid Vehicle Development

      Consortium to Begin DM24 Million Program to Develop Hybrid Vehicle

    ISELIN, N.J., Sept. 15 Electric Fuel Corporation
announced today that the German Government has issued a
contract to undertake a cooperative all-electric hybrid vehicle development
and demonstration program in Germany.
    A consortium comprised of Electric Fuel's Electrical Vehicle Division, and
major German industrial firms such as DaimlerChrysler AG and Varta Batterie
AG, as well as academic institutions will implement the program, announced in
January.
    The four-year, DM24 million program will develop and demonstrate a hybrid
vehicle design based on DaimlerChrysler cargo vans.  The vans will be powered
by Electric Fuel's refuelable Zinc Air(TM) batteries as the main energy
storage, together with high-power booster batteries provided by Varta, and
ultracapacitors under development by Dornier GmbH (a division of
DaimlerCrysler Aerospace) and by EPOC AG (formally Siemens Matsushita
Components).
    The organizers of the project, including the German Federal Science
Ministry, which will co-fund the program along with the consortium members,
hope it will eventually lead to high-performance, clean electric
transportation.
    According to Yoel Gilon, Electric Fuel's Director of EV Technologies, "It
is gratifying to be part of the technical direction taken by the consortium to
create an electric hybrid that meets all of the requirements of the modern
fleet vehicle."  Mr. Gilon added, "This is the same direction we have taken in
the United States with our all-electric battery-battery hybrid transit bus
project."