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Ener1 Forms Nanotechnology Subsidiary

Ener1 Inc. of Ft. Lauderdale, Florida, has formed a new wholly owned subsidiary, NanoEner Inc., to develop new markets and applications for its proprietary technologies to manufacture nanomaterials. Dr. Yevgen Kalynushkin, an engineer, professor of material science, and author of more than 12 patents and 300 published papers, is chief technology officer of the new company.

Kevin Fitzgerald, chairman and CEO of Ener1, said that forming NanoEner will help Ener1 capitalize on the emerging nanotechnology market, estimated by the National Science Foundation to reach $1 trillion by 2015.

Ener1 currently uses its nanomaterials manufacturing technologies to develop nanomaterials for lithium batteries and other high-energy storage devices. Its nanostructured electrodes enable batteries to have high discharge rates and extended cycle life. This patent-pending process is based on a vapor deposition solidification method invented by Dr. Kalynushkin that uses thin-film technology to fabricate high-quality, inorganic nanostructures. The process can be applied to a wide range of structures, from raw materials and nanopowders to ultra-thin film coatings for displays and wires.

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