www.ener1.com

Ener1, Inc. (OTCBB: ENEI) is a public company committed to providing near-and long-term solutions that meet the world's escalating need for alternative energy. The company's operating subsidiaries develop and market technologies and products that enable renewable energy to become a viable alternative to fossil fuels, including lithium batteries, fuel cells and nanotechnologies.

The innovations generated from Ener1's operating companies yield numerous benefits, including greater energy and economic security through decreased dependence on foreign sources of energy, higher power density necessary to efficiently fuel next generation vehicles, and a cleaner environment. These companies are built around proprietary technologies, experienced management and partnerships with industry leaders to profit from the growing demand for energy sources to fuel the economies of developing countries and industrialized nations.

Ener1's major shareholders are Ener1 Group, Inc., a privately held diversified technology investment holding company, and ITOCHU Corporation, a large Japanese trading company with annual revenue of approximately $90 billion and 160 offices in more than 80 countries. Ener1 has also received funding from eight institutional investors.

Ener1's subsidiaries operate in three main sectors: Lithium Batteries, Fuel Cells and Nanotechnology Materials. Ener1's interests include 80.5% of EnerDel ( www.enerdel.com ), a lithium battery company in which Delphi Corp. (NYSE: DPH) owns 19.5%, 100% of EnerFuel, a fuel cell testing and component company ( www.enerfuel.com ), 100% of NanoEner, which develops nanotechnology-based materials and manufacturing processes for batteries and other applications ( www.nanoener.com ), and 49% of Enerstruct, a Japanese lithium battery technology company in which Ener1's strategic investor ITOCHU owns 51%.

www.enerfuel.com

EnerFuel Inc., a wholly owned subsidiary of alternative energy company Ener1, Inc. (EBB: ENEI),  designs and develops technologies and products to help fuel cell manufacturers and developers advance the safety, reliability and performance of their Proton Exchange Membrane (PEM) fuel cell products.

EnerFuel’s proprietary technologies and methods address many of the technical issues that impede the commercialization of a hydrogen infrastructure. The company’s unique fuel cell test fixture provides users with a wide spectrum of data, previously unavailable.  EnerFuel pioneered a unique filtration process to remove carbon monoxide in reformer-derived hydrogen rich fuel, thus enhancing the performance and extending the lifetime of any reformer-based PEM fuel cell system. The company also has a novel method to start a fuel cell in sub-freezing temperatures, an important consideration for hydrogen powered vehicles.

EnerFuel’s partnership with the Florida Hydrogen Initiative further demonstrates its commitment to building a hydrogen infrastructure.  The company is developing a renewable energy source to power a rest stop along a Florida interstate highway. The hydrogen fuel cell runs on methanol created from two of Florida’s largest industries – food waste from theme parks and orange peels from citrus processing. This innovative project serves to educate millions of commuters and tourists on the benefits of hydrogen technology.

www.enerdel.com

EnerDel, Inc., located in Ft. Lauderdale, Florida, is commercializing high-rate lithium power modules for hybrid electric vehicles (HEVs) and other select markets. The company is owned 80.5% by Ener1, Inc., (OTCBB: ENEI) 19.5% by Delphi Corporation (NYSE: DPH).

The company's proprietary technologies include high-rate battery electrodes and an automated mass production process developed with the help of Enerstruct, Inc., Ener1's joint venture company with $90 billion Japanese industrial conglomerate ITOCHU Corporation. EnerDel is leveraging the engineering services of a highly qualified team of production engineers from Enerstruct. This group's 100+ years of collective experience includes overseeing production automation at some of the world's largest lithium battery companies, including Sony, GS Battery and Sanyo.

As the US market for fuel efficient hybrid vehicles experiences an exponential increase, and automotive manufacturers prepare to build hybrid vehicles in the US to be closer to the largest HEV market, EnerDel will be ready with a lithium power module designed to meet the demands of this emerging market. The performance advantages of EnerDel's high-rate battery electrodes, as well as the systems integration capabilities from partner Delphi, combined with automated manufacturing, will help EnerDel become a leading supplier of low cost battery solutions that improve the performance and efficiency of hybrid electric vehicles.

www.enerstruct.co.jp

In August 2003 ITOCHU Corporation and Ener1, Inc. formed Enerstruct, Inc., a Japanese joint venture company. Itochu owns 51% of Enerstruct and Ener1 owns 49%. The name "Enerstruct" reflects the company's goal to redefine "Energy Structure," and develop multiple application, high energy, high power batteries. Enerstruct is focused on the Japanese power sector including stationary fuel cells, hybrid powered automobiles, and applications requiring rechargeable batteries across various industries.

www.nanoener.com

NanoEner, Inc., a subsidiary of Ener1, Inc., has developed a platform nanotechnology that will improve the performance and cost of many products. The company’s proprietary process, called Vapor Deposition SolidificationTM (VDS), offers the advantages of traditional vacuum technologies in controlling film structure at the atomic or “nano” level while providing for higher efficiencies (rates) of evaporation and deposition of a variety of materials on a variety of substrates, fewer variations in film thickness, fewer surface defects, and lower production costs than conventional deposition methods.
 
The company’s technology was initially developed for the production of nanostructured thin-film coatings for high charge/discharge rate battery electrodes. The company plans to expand its unique platform technology into other markets and applications, including thin-film photovoltaic solar cells, fuel cell components, super capacitors, thin-film sensors, and high-conductivity wires. 
 
NanoEner has built and operated four prototype machines to produce samples that have successfully demonstrated the capabilities of its technologies.  The company plans to pursue corporate partnerships to scale-up production and fully commercialize its technologies.

www.splinex.com

Founded in October 2003, Splinex Technology (OTCBB: SPLX.OB) is focused on enabling researchers, scientists, engineers, other technical professionals to quickly and cost-effectively analyze, search, sort and view multidimensional data and their growing repositories of digital images and objects.   At Splinex we are addressing those needs by developing and servicing software which accelerates and otherwise enhances the generation, visualization, interaction with, and image-based search of, complex multi-dimensional objects without the need for high-end workstations or expensive limited-used software.   Applications which can benefit from our products and technology include computer assisted design & manufacturing, medical imaging, geomatics - creating maps from satellite and radar imagery, seismic imaging and national security/biometrics.

Led by an experienced software business management team, the core of our company is a research and development group composed of leading mathematicians and scientists. To date we have filed various patent applications with the United States Patent and Trademark Office that cover the underlying technology in our present and planned products. These patent applications are for problem-solving formulas and mathematical procedures that we believe are unique and allow more efficient representation or management of multi-dimensional data.

Ener1 Group is investing in the growing interactive entertainment market and plans to develop next generation console and wireless games. The company recently acquired Nival Interactive, Russia’s largest and leading game developer. Ener1 Group integrates Nival Interactive’s award winning and talented team of 220 artists, designers and programmers with its US operations. Ener1 Group plans to build Nival Interactive, Inc., its video game subsidiary headquartered in the United States, through organic growth, additional acquisitions and strategic partnerships.

www.enerlab.com

EnerLab is a wholly owned subsidiary of Ener1 Group, Inc. The EnerLab team of scientists and engineers has a diverse theoretical and experimental background and extensive practical experience in developing, testing, and implementing turn-key operational algorithms and efficient software. EnerLab develops and commercializes advanced data processing, interpretation, and quality control techniques for the multi-signal monitoring, detection, and diagnostic systems. Application areas for the EnerLab innovative technologies include weather forecasting, agriculture, transportation safety, non-invasive medical diagnostics, underground exploration, non-destructive testing and non-invasive process control. The EnerLab innovative technologies can provide our customers with a leap forward in their products, giving them a sustainable competitive edge in dynamic technology markets.

www.tvrc.com

To over 3,000 customers in healthcare, TVR Communications delivers access to critical information, education, communications, and interactive entertainment. TVR Communications is the leading provider of interactive multimedia systems and services in the healthcare industry. With an installed base representing over 65,000 hospital beds, TVR Communications serves over four million patients annually, providing education, television, telecommunications, and critical information to patients and hospital staff in hospitals throughout the United States and Canada. TVR Communications' state-of-the-art EnerLook Rover® System is a scalable and extensible family of robust patient bedside applications that operate over a hospitals existing RF networks or LANs, improving the patient experience and reducing healthcare costs. With EnerLook Rover, patients can view movies on demand, access prescribed patient and staff education content, browse the internet, send e-mail, instant message with friends and family, and view cable or satellite premium TV channels. With product development facilities in New York, Ft. Lauderdale, and Toronto, TVR Communications' R&D group is creating the applications that hospital IT departments and administrators demand to meet the rapidly changing requirements of healthcare providers. These include point-of-care applications such as "five rights" medication administration, diagnostic imaging at bedside, dietary administration, interactive patient surveys, and more. TVR Communications: Delivering the Digital Revolution to Healthcare^sm.