"Rex Hodge is recognized throughout the fuel cell industry as a leader," commented Chairman Charles Gassenheimer. "His work at Anuvu resulted in major leaps forward in fuel cell technology, and his groundbreaking work at the Aerojet Propulsion Division of GenCorp created many of the practical bases of fuel cell technology throughout the industry. We are very fortunate and pleased to have Rex leading EnerFuel."

Mr. Hodge founded Anuvu Inc. in Sacramento, California, in 1993, and served as the Company's President and Chief Executive Officer. During his 11-year tenure at Anuvu, Mr. Hodge raised funds to operate the privately held company and developed fuel cell products for cars, trucks, scooters and boats. Anuvu also created technologies for creating electricity from solar light, and biomass building technologies using biomass materials to replace wood, metal, plastics and fiberglass. Anuvu also developed chip cooling systems for microprocessors, and ducting systems for desalinization plants, along with numerous other technologies.

Prior to Anuvu, Mr. Hodge was with The Aerojet Propulsion Divison of GenCorp, also in Sacramento, where he was a Project Engineer. During his time at Aerojet (August 1988 to September 1994), he developed fuel cells using rocket technology, and introduced miniaturization to drop the size of fuel cells by a factor of three. He also originated many rocket-oriented technologies, and was recognized in 1992 with Aerojet's Technical Achievement Award.

Mr. Hodge is the author of numerous articles for professional journals published over the last seven years on fuel cells, and has been a speaker at various conferences.

He is a graduate of the University of California at Davis, with a BS degree in mechanical engineering.

About Ener1, Inc

Ener1, Inc (OTC: ENEI - News) is an alternative energy technology company. The company's interests include: 80.5% of EnerDel (www.enerdel.com), a lithium battery company in which Delphi Corp. owns 19.5%; 49% of Enerstruct, a Japanese lithium battery technology company in which Ener1's strategic investor ITOCHU owns 51%; wholly owned subsidiary EnerFuel, a fuel cell testing and component company (www.enerfuel.com); and wholly owned subsidiary NanoEner, which develops nanotechnology-based materials and manufacturing processes for batteries and other applications (www.nanoener.com). For more information, visit http://www.ener1.com.