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January 7, 2008

DOE earmarks $1M for Electro Energy battery development

The U.S. Department of Energy budget is providing $1 million in FY 2008 towards the development of Danbury-based Electro Energy's patented battery technology.

The funding will help pay for Electro's continued development of its batteries for plug-in hybrid electric vehicles and other vehicle applications.

The aim is commercialization of a new generation of smaller, lighter, and safer batteries with increased energy, reduced cost and higher power capability.

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