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New Release -- Superconductor Week does not edit or endorse the following news release:

McDaniel to Lead Ener1 Nanotech Business to Commercialize Thin Film Superconductor Technologies

June 14  --  Ener1, Inc. (OTC Bulletin Board: ENEI) has named J. Gary McDaniel chief executive officer of its nanotechnology subsidiary, NanoEner, Inc. McDaniel has over 25 years of senior management and operations experience, most recently as president and CEO of Nanox, Inc., a company that develops nanostructured materials. He is charged with transitioning the nanotechnology operation from R&D to applications engineering, product design, manufacturing and sales.

NanoEner is developing advanced nanomaterials for use in Ener1's lithium batteries and other high-energy storage devices. The Company's highly efficient and cost-effective process is designed to produce nanostructured electrodes that enable batteries to have extremely high discharge rates and an extended lifecycle when compared to those manufactured using existing technologies.

The Company also plans to pursue other custom applications for its technologies, such as thin-film solar cells, catalytic and functional coatings, fuel cells and thin-film transistors for active-matrix liquid-crystal displays, and both thin-film superconductors and dielectrics. McDaniel reports to Pankaj Dhingra, president of Ener1's Energy Group.

Dhingra said, "Gary's experience in advanced materials and nanotechnology is a great asset. We are confident his business acumen and leadership skills make him the ideal choice to lead the commercialization of our unique nanotechnology and our growing body of related intellectual property."

McDaniel commented, "NanoEner has developed a cutting-edge manufacturing technology for the production of nanostructured materials. What I find most exciting about this process is that it is truly a 'platform technology' that can be customized to produce a variety of products."

Prior to his tenure as president and CEO of Nanox, McDaniel held senior posts at Tricat Industries, a global manufacturer of nano- and microadvanced materials; Katalistiks, a $90 million manufacturer of petroleum refinery catalysts; and the chemicals division of W.R. Grace and Company.

McDaniel has a Bachelor's degree in Chemical Engineering Administration from the University of Delaware and an MBA from the Merrick School of Business at the University of Baltimore.

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