Gerard Herlihy Appointed Chief Financial Officer of Ener1, Inc

FT. LAUDERDALE, Fla., Jan. 30 /PRNewswire-FirstCall/ -- Ener1, Inc announced today that veteran financial and operating executive Gerard (Jerry) Herlihy has been appointed Chief Financial Officer of Ener1 Inc, effective immediately.

"Jerry Herlihy has been working with Ener1 Group, the majority holder of Ener1, Inc, since mid-2004, and has done an excellent job of taking Splinex Technology from pure research to commercialization. At Splinex he has served as President and COO, as well as CFO, and he will work well with top management at Ener1 due to his financial acumen combined with his operating experience. Moreover, he has truck and automotive manufacturing experience which will greatly benefit our EnerDel group. We are very pleased that Jerry has joined us," said Charles Gassenheimer, Chairman of Ener1.

Mr. Herlihy joins Ener1 from Splinex Technology Inc (BULLETIN BOARD: SPLX) , also a majority owned subsidiary of Ener1 Group, the parent of Ener1, Inc. Mr. Herlihy brought Splinex public, and handled all administrative, operating and financial aspects of the company including SEC reporting and Sarbanes Oxley compliance.

Mr. Herlihy's experience includes directing a number of turnarounds, including Chief Financial and Administrative Officer of Williams Controls Inc, and president and COO of CliniCorp, Inc. Prior to directing turnarounds, Mr. Herlihy was an investment banker at Thomson McKinnon Securities, and began his career as a CPA with Peat Marwick Mitchell & Co in New York City. Mr. Herlihy received his MBA from the Harvard Business School.

About Ener1, Inc

Ener1, Inc is an alternative energy technology company. The company's interests include: 80.5% of EnerDel (http://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 (http://www.enerfuel.com/); and wholly owned subsidiary NanoEner, which develops nanotechnology-based materials and manufacturing processes for batteries and other applications (http://www.nanoener.com/). For more information, visit http://www.ener1.com/.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995 conveying management's expectations as to the future based on plans, estimates and projections at the time the statements are made. The forward-looking statements contained in this press release involve risks and uncertainties, including, but not necessarily limited to: EnerDel's ability to succeed as a supplier of batteries to the hybrid electric vehicle and other markets; Ener1's plans to reduce costs and gain a competitive advantage by consolidating manufacturing operations and implementing automated production processes; charges Ener1 will incur in connection with consolidating manufacturing operations; the degree of competition in the markets for lithium battery, fuel cell and nanotechnology-based products and services, Ener1's history of operating losses, the lack of operating history for the development stage Ener1 businesses, the need for additional capital, the dependency upon key personnel and other risks detailed in Ener1's annual report on Form 10-KSB for the year ended December 31, 2004, as well as in its other filings from time to time with the Securities and Exchange Commission. These risks and uncertainties could cause actual results or performance to differ materially from any future results or performance expressed or implied in the forward-looking statements included in this release. Ener1 undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact: Joe Allen (investors) Alys Daly Allen & Caron Inc Ener1, Inc 212 691 8087 954 202 4442 or [e-mail]

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