Thursday, July 6, 2006

Electro Energy jump starts government contract

The Electro Energy plant in Colorado Springs will do the work on an $850,000 Army contract the Connecticut company was awarded to develop advanced rechargeable batteries for the battlefield.

The contract could result in orders for hundreds of thousands of batteries for the military in the next few years and “into the millions over time,” said Michael Reed, president and chief executive officer of the company.

The 18-month contract from the Army Communication and Electronics Command in Fort Monmouth, N.J., is to develop an advanced lithium ion rechargeable battery with a usable capacity up to 30 percent greater than existing batteries of the type.

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