Electro Energy reports Q2 up 18.5%

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Electro Energy Inc has just reported much improved Q2 earnings.

Michael E. Reed, CEO of Electro Energy, commented, "This was a very exciting quarter for Electro Energy. As a leading participant in the nationwide push for Hybrid Electric Vehicles and Plug-in Hybrid Electric Vehicles this Spring, we worked with the California Cars Initiative to adapt a Toyota Prius as a prototype PHEV powered by our proprietary bi-polar NiMH battery. The prototype vehicle was demonstrated at several high-profile events and received a significant amount of positive press attention. We have demonstrated how various electric vehicles can benefit from our batteries, which are stronger, lighter, longer-lasting, lower-cost, more flexible and more environmentally friendly than those of our competitors. While advancing this PHEV effort led to a significant increase in our developmental expenses, we believe these investments have established a vital platform for growth in a major target market."

I've yet to see the "Who killed the electric car?" movie-documentary - but it already has quite a following on the internet. According to this wiki, in the film's conclusion, the only suspect to reach a "Not Guilty" verdict are the batteries - Electro Energy have got to be pleased about that !

Everyone else; consumers,oil companies, car companies, government, California Air Resources Board and Hydrogen fuel cells are all deemed to be guilty.

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