MIAMI, Oct. 11, 2004 (PRIMEZONE) -- Stockwire.com Releases its Movers and Shakers List: Electro Energy Inc. (OTCBB:EEEI), General Maritime (NYSE:GMR), Banco Bradesco (NYSE:BBD) and EON Daily (NYSE:EON).
Electro Energy, Inc. (Electro) develops bipolar nickel-metal hydride batteries. The company develops its product for the specialty high performance markets, such as space, aircraft and military equipments. The company has been receiving government funding for its product development. The company is engaged in a program to develop a bipolar nickel-metal hydride aircraft battery for the F-16. In October 2003, Electro acquired the battery operations of Eagle Picher Technologies, LLC in Colorado Springs, Colorado. Eagle Picher is engaged in the manufacture of specialty batteries, chemicals and electronic materials. In March 2004, the company received a $500,000 investment for technology development from a private venture investment fund, supporting technologies of interest to the United States government (the Private Venture Fund).
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