DEFENSE DEPARTMENT AGENCY RECEIVES POSITIVE REPORT ON ELECTROSOURCE ADVANCED HORIZON LEAD-ACID BATTERY; Report says Horizon Ready to Take Electric Vehicles the Distance in Time for the 1998 Zero-Emission Mandates.AUSTIN, Texas--(BUSINESS WIRE)--January 10, 1995--A U.S. Department of Defense agency in a research report was told today that the advanced lead-acid Horizon battery, manufactured by Austin-based Electrosource Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ELSI ELSI Ethical, Legal and Social Implications (of Human Genome Project) ELSI East London Somali Initiative (UK) ), is capable of delivering the range, power and economy to meet 1998 zero emission Zero emission refers to an engine, motor, or other energy source, that emits no waste products that pollutes the environment or disrupts the climate. Zero emission engines mandates set by California, Massachusetts and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The report by the Sacramento Municipal Utility District (SMUD SMUD Sacramento Municipal Utility District SMUD Stand-off Munitions Disruption ), the nation's fifth largest municipal utility, was presented today in Atlanta to the Defense Department's Advanced Research Projects Agency (ARPA ARPA - Defense Advanced Research Projects Agency ). In a recent test by SMUD, a specially designed utility vehicle powered by a Horizon battery pack drove 110 miles in city traffic on a single charge. In an earlier test, the same vehicle using a different battery technology went only 60 miles before it required recharging. Michael Wirsch, head of electric vehicle development for SMUD, told ARPA's review meeting in Atlanta, "It is evident that the Horizon battery, because of its low-cost and maintenance-free characteristics, supplies electric vehicles with more than adequate range and economy to make electric vehicles practical." SMUD, with McClellan Air Force Base McClellan Air Force Base was a United States Air Force base located on 2,952 acres (12 km) about 10 miles (16 kilometers) northeast of Sacramento, California. It is also the home of the Aerospace Museum of California. , are lead managers of an ARPA-funded public/private consortium geared to advancing the development of electric and hybrid-electric vehicle technology for commercial and governmental uses. Other consortium members include the University of California-Davis Institute of Transportation Studies, U.S. Electricar, CIBA CIBA Canadian Intercollegiate Baseball Association CIBA Chemical Industry in Basle CIBA Cayman Islands Bankers Association CIBA Californian Indian Basketweavers Association Composites, American Flywheel, Arrowjet-General and FMC See fixed mobile convergence. . The Electrosource technology is derived from advanced material developments made in the aero-defense industry. The technology, replacing the heavy lead core of the traditional battery, uses a fiberglass thread that is coated with a thin lead layer, then woven and coated with acid. The final product is a lightweight, high powered battery providing acceleration and payload-carrying capability comparable to gasoline powered vehicles. Unlike nickel, zinc, cadmium and other exotic materials used in various batteries under development, lead is a relatively inexpensive resource. "We will continually improve our revolutionary battery providing a vitally improved source of rechargeable energy for electric vehicles and the many other industries that need it," said Michael G. Semmens, chairman and president of Electrosource. Christopher J. Reilly, chief research engineer for New York State Electric & Gas, has tested the Horizon batteries and reached a similar conclusion: "The Horizon technology has demonstrated critical strengths, including charge and recharge efficiency, freedom of maintenance, acceleration performance, cost effectiveness and convenience. Electrosource is the developer and manufacturer of advanced batteries for a broad range of applications, including electric vehicles and industrial, utility and telecommunications products. In 1994, the San Marcos, Texas San Marcos is a city in Texas, USA. The population was 34,733 at the 2000 census. It is the county seat of Hays County.GR6 Texas State University-San Marcos (formerly Southwest Texas State University) is located in the city. , manufacturing facility delivered Horizon batteries to customers worldwide including; Chrysler Corp., Tokyo-based Mitsui Engineering and Shipbuilding, Germany-based Hydrogen Services, Semelec based in Spain, SKODA Engineering based in the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , U.S. Electricar, Solarmax, Suntera, Renaissance, Unique Mobility, Centeiror Energy Corporation, Consolidated Edison, New York State Electric & Gas, as well as SMUD. "Electrosource's San Marcos manufacturing facility is currently accelerating production to meet ever-increasing demand," Semmens said. "Whereas the electric vehicle market is among the first markets we are targeting, it is our intention to apply the technology to a broad range of other applications." CONTACT: Electrosource Inc.
Michael Weinstein, 505/298-1800
James M. Rosel, 512/445-6606
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Stern & Co., New York
Stephanie Stern, 212/777-7722
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