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ELECTROSOURCE ANNOUNCES REGISTRATION OF SECONDARY OFFERING

 AUSTIN, April 30 /PRNewswire/ -- Electrosource, Inc. (NASDAQ: ELSI) announced today that it would file a registration statement under the Securities Act of 1933 with the Securities and Exchange Commission covering a distribution of Electrosource common shares by Battery Horizons, Ltd., its majority shareholder. The offering will involve the distribution by Battery Horizons to its general and limited partners of 6,400,000 Electrosource common shares, and the subsequent distribution of shares in the form of a dividend to the shareholders of the general partner of Battery Horizons and a limited partner in Battery Horizons, both of which are corporations. The shares will be subject to contractual limitations upon the volume of resales by a given recipient during specified time periods following the distribution date.
 The shares to be distributed represent shares that will be received by Battery Horizons upon its conversion of 1,280,000 shares of Electrosource preferred stock in January 1992. Neither the conversion of the preferred shares nor the distribution by Battery Horizons will generate any proceeds to Electrosource. It is anticipated that the distribution will occur as soon as practicable after the effective date of the registration statement.
 The officing will be made only be means of a prospectus.
 Electrosource is a publicly traded company headquartered in Austin, Texas. The company's principal business is developing advanced lead acid batteries for commercial applications.
 -0- 4/30/93
 /CONTACT: Audrey T. Dearing, corporate secretary, Electrosource, Inc., 512-445-6606/
 (ELSI)


CO: Electrosource, Inc. ST: Texas IN: SU: OFR

TS -- NY082 -- 3366 04/30/93 15:54 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
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