Electric Fuel Expands INSTANT POWER Product Line; Company to Market Disposable Cellphone Batteries for Popular Samsung Phone.Business Editors ISELIN, N.J.--(BUSINESS WIRE)--Oct. 4, 2000 Electric Fuel Corporation (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 : EFCX) today announced that it will manufacture and market its Instant Power(TM) brand of fully charged, ready-to-use, disposable cellphone (CELLular telePHONE) The first ubiquitous wireless telephone. Originally analog, all new cellular systems are digital, which has enabled the cellphone to turn into a smartphone that has access to the Internet. batteries for the popular Samsung SCH-3500 cellphone. The Samsung-compatible Instant Power(TM) batteries are expected to reach retail shelves in time for the holiday shopping season. Instant Power(TM) batteries, available at retail outlets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Israel, are already compatible with cellphones manufactured by Ericsson, Motorola and Nokia. The most recent addition to the Instant Power(TM) line is part of the Company's ongoing efforts to aggressively expand its reach in cellphones, PDAs, Internet devices and other consumer electronics products. "The addition of a Samsung-compatible battery to our Instant Power(TM) line increases the audience of consumers who can benefit from our products," said Yehuda Harats, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Electric Fuel Corporation. "If you own a cellphone, it is very likely that there is an Instant Power(TM) battery that can provide the convenience and security of using your phone without ever having to worry about your battery life and power." Electric Fuel's disposable Instant Power(TM) batteries are based on the Company's patented zinc-air fuel cell technology that has revolutionized the cellphone market. The batteries, which come fully charged and ready-to-use right out of the pack, provide consumers with up to five times more talk and stand-by time than rechargeable cellphone batteries. About Electric Fuel Corporation Electric Fuel Corporation (http://www.electric-fuel.com) is a world leader in primary and refuelable zinc-air fuel cell technology, pioneering advancements in consumer electronics, electric vehicles, and defense and safety products. The company's popular line of Instant Power(TM) disposable cellphone batteries are currently compatible with select models of Ericsson, Motorola, Nokia and Samsung cellphones and available at retail stores in the United States, Europe, South America and Israel. Samsung is a registered trademark of Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. Co., Ltd., and all other brand names are registered trademarks of their respective owners. NOTE: This press release contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by the statements made above as set forth in Electric Fuel's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 1999. Among, but not limited to, these factors are the stage of development of Electric Fuel's products, the uncertainty of the market for disposable cellular telephone batteries and significant future capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . |
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