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BDM AND ELECTROSOURCE FORM NEW COMPANY TO PRODUCE ADVANCED LEAD ACID BATTERIES

 MCLEAN, Va., June 2 /PRNewswire/ -- BDM Technologies, Inc., and Electrosource, Inc. (NASDAQ: ELSI), have jointly formed a new company, Horizon Battery Technologies, Inc. (HBTI), to produce in limited quantities a high performance lead acid battery known as the Horizon, intended to power electric vehicles (EVs) in the United States and overseas.
 The new company grew out of a strategic partnership announced early this year between BDM, a technology services company, and Electrosource, a pioneer in the development of advanced lead acid battery technology. They will share equally in ownership of HBTI.
 BDM Technologies President John A. Corsiglia explained that a typical compact EV will require a 20 kw/hour battery pack, while vans require larger battery packs, and motorcycles and very small cars require smaller packs. He said that HBTI has a target of manufacturing 50 battery packs each month for compact EVs by the end of 1993. By late 1994, HBTI is expected to be capable of producing 250 battery packs per month.
 Horizon battery packs are already beginning to be used in testing and evaluation programs by manufacturers preparing to respond to federal and state laws mandating the widespread use of electric vehicles in the coming years.
 HBTI is currently seeking to license other companies and establish joint ventures to manufacture the battery in the United States and in other countries. Negotiations are already underway with several U.S. and international manufacturers.
 As a partner in HBTI, BDM's role is to design advanced manufacturing systems and integrate the plants that will produce the Horizon battery. In addition, BDM will provide marketing support and help negotiate joint venture arrangements on a worldwide basis.
 For its part, Electrosource will provide research and development services aimed at further improving the Horizon battery. Electrosource developed the technology on which the Horizon is based using funds raised as a public company. In addition, the Horizon development program was supported by the Electric Power Research Institute (EPRI), the research and development organization of the U.S. electric utility industry.
 According to Electrosource CEO Benny Jay, the Horizon battery represents one of the most effective and promising technologies currently available. Jay explained that the Horizon battery:
 -- Has the greatest peak power of any known EV battery candidate: over 550 watts/kilogram;
 -- Can travel more than 100 miles (in EV usage) between charges;
 -- Can be recharged 50 percent in 8 minutes and 99 percent in half an hour;
 -- Can sustain more than 900 charge/recharge cycles, which, according to tests, means the battery will last approximately 80,000 miles;
 -- Has a significantly higher storage capacity to weight ratio than previous batteries and delivers more than 52 watt-hours per kilogram specific energy; and
 -- Can be manufactured for significantly less than other advanced batteries (such as nickel iron batteries) and potentially for even less than traditionally designed lead acid batteries.
 The Horizon advantages come from its use of a grid woven from lead wire co-extruded onto a fiberglass core. This material, along with the horizontal layout of the battery's electrical plates, makes the Horizon lighter, stronger and able to withstand more charge/discharge cycles than traditional lead acid batteries.
 Corsiglia said, "Reaction to the Horizon battery in the U.S., Europe and the Pacific Rim has been outstanding. We believe the Horizon battery will be the power source of choice for many of the electric vehicles of the future."
 "As its benefits and advantages become better known," he continued, "BDM is looking forward to utilizing our substantial experience in designing and installing advanced manufacturing systems to assist companies here and abroad to develop modern facilities to produce Horizon batteries."
 BDM Technologies, Inc., headquartered in McLean (metropolitan Washington), provides scientific, engineering and technical services to private sector and international clients and state and local government agencies in advanced manufacturing technology, distribution systems, information management, office automation, human resource management and delivery, transportation and other areas. The parent company, BDM International, Inc., has approximately 4,600 employees and operates in more than 60 worldwide locations.
 Electrosource is a publicly owned research and development company headquartered in Austin, Texas.
 -0- 6/2/93
 /CONTACT: David Swanston for BDM Technologies, 703-734-3300/
 (ELSI)


CO: BDM Technologies, Inc.; Electrosource, Inc. ST: Virginia, Texas IN: AUT CPR SU: PDT

DC-KD -- DC010 -- 4381 06/02/93 10:26 EDT
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Date:Jun 2, 1993
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