Electro Energy (EEEI) to Suspend Operations
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Electro Energy Inc. (Nasdaq: EEEI) has nearly depleted its cash reserves and has been unable to raise additional capital. Consequently, the Company and its subsidiaries will suspend operations immediately.
Electro Energy Inc., headquartered in Danbury, Connecticut, was founded in 1992 to develop, manufacture and commercialize high-powered, rechargeable bipolar wafer cell nickel-metal hydride batteries for use in a wide range of applications.[SM]
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