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Article Excerpt
Indiana Senator's Proposal Will Create U.S. Jobs, Boost Competitiveness
Hoosier State Strives to Become 'Silicon Valley' of Auto-tech
INDIANAPOLIS, Dec. 19 /PRNewswire-FirstCall/ -- A new plan proposed this week by Indiana Senator Evan Bayh involving $1.6 billion in federal grants to accelerate growth of America's advanced hybrid-electric and electric car industry is crucial for American competitiveness in automotive and high-tech manufacturing, Charles Gassenheimer, Chairman and CEO of Ener1, Inc. , said today. Ener1's Indianapolis subsidiary EnerDel is the first company able to produce automotive lithium-ion batteries on a commercial scale in the U.S.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080312/CLW018LOGO )
Gassenheimer stood with the Senator for a press conference today at the Indianapolis Motor Speedway.
"Senator Bayh's plan could not come at a more critical time," commented Gassenheimer. "We think it will pay for itself many times over," Gassenheimer said, comparing advances in the rapidly emerging sector to the birth of America's Silicon Valley computing industry. "This is a high-tech, high-growth, high-value industry, invented right here in America, and Indiana is at the center of it. The priority now...
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