Boston-Power Announces Plans to Build One of the World`s Most Advanced Lithium-ion Battery Manufacturing Plants in Massachusetts

Governor Patrick, Congressman McGovern and Other Top Officials Pledge Support
for Plan to Fuel Creation of 600 New Green Jobs

Boston-Power Pursuing Approximately $100 Million in Federal Funds

State-of-the-Art Facility in Auburn, Massachusetts Would Enable Award-Winning
Company to Meet Demand for Eco-certified Lithium-ion Batteries for Plug-in
Hybrid and Battery Electric Vehicles, Notebook PCs and National Security
Applications
WESTBOROUGH, Mass. & AUBURN, Mass.--(Business Wire)--
Underscoring its commitment to bringing manufacturing jobs to the United States,
Boston-Power, Inc., today announced that the company is working to build one of
the world`s most advanced battery manufacturing facilities in Auburn,
Massachusetts. Boston-Power is widely recognized for providing the
longest-lasting, fastest-charging, most environmentally sustainable and safest
lithium-ion battery technology platform available.

The announcement will be celebrated at a 12:00 p.m. ceremony featuring
Massachusetts Governor Deval Patrick, Congressman Jim McGovern, Lieutenant
Governor Tim Murray, Secretary of Energy and Environmental Affairs Ian Bowles,
Boston-Power Founder & CEO Dr. Christina Lampe-Onnerud, a host of state and
local officials, and members of the clean tech and business communities. Members
of the press are invited to join the event to be held at 26 Millbury St.,
Auburn, Mass. For questions please contact Randy Wambold/CHEN PR at
rwambold@chenpr.com or by mobile phone at 617/943-6476.

Extending the world-class mass manufacturing capabilities Boston-Power already
operates in Greater China, the 455,000 square foot Auburn facility would add 600
new jobs at Boston-Power and as many as 2,000 more indirectly through the
extended supply chain.

An award-winning provider of next-generation lithium-ion battery cells to
market-leading companies, Boston-Power will also today provide a `first look` at
Swing, the company`s product for Plug-in Hybrid and Battery Electric Vehicles
(PHEV/BEV). The only eco-certified battery of its kind, Swing is poised to drive
the adoption of PHEVs and BEVs by establishing new benchmarks in energy density,
long life, safety, weight, cost and environmental sustainability. More details
about Swing will be made available in the coming weeks.

"Our goal is to make Massachusetts a manufacturing hub for the advanced
batteries that will power the nation`s clean energy future, and Boston-Power`s
plan to create this facility in Auburn is a big step toward that goal," said
Governor Deval Patrick. "We look forward to working with the company and our
colleagues in the Congressional delegation to make this happen."

"Boston-Power`s batteries would join a long list of world-class goods that have
been manufactured in Central Massachusetts," said Congressman Jim McGovern.
"I`ve met with Dr. Christina Lampe-Onnerud and her team on many occasions during
the past few years. I was pleased to cut the ribbon when they expanded their
headquarters and R&D labs in Westborough last fall. I`m excited to see the
company make yet another long-term commitment to our area."

"The race is on to capture the enormous economic and environmental benefits of
clean energy, and Massachusetts is in the lead," said Secretary Bowles.
"Advanced battery technology has a key role to play, and I applaud
Boston-Power`s commitment to making its products here in the Bay State."

Enabling energy storage to continue to flourish in Massachusetts, state
officials are working closely with Boston-Power to pursue state and federal
financial incentives that will help the company to fulfill its plans of building
the Auburn facility. With support from Massachusetts officials, Boston-Power is
seeking approximately $100 million under the U.S. Department of Energy`s
advanced battery and cell manufacturing grant program established as a part of
the American Recovery and Reinvestment Act. The company is also pursuing funds
through a proposed program allocation in the FY10 federal budget under the
Defense Production Act, which encourages the building of manufacturing
facilities in the United States that are important for national security
reasons. Currently, nearly all lithium-ion batteries in the world are
manufactured in Asia. The Commonwealth will offer up to $9 million in matching
financing to support the company`s planned manufacturing operation in Auburn.

Boston-Power selected the Auburn site based on proximity to its headquarters.
This affords synergies between the company`s R&D and manufacturing teams while
minimizing shipping and related employee productivity and efficiency costs.
Moreover, since it is based near Boston, the location provides ready access to
internationally recognized colleges and universities, unparalleled innovation, a
large and diversified workforce and an established business infrastructure.

"Under the insightful direction of Governor Patrick, Congressman McGovern,
Secretary Bowles and many others, Massachusetts continues to strengthen its lead
in fostering clean technology business that emphasizes a commitment to
environmental sustainability," said Boston-Power Founder and CEO Dr. Christina
Lampe-Onnerud. "Boston-Power is thankful for the tremendous interest we`ve
received from other states. We carefully considered options to build this
manufacturing facility in other locations around the country and the world. We
chose Massachusetts as our headquarters location in 2005 and we look forward to
establishing a high quality manufacturing facility here."

Among the world`s most closely watched portable power companies, Boston-Power in
March established itself as the first U.S.-based firm ever to provide battery
technology to a Tier One notebook PC vendor. The result of a three-year
relationship with HP that involved the industry`s most extensive testing and
audit processes, Boston-Power`s Sonata battery cells serve as the foundation for
a new `green` battery HP has branded the Enviro Series of Notebook Batteries.
This represents the first time HP, the number one global provider of notebook
PCs, has established a brand around battery technology. The Enviro Series is
compatible with more than 70 percent of HP`s consumer models.

Boston-Power`s strategy from the outset has been to take a `whole-system`
approach to developing and commercializing its uniquely differentiated,
patent-pending technology. This strategy gives multiple markets the benefit of
Boston-Power`s core technology, enabling companies in these markets to tune the
technology to meet specific application requirements. The fact that Boston-Power
is in mass production with Sonata, already manufacturing millions of cells,
expedites the availability of Swing - while capitalizing on the same
state-of-the-art manufacturing equipment as well as best-in-class shop floor and
quality control systems, integrated supply chain, Six Sigma methods and other
key processes.

In addition to applicable U.S. certifications, Boston-Power`s products are the
first and only rechargeable lithium-ion battery cells to earn the Nordic
Ecolabel, the world`s most rigorous environmental sustainability certifying
process. The company`s lithium-ion cells have also been awarded a similar
world`s-first designation from the China Environmental United Certification
Center.

About Boston-Power

Boston-Power, Inc. is an award-winning provider of next-generation lithium-ion
battery technology. Designed to fuel a wide range of applications, its flagship
offering, Sonata, serves as the foundation for HP`s new brand of eco-certified
notebook computer batteries - the Enviro Series. The company`s Swing product
delivers unmatched capabilities for plug-in hybrid and battery electric vehicles
(PHEV/EV). Founded in 2005 and with more than 60 patents filed, Boston-Power is
led by Founder and CEO Dr. Christina Lampe-Onnerud, an internationally
recognized innovator, entrepreneur and technology advisor with regard to
portable power, energy storage and climate change. To date, the company has
raised $125 million in venture funding from Foundation Asset Management, Oak
Investment Partners, Venrock, GGV Capital and Gabriel Venture Partners.
Boston-Power is headquartered in Westborough, Massachusetts, has Six Sigma-level
mass manufacturing operations in Asia and is seeking to establish manufacturing
capabilities in Massachusetts.

"Boston-Power", "Sonata" and Swing are trademarks of Boston-Power, Inc. Other
brand names or product names are trademarks or registered trademarks of their
respective owners.

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CHEN PR for Boston-Power
Chris Carleton
mobile: 857-891-2989
ccarleton@chenpr.com
or
Meghan Locke
mobile: 413-627-5335
mlocke@chenpr.com

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