Electric Fuel Announces New INSTANT POWER(TM) Chargers For Audiovox, Sharp and Toshiba PDAs

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Electric Fuel Announces New INSTANT POWER(TM) Chargers For Audiovox, Sharp and Toshiba PDAs LAS VEGAS, Jan. 9 /PRNewswire-FirstCall/ — Electric Fuel Corporation (Nasdaq: EFCX – news) today announced the introduction of 3 new INSTANT POWER(TM) PDA chargers, for the Audiovox Maestro, the Sharp Zaurus and the Toshiba Genio. The new models will be available in February. The new models join an extensive line-up of INSTANT POWER PDA chargers, which are compatible with Palm OS PDAs from Palm, Handspring, IBM and Sony, and with Pocket PC PDAs from Compaq, HP and Casio. INSTANT POWER Chargers allows users to power their PDA’s without the need of an electrical outlet — which is especially important when on the move — and to simultaneously keep working while charging even if their battery is dead. The pocket-sized charger weighs less than three ounces and plugs directly into the PDA, allowing it to be used anywhere an electrical outlet is not readily available. Most INSTANT POWER Chargers provide up to three charges. Electric Fuel is introducing the new INSTANT POWER chargers at the Consumer Electronics Show in Las Vegas this week, where the Company is exhibiting the full range of INSTANT POWER batteries, chargers and accessories (Booth 13729). About Electric Fuel 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. Electric Fuel’s Instant Power batteries and chargers are based on the Company’s patented, cutting-edge Zinc-Air fuel cell technology, and are on sale at retail outlets throughout the United States, Canada, Europe and Israel. The company has corporate and sales offices in New York and London, England, and manufacturing and R&D facilities in Israel and Alabama. All brand names mentioned in this release are trademarks or registered trademarks of their respective owners. Except for the historical information herein, the matters discussed in this news release include forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties that may cause actual results to vary significantly. These risks and uncertainties include, but are not limited to, risks relating to: product and technology development; the uncertainty of the market for Electric Fuel’s products; market acceptance of new products and continuing product demand; the ability to manage growth and ramp-up production effectively as needed; the impact of competitive products and pricing on Electric Fuel’s products and markets; changing economic conditions; delay, cancellation or non-renewal of purchase orders; significant future capital requirements; and other risk factors detailed in Electric Fuel’s most recent annual report on Form 10-K for the fiscal year ended December 31, 2000, and other filings with the Securities and Exchange Commission. Electric Fuel assumes no obligation to update the information in this release. Reference to the Company’s website above does not constitute incorporation of any of the information thereon into this press release. SOURCE: Electric Fuel Corporation

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