Preview

Ener1 Case Study

Powerful Essays
Open Document
Open Document
1140 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ener1 Case Study
Ener1 Background and History (as discussed in Ener1’s 2010 Form 10-K (10-K) unless otherwise noted):

Founded in Florida in 1985, Ener1, Inc. (“Ener1”) was headquartered in New York, New York with offices in Indiana and Florida in 2010 and 2011. Ener1 was involved in the research and development of lithium-ion batteries with a primary focus on batteries for hybrid electric vehicles (“HEV”), electric vehicles (“EV”) and plug-in hybrid electric vehicles (“PHEV”). Leading up to 2010, Ener1 was involved in several acquisitions, including the majority interest in Delphi Corporation (“Delphi”) in Indianapolis, Indiana in 2004 and Enertech International, Inc. in Korea in 2009 which expanded Ener1’s production capabilities. (Ener1 Inc., 2010)

In August 2009, Ener1 was awarded a grant of $118.5 million from the U.S. Department of Energy (“DOE”) for equipment purchases with the caveat that for each dollar reimbursed with grant funds, Ener1 had to match it with its own funds. This grant was awarded to assist with the acquisition of plant and equipment to expand Ener1’s production capabilities. Additionally, Ener1 applied for a long-term loan under the “Advanced Technology Vehicle Manufacturing Incentives Program” through the DOE. This loan would require Ener1 to expend $0.20 of its own money for every $0.80 spent from the loan proceeds. As of the filing of Ener1’s 2010 Form 10-K, the loan had not
…show more content…
Ener1 noted Think Global had already been through three separate insolvency proceedings, including in 2009. After the 2009 proceedings, Charles L. Gassenheimer (“Gassenheimer”), Ener1’s Chief Executive Officer, became a Think Director and subsequently Think’s Board Chairman in 2010. (SEC, p.

You May Also Find These Documents Helpful

  • Powerful Essays

    To get over the fiscal requirements to launch the company, the financial institution has consented to lend us $1,086,742.30 to start up the factory at a 5.50% rate of interest for the following 5 years. It has additionally been agreed to fund all of the trucks that has been authorized for $310,000 having a 6.15% rate of interest for 5 years.…

    • 2333 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    EHR Case Study Essay

    • 820 Words
    • 4 Pages

    Electronic health records (EHR) are being applied in healthcare systems for the dual purpose of improving healthcare quality and decreasing operating costs. More than 50% of doctors and other eligible providers have received Medicare or Medicaid incentive payments for implementation of EHRs and over 80% of hospitals successfully incorporated the EHR by the end of 2013 thus getting incentive payments (Business Wire, 2013). Emergency departments are faced with problems such as overcrowding, job stress, skeleton crews and work flow interruptions. The main concern for introducing the EHR is if it will improve…

    • 820 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Gm Volt Essay

    • 3721 Words
    • 15 Pages

    Electric vehicles are going to be the dominant automotive technology of the future so we expect to take a strong leadership position in this leasing electric technology.…

    • 3721 Words
    • 15 Pages
    Best Essays
  • Satisfactory Essays

    Hi Ionel Case Study

    • 291 Words
    • 2 Pages

    In interacting with your discussion I realized that some of the health factors that interfered with medication adherence in my experience, is the stress of health care visits with some patients, in some instant it is because, they don't have the mean to get to the provider office and have to use public transportation that add to a very stressful situation. Other time is because, some feel discomfort in asking providers questions, because these are in a rush to speak with patient that they in turn sometimes can remember what they really want to ask about the medication so this get in the way of patient belief or understanding.…

    • 291 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    With Solyndra filling for bankruptcy after receiving the $539 million in stimulus money from the DOE it threw up the red flags. What laws if any were broken? According to Rep. Cliff Stearns, R-Fla officials from the Department of Energy and the White House broke the Energy Policy Act of 2005. (Newsmaxs.com, Scicchitano and Martella) The Energy Policy Act of 2005 was passed by the 109th Congress and signed into law by President George W. Bush on August 8th 2005. (doi.net) The part of the Energy…

    • 1629 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Emtala Case Study

    • 924 Words
    • 4 Pages

    To discuss the scenario presented regarding EMTALA, I thought a definition of EMTALA would be a good starting point. According to Oachs and Watters, EMTALA is an acronym for the Emergency Medical Treatment and Labor Act, enacted in 1986 by congress as part of the Consolidated Omnibus Budget Reconciliation Act (COBRA), and is also known as the patient antidumping statute (Oachs and Watters, 2016). In our readings, it is discussed that the main reason for EMTALA, by Congress, was to ensure public access to emergency medical services regardless of ability to pay. Section 1867 of the Social Security Act imposes specific obligations on Medicare-participating hospitals that offer emergency services…

    • 924 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Final Project EN3220

    • 2234 Words
    • 7 Pages

    Methamphetamines (Meth) cause a wide array of problems with its users, a lot of which are permanent. Meth’s affects range from neurological issues, alertness, paranoia, and aggression. It also leads to psychological and physical disorders. Because Meth is a stimulant, it can cause the user to be up for days and even weeks at a time causing stress to the body and can result in over exerting oneself and inevitably something will give. Personal problems from users will be talked about, as well as scientific studies on the Meth epidemic.…

    • 2234 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Medical Emr Case Study

    • 190 Words
    • 1 Page

    Satava, et al. (1994, July) tells us the increasing use of robotics, computers, and virtual reality depend upon this technology to create a "user-friendly" environment. With that being said there are so many computer programs out there that are amazing and make our lives so much better. But, there are also some that can at times drive us nuts. The one I feel could use improvement is the ability to copy and paste from PDF files into my medical EMRS. As a case manager and utilization review nurse for years, there have been hundreds of times I wish I could copy text from PDFs into my EMR's. Very often we have to quote providers verbatim to justify approval, denials or to document diagnostic results. At times I have had to type out 2-3 paragraphs,…

    • 190 Words
    • 1 Page
    Good Essays
  • Good Essays

    Energizer. Back in 1996 both companies were competing to be No. 2 in a 1.8 billion dollar market. And Energizer took the lead by “introducing the category’s first on-battery tester” (Pruzan, 1996). “Duracell’s thermal “window” readout displays the remaining amount of energy; Energizer indicates only that the battery is still “good” until its gone bad” (Pruzan, 1996). This makes Duracell the better contender since it is more high tech than Energizers battery. Also as Energizer puts out three new battery sizes and one to follow in 1997 Duracell only put out…

    • 600 Words
    • 3 Pages
    Good Essays
  • Best Essays

    EISI Case Study

    • 1988 Words
    • 8 Pages

    Due to the fact that human beings lives consist of ups and downs, every single person has to deal with personal problems once in a while. These daily problems affect people´s lives in every facet of it: family life, partnership and certainly their employment. Due to the fact that our society is extremely fast moving these days, many people are barely able to handle all the tasks they have to fulfill every day. They do not only have to function in their jobs they also have to comply some other duties just as being a good husband, father or friend. This all ends up in the fact that today many people run out of margin in their lives. They usually have nobody to turn to during their hard times in live. (Steve Cook, 2009) Consequently more and more companies want to put things right by implementing a “Chaplain Assistance Program”.…

    • 1988 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Global Electronics Inc.

    • 1429 Words
    • 6 Pages

    Global Electronics, Inc. (GEI), headquartered in Sarasota, Florida, designs, manufactures, and markets discrete power semiconductors and analog, digital, mixed-signal, and radiation-hardened integrated circuits for signal processing and power-control applications. The company employs about 2,300 people at its three U.S. fabrication facilities (located in Huntsville, Alabama; Evansville, Indiana; and Reading, Pennsylvania), and has 4,000 employees at its assembly and test facility in Kuala Lumpur, Malaysia. In 1999, GEI 's profitability came down with operating losses reaching $100 million on sales of approximately $650 million, causing management concern about the accuracy of the company 's standard cost system. There was a feeling that the standard cost system could not truly identify which of the company 's products were profitable and which were not. The lack of an understanding of product profitability, a flawed product mix, and poor marketing and pricing decisions could have contributed to GEI 's financial problems. A combination of internal problems and external threats in an industry characterized by increasing global competition, decreasing product life cycles, product proliferation, and exploding technological capability led to a shake-up of the company 's top management in February 2000. As part of the shake-up, GEI installed a new president, Mike Alberts, and a new controller, Steve Shannon, for the express purpose of strengthening the company 's position in the market and improving its financial performance.…

    • 1429 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Essure Case Study

    • 428 Words
    • 2 Pages

    The Essure is non surgical birth control device for the pregnant women but it lets to major side effect to the women such as back pain, chronic pain Fallopian tubes, puncturing of the uterus and much more. In case any problem on complete taking the treatment of Essure, obsessively, you can file assure lawsuit on the manufactured product and industry. To collect the additional details and supporter just go with the best assure lawyers. Now, the online will support to collect the list of the lawyer, which supports to pick experience to evaluate the legal option with the free of cost. This process never undergoes for the surgical laparoscopic tubal ligation and it was approved…

    • 428 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    EMSE 6035 Case Study 1

    • 663 Words
    • 3 Pages

    1. Describe how the value proposition that Middleby offers to a casual dining chain, like Outback steakhouse, might differ from one that is offered to a fast-food customer, like Papa John’s International.…

    • 663 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Enerflex MEA (Middle East & Africa), is a single source supplier of natural gas compression, processing, and power generation solutions. The corporate headquarters are in Calgary, Alberta, Canada. Our regional head office for Enerflex MEA is located in Abu Dhabi, UAE. Enerflex was established in 1980, by P. John Aldred.…

    • 1508 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    envo project

    • 472 Words
    • 2 Pages

    This report will discuss the guidelines, safety measures and the laws and regulations that have been introduced in the automotive industry, to both employer and employees, in order to minimise the impact on our environment.…

    • 472 Words
    • 2 Pages
    Satisfactory Essays