Electro Energy pays interest in stock for $11 million in convertible notes

By Sheri Kasprzak

New York, March 12 - Electro Energy, Inc. paid semiannual and additional interest on $11 million in 8.5% senior secured convertible notes in stock.

The company issued 765,769 common shares to pay the interest on the notes, which were issued in March 2006.

Based in Danbury, Conn., Electro Energy develops hybrid battery technologies.

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