For further information contact:
Peter C. Dent, Electron Energy Corporation
717.898.2294
pcd@electronenergy.com

Dan Fura, Reese
dan@reeseadv.com
610.378.1835

FOR IMMEDIATE RELEASE
PHOTOS AND CAPTIONS

Five Promoted at Electron Energy Corporation

Landisville, PA, May 14, 2008 — Electron Energy Corporation (EEC), one of the world’s foremost producers of rare earth magnets and magnet assemblies for critical applications, announced the promotion of five employees. EEC President, Michael H. Walmer, made the announcement.

Peter Dent was appointed Vice President of Business Development. Kathy Hambleton was named Vice President of Finance. Steve Hawthorne was promoted to Vice President of Manufacturing. Jinfang Liu was named Vice President of Technology and Engineering. And Bob Zook was promotedto Director of Quality.

Dent joined EEC in 2003 as Director of Sales and Marketing. In his new position, he will be responsible for managing the company’s inside and outside sales teams and meeting corporate growth objectives. Dent earned his bachelor’s degree in Chemical Engineering from Lehigh University and has over 25 years of experience in engineering, sales and marketing. Prior to joining EEC, he spent four years as president and CEO of Leonardo Da Vinci's Horse, Inc.,

Allentown, PA. Previously, he worked as an engineer at Air Products & Chemicals, Allentown, PA, and was national sales manager for Lakeshore Cryotronics, Westerville, OH. He lives in Allentown.

Hambleton has led the EEC finance group since 1988 and served as manager of accounting and corporate treasurer. As Vice President of Finance, she will be responsible for all financial functions, including budgeting, forecasting, financial analysis, accounts payable, accounts receivable, strategic planning, and financial policies and procedures. She earned a bachelor’s degree from Elizabethtown College and an MBA from Lebanon Valley College. Kathy is a member of the Vistage Key Executive Group 959. She resides in Lebanon, PA.

Hawthorne, who has been with EEC since 1972, has supervised several manufacturing departments as Director of Operations. In his new role, he will lead production activities in five major production areas: Powder, Press, Sinter, Machine and TWT Adjusting. He also will be responsible for balancing capacity with demand and meeting commitments to customers in the areas of quality and production performance. Steve is a member of the Vistage Key Executive Group 936. He is a resident of Mount Joy, PA.

Liu will be responsible for maintaining EEC’s technical superiority in three areas: production processes, design and technical support for customers, and new product development. He has expertise in high-performance magnet materials, including Nd-Fe-B sintered and bonded magnets, Sm-Co magnets and nano-composite magnets. He serves as the principal investigator for a number of programs funded by the Air Force, Army, Navy, NASA, DARPA, DoE and NSF. As Director of Technology at EEC for the past five years, Liu has completed many industrially-funded projects for aerospace customers.

He earned his B.S. in Materials Science and Engineering from Hebei University of Technology, an M.S. in Materials Science and Engineering from Harbin University of Technology, and a Ph.D. in Solid State Physics from the Institute of Physics, Chinese Academy of Sciences, China. He has over 20 years of research experience in the field of rare earth permanent magnets and systems. Liu is a resident of West Hempfield Township, Lancaster, PA.

Zook will be responsible for implementing a quality program that supports performance goals and maintains the company’s position as the dominant producer of quality rare earth magnet products and services. He has 27 years of experience in process engineering and plant management. Prior to joining EEC, he was a consultant providing services in all areas of management including QA, MRP and productivity improvement. He earned a B.S. in Ceramic Science and an M.S. in Counseling Education from the Pennsylvania State University, and has done graduate work for an MBA at the University of Houston in Texas. Bob lives in Hershey, PA.

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As a fully integrated US supplier, founded in 1970, Electron Energy Corporation (EEC) develops, produces and markets custom Samarium Cobalt and Neodymium-Iron-Boron (NdFeB) sintered and bonded permanent magnets, materials and assemblies. EEC is dedicated to improving rare-earth permanent magnet performance to meet the most technically demanding applications in aerospace, military, medical, electronics, instrumentation, and motion control markets. Our depth of understanding of customers’ needs, technical prowess, and ability to precisely control material compositions, allow us to partner with our customers as a virtual “in-house” source of magnet technology. Learn more by visiting www.electronenergy.com

Peter Dent

Kathy Hambleton

Steve Hawthorne

Jinfang Liu

Bob Zook