Underwriters Laboratories Assists Better Place with Safety Compliance Needed to Bring Highly Visible Electric Taxi Project to Japan

NORTHBROOK, Illinois, March 11, 2010 - Underwriters Laboratories (UL), a global leader in product safety testing
and certification services, worked with Better Place, the leading electric
vehicle services provider, to address the necessary safety requirements
needed to help the company bring the world's first electric taxis with
switchable batteries to Japan.

By leveraging its existing knowledge and presence in the local market, UL
helped the taxi project's battery supplier, A123 Systems, prove that the
switchable Nanophosphate(TM) lithium-ion batteries, proposed for this
project, comply with the safety requirements needed for Better Place's
battery switch stations. UL's knowledgeable, professional support resulted in
electrolyte and other battery classifications.

"UL enabled the process to analyze and classify that the lithium-ion
batteries for this highly visible taxi project met safety requirements," says
Kiyotaka Fujii, president of Better Place Japan and head of business
development, Asia-Pacific. "UL's unparalleled expertise, worldwide network of
engineers and timely technical assistance were instrumental in bringing
together both the public and private sectors and helping assure the relevant
authorities that our project met established requirements for safety."

Applying more than a century of experience in safety testing and
certification, UL supports the advancement of the EV industry by developing
safety standards for batteries and infrastructure components and working with
regulatory authorities to identify and address safety and environmental
concerns.

"Industry analysts forecast that in 2020, approximately 14 million
electric vehicles will be sold in China, Japan, the United States and Western
Europe[1]," said Jeff Smidt, UL's vice president for global energy. "When new
technologies rapidly gain market share, it is important to address potential
fire, electric shock and other safety hazards that otherwise may be
overlooked. UL is working with government regulators, infrastructure
developers and manufacturers to make sure that safety is an important
consideration wherever electric vehicles are used."

UL offers a wide range of services globally for different types of
battery chemistries ranging from lithium-ion to lead-acid, nickel-metal
hydride and nickel-cadmium. As the leading developer of safety standards for
electric vehicles, including those related to electric car batteries, UL
involves various stakeholders in developing safety requirements for electric
vehicles and charging systems to protect consumers and support more
sustainable transportation options around the world.

About Underwriters Laboratories

UL is an independent product safety certification organization that has
been testing products and writing Standards for Safety for more than a
century. UL evaluates more than 19,000 types of products, components,
materials and systems from more than 66,000 manufacturers each year. In
total, there are more than 20 billion UL Marks appearing on products
worldwide. UL's global family of companies and network of service providers
includes 68 laboratory, testing and certification facilities serving
customers in 102 countries. For more information, visit:
www.ul.com/newsroom

About Better Place

Better Place, the leading electric vehicle services provider, is
accelerating the global transition to sustainable transportation. Better
Place is building the infrastructure and intelligent network to deliver a
range of services to drivers, enable widespread adoption of electric
vehicles, and optimize energy use. The Better Place network addresses
historical limitations to adoption by providing unlimited driving range in a
convenient and accessible manner. The company works with all parts of the
transportation ecosystem, including automakers, battery suppliers, energy
companies, and the public sector, to create a compelling solution. Based in
California and privately held, Better Place has operating companies in
Israel, Denmark, and Australia. More information is available at
www.betterplace.com.

(1) Batteries for Electric Cars: Challenges, Opportunities and the
Outlook to 2020. The Boston Consulting Group, January 2010.

Katya Chistik Hantel of GolinHarris for UL, +1-312-729-4219, khantel at golinharris.com, or Yassie S. Dunn, Underwriters Laboratories, +1-847-664-3056, Yassie.Dunn at us.ul.com