Cobasys Holds Dedication for Advanced Battery Technology Facility in Orion, Michigan
18 5월 2005 - 11:14PM
PR Newswire (US)
Cobasys Holds Dedication for Advanced Battery Technology Facility
in Orion, Michigan * Company has doubled Michigan employment since
2003 and anticipates 25 percent hike by end of 2006 * Governor
Granholm to address impact of her economic initiatives on Michigan
economy ORION, Mich., May 18 /PRNewswire-FirstCall/ -- Cobasys, a
leader in advanced Nickel Metal Hydride (NiMH) battery technology,
today announced the grand opening of its new 84,000 square-foot
headquarters in Orion, Michigan. The engineering, development,
administrative, sales and marketing facility currently houses 175
of the company's 220 employees, and is expanding to accommodate
anticipated employment growth of an additional 25 percent through
2006. Speakers at the Grand Opening Dedication include: * The
Honorable Jennifer M. Granholm, Governor, State of Michigan * L.
Brooks Patterson, Oakland County Executive * Thomas S. Neslage,
President and Chief Executive Officer of Cobasys * Gregory M.
Vesey, President of ChevronTexaco Technology Ventures * Robert C.
Stempel, Chairman of Energy Conversion Devices "The need to move
toward alternative power systems is driving our sales and
employment growth," said Thomas Neslage, President and Chief
Executive Officer. Prior to the opening of its Orion headquarters,
Cobasys was located in three facilities in Troy, Michigan. "By
consolidating our product development, systems engineering, and
testing under one roof, we are able to leverage our resources to
further develop and advance the commercialization of NiMH battery
energy storage systems," Neslage added. "Our focus is on high-
volume hybrid automotive, heavy-truck and 42-volt transportation
applications and for advanced stationary backup systems, including
defense and homeland security." Governor Jennifer Granholm said,
"Cobasys exemplifies Michigan's transition toward a high-tech
economy that will be competitive in the 21st century global
economy. Cobasys' decision to consolidate and grow here is a
testament to Michigan's growing leadership in alternative energy
technology development." The company also has a new
170,000-square-foot manufacturing facility in Springboro, Ohio
(near Dayton), where it produces advanced NiMH battery system
solutions for transportation markets, including Hybrid Electric
Vehicles (HEV), Electric Vehicles (EV) and 42-volt applications, as
well as stationary back-up power supply systems for Uninterruptible
Power Supply systems (UPS) and Telecom and Distributed Generation
(DG) requirements. Cobasys is a joint venture between Chevron
Technology Ventures, an operating unit of Chevron Corporation
(NYSE:CVX) and Energy Conservation Devices, Inc. (NASDAQ:ENER). For
more information about Cobasys, contact Ray Wagner, Vice President
of Marketing and Communications or visit us at
http://www.cobasys.com/ . DATASOURCE: Cobasys CONTACT: Ray Wagner,
Vice President of Marketing and Communications of Cobasys,
+1-248-620-5700 Web site: http://www.cobasys.com/
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