ECD Ovonics President, Chief Scientist and Technologist Awarded The 2005 Innovation Award for Energy and the Environment by The
16 11월 2005 - 1:03AM
PR Newswire (US)
The Award Honors Ovshinsky for His Pioneering Work in and
Development of the High-Powered NiMH Battery ROCHESTER HILLS,
Mich., Nov. 15 /PRNewswire-FirstCall/ -- Energy Conversion Devices,
Inc. (ECD Ovonics) (NASDAQ:ENER) today announced that Stanford R.
Ovshinsky, president, chief scientist and technologist of ECD
Ovonics, was awarded the 2005 Innovation Award for Energy and the
Environment by The Economist for his pioneering work in and the
development of the high- powered NiMH battery technology. The
Economist's Innovation Award celebrates the global achievements and
innovations of individuals who have positively transformed global
business. The 2005 Innovation Award for Energy and the Environment
was presented at The Economist's 4th Annual Innovation Summit and
Awards in London on Monday evening, November 14. Mr. Ovshinsky was
one of seven leaders and innovators who were honored for
"transforming the businesses, industries and markets in which they
work." "It is a distinct honor to be recognized by The Economist.
We are very pleased that our Ovonic NiMH battery is the enabling
technology for electric drive vehicles, such as hybrid electric
vehicles, being introduced in ever- increasing volume by auto
manufacturers worldwide," said Stan Ovshinsky. "The entire ECD
Ovonics organization is proud of the recognition Stan has received
from The Economist for the Ovonic NiMH battery," said Robert C.
Stempel, chairman and CEO of ECD Ovonics. "Over the years, Stan has
built an innovative team offering solutions to many global problems
such as air pollution, climate change gases and renewable
alternatives to oil-based energy." Mr. Ovshinsky pioneered the
fundamentally new science of amorphous and disordered materials. In
1960, Stan and Iris Ovshinsky established ECD Ovonics to use
science and technology based on his discoveries to solve
fundamental societal problems by offering innovative solutions that
can build new basic industries. Stan and Iris' original vision is
becoming a reality. New industries, in addition to Ovonic NiMH
batteries, include unique thin-film photovoltaics, optical media
and electronic memories, as well as the basic groundwork for the
coming hydrogen economy, have been realized as a result of Stan's
inventions. About ECD Ovonics: ECD Ovonics is the leader in the
synthesis of new materials and the development of advanced
production technology and innovative products. It has invented,
pioneered and developed its proprietary, enabling technologies in
the fields of energy and information leading to new products and
production processes based on amorphous, disordered and related
materials. ECD Ovonics' proprietary advanced information
technologies include Ovonic phase-change electrical memory, Ovonic
phase-change optical memory and the Ovonic Threshold Switch. The
Company's portfolio of alternative energy solutions includes Ovonic
thin-film amorphous solar cells, modules, panels and systems for
generating solar electric power; Ovonic NiMH batteries; Ovonic
hydride storage materials capable of storing hydrogen in the solid
state for use as a feedstock for fuel cells or internal combustion
engines or as an enhancement or replacement for any type of
hydrocarbon fuel; and Ovonic fuel cell technology. ECD Ovonics
designs and builds manufacturing machinery that incorporates its
proprietary production processes, maintains ongoing research and
development programs to continually improve its products and
develops new applications for its technologies. ECD Ovonics holds
the basic patents in its fields. More information on ECD Ovonics is
available on http://www.ovonic.com/ . This release may contain
forward-looking statements within the meaning of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements are based on assumptions which ECD,
as of the date of this release, believes to be reasonable and
appropriate. ECD cautions, however, that the actual facts and
conditions that may exist in the future could vary materially from
the assumed facts and conditions upon which such forward-looking
statements are based. DATASOURCE: Energy Conversion Devices, Inc.
CONTACT: Ghazaleh Koefod, Investor Relations, or Dick Thompson,
Media Relations of Energy Conversion Devices, Inc., +1-248-293-0440
Web site: http://www.ovonic.com/
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