ECD Ovonics' Battery Subsidiary Grants Patent License to L&K Battery Technology of China
26 5월 2006 - 12:16AM
PR Newswire (US)
ROCHESTER HILLS, Mich., May 25 /PRNewswire-FirstCall/ -- Energy
Conversion Devices, Inc. (ECD Ovonics) (NASDAQ:ENER) announced
today that its subsidiary, Ovonic Battery Company, Inc. (Ovonic
Battery), has entered into a patent license agreement in connection
with its proprietary nickel metal hydride (NiMH) battery technology
with L&K Battery Technology Co., Ltd. (L&K Battery) of the
People's Republic of China. Under the consumer battery license
grant, L&K Battery has a royalty-bearing, nonexclusive right to
make, use and sell NiMH batteries for consumer nonpropulsion
applications. In a statement, Stanford R. Ovshinsky, ECD Ovonics
President and Chief Scientist and Technologist and CEO of Ovonic
Battery, said, "We welcome L&K Battery as a licensee of our
Ovonic NiMH battery technology. We have long recognized the
strategic importance of a strong license network within the
People's Republic of China. L&K Battery's decision to become an
Ovonic licensee is a reflection not only of our very strong patent
position, but also of a long-time positive relationship with China.
We look forward to a lasting cooperation between our companies."
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. 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' proprietary advanced
information technologies include Ovonic phase-change electrical
memory, Ovonic phase-change optical memory and the Ovonic Threshold
Switch. 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 found on http://www.ovonic.com/ . About L&K
Battery L&K Battery was founded in 2000 and its factory is
located in the Guangdong Province, China. L&K Battery produces
batteries of multiple chemistries and manufactures a wide range of
NiMH products for portable electronic devices. L&K Battery's
website is http://www.lkbattery.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
Ovonics, as of the date of this release, believes to be reasonable
and appropriate. ECD Ovonics 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. The risk factors identified
in the ECD Ovonics filings with the Securities and Exchange
Commission, including its automatic shelf registration statement
and related preliminary prospectus supplement, the company's most
recent Annual Report on Form 10-K and the company's most recent
Quarterly Report on Form 10- Q could impact any forward-looking
statements contained in this release. DATASOURCE: Energy Conversion
Devices, Inc. CONTACT: Ghazaleh Koefod of Energy Conversion
Devices, Inc., +1-248-293-0440 Web site: http://www.ovonic.com/
http://www.lkbattery.com/
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