Cobasys' Continued Growth Spurs Ohio Business Development Grant
22 8월 2006 - 11:06PM
PR Newswire (US)
ORION, Mich., Aug. 22 /PRNewswire/ -- Cobasys, a leading supplier
of advanced Nickel Metal Hydride (NiMH) energy storage solutions,
today confirmed that it has received a $750,000 Business
Development Grant from the Ohio Department of Development (ODOD)
for costs associated with the acquisition of machinery and
equipment at its Springboro, Ohio manufacturing plant. Continuing
demand for its products has necessitated a substantial investment
in Cobasys' manufacturing capabilities and capital equipment. The
state of Ohio, recognizing the growth potential of this emerging
technology, has elected to make an investment in Cobasys' future.
As a leader in the energy storage markets, Cobasys is reaffirming
its commitment to create advanced battery system solutions for
tomorrow's hybrid electric vehicles (HEV) and stationary back-up
power supply applications. "We are currently putting resources in
place to both support and fuel our rapid growth," said Jim Greiwe,
Vice President of Manufacturing and Plant Manager. "By adding
additional machinery and equipment to our plant in Springboro,
Ohio, we are creating an infrastructure that allows us to better
serve our current customers and support our future business plans."
This project is considered to be a catalyst for growth at Cobasys
which expects to create an additional 150 new jobs in Ohio within
the next three years. The company plans to boost sales by targeting
additional stationary emergency back-up power customers and
expanding its transportation customer base. Lt. Governor Bruce
Johnson, who also serves as director of the Ohio Department of
Development, stated, "Ohio remains committed to supporting
companies that are involved in the development and
commercialization of new innovations that will lead us into the
future. I would like to thank Cobasys for its investment in Ohio.
The growth of companies like Cobasys will keep Ohio in the
forefront of new energy technology and demonstrates Ohio's overall
strength in advanced technologies." Cobasys designs and
manufactures integrated energy storage solutions for transportation
markets, including Hybrid Electric Vehicles (HEV), Electric
Vehicles (EV) and 36/42 Volt applications, in addition to
Stationary Back-Up power supply systems for Uninterruptible Power
Supply (UPS), Telecom and Distributed Generation markets. Cobasys
is a joint venture between Chevron Technology Ventures LLC, a
subsidiary of Chevron Corporation (NYSE:CVX) and Energy Conversion
Devices, Inc. (NASDAQ:ENER). For more information about Cobasys,
contact Ray Wagner at 248-620-5700 or visit our website at
http://www.cobasys.com/. DATASOURCE: Cobasys CONTACT: Ray Wagner of
Cobasys, +1-248-620-5700 Web site: http://www.cobasys.com/
Copyright
Accretion Acquisition (NASDAQ:ENER)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Accretion Acquisition (NASDAQ:ENER)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024