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Technology Stocks : Energy Conversion Devices
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To: wily who wrote (3939)8/17/1999 7:31:00 PM
From: Michael Latas  Read Replies (2) of 8393
 
Not hardly!

Staking a claim on new battery technology is
one thing. Bringing it into market successfully is an entirely different matter. Please note, they never did make any reference to NiMH technology. What they are hopeful of doing is replacing alkaline disposable batteries and nicads.
As they stated, alkaline batteries were invented back in 1860 and continue to do exceedingly well. Nicad was the first rechargeable consumer batteries and have dominated their niche for over forty years. ECD is already eating into the nicad market successfully. Both technologies are
controlled by very formidable mfgr's who pretty well have a stranglehold on the market. Whatever success they may eventually have will be far from an overnight sensation.
They will have to climb a very steep and treacherous mountain as anyone who has been with ECD for any period of time knows.

He also states that over 60 trillion primary batteries are used every year. That's right, Licht stated 60 trillion batteries! That's shear hogwash! There are six billion people in this world. How many batteries per year do you think each man, woman and child uses per year? Figure it out and you will see what I'm talking about. Licht destroys
whatever credibility he may have had with that statement.

Rest easy.

Regards.
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