Just to add a little fuel to the discussion. Look what popped up on the 6:13 p.m. News at PR Newswire.
Texaco Ovonic Battery Systems L.L.C. Receives QS 9000 and ISO 14000 Certifications for New
Plant in Springboro, Ohio
170,000 Square Feet of State-of-the-Art Manufacturing Space
With Future Annual Production Capacity of 1.2 Million Battery Modules
SPRINGBORO, Ohio, Nov. 4 /PRNewswire-FirstCall/ -- The growing hybrid
electric vehicle and stationary power markets will now be better served with
the commissioning of Texaco Ovonic Battery Systems' new production plant in
Springboro, Ohio, near Dayton.
The only manufacturing plant of its kind in the U.S., construction of the
Texaco Ovonic Battery Systems facility began in October 2002. It features
170,000 square feet of manufacturing space, which is twice the size of the
plant it replaces in nearby Kettering, Ohio. State-of-the art manufacturing
equipment is now in place at the Springboro plant, with a future annual
production capacity estimated at 1.2 million battery modules when fully
equipped.
Texaco Ovonic Battery Systems L.L.C. is a 50-50 joint venture between a
subsidiary of ChevronTexaco Corp. (NYSE: CVX) and a subsidiary of Energy
Conversion Devices Inc. (Nasdaq: ENER). Texaco Ovonic Battery Systems is
helping to bring advanced nickel metal hydride (NiMH) batteries into
widespread commercial production for transportation and stationary
applications.
Thomas S. Neslage, President and Chief Operating Officer of Texaco Ovonic
Battery Systems, said, "The achievement of QS 9000 certification and ISO 14000
certification is an important milestone in our business strategy. We are
demonstrating that our goal at Texaco Ovonic Battery Systems is to deliver
advanced high quality system solutions that offer value and reliability. In
fact, some of the first modules from the plant will be delivered to the new
Energy Center facility under construction by Grand Valley State University in
Muskegon, Mich. The University has selected our NiGEN(TM) 80 kilowatt hour
energy storage solution which will be used for peak shaving and load leveling.
The planned installation of this solution is timely given the recent power
interruptions experienced in the Northeast."
David Garman, Assistant Secretary for Energy Efficiency and Renewable
Energy, U.S. Department of Energy commented, "We are very pleased to see that
Texaco Ovonic Battery Systems has completed its state-of-the-art Ovonic(R)
nickel metal hydride battery manufacturing facility in Ohio. The products
from this facility can play a key role in reaching the vision embodied in the
President's National Energy Policy and increasing energy diversity."
About Texaco Ovonic Battery Systems
Headquartered in Troy, Mich., Texaco Ovonic Battery Systems L.L.C., a 50-
50 joint venture between ECD Ovonics and a subsidiary of ChevronTexaco Corp.,
was formed in July 2001 to commercialize Ovonic(R) NiMH battery technology for
transportation applications such as hybrid electric vehicles (HEV), electric
vehicles (EV), heavy-duty vehicles (HDV) and high-voltage (36-42) automotive
electrical systems for future gasoline-powered automobiles. It is also
focused on battery applications for various stationary power and
telecommunications markets. For more information about Texaco Ovonic Battery
Systems visit txobattery.com .
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 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 include thin-film
amorphous solar cells, modules, panels and systems for generating solar
electric power; NiMH batteries; 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 fuel cells. 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 ovonic.com .
About ChevronTexaco Corp.
Based in San Ramon, Calif., ChevronTexaco Corp. is the second-largest
U.S.-based energy company and the fifth largest in the world, based on market
capitalization. Approximately 52,000 ChevronTexaco employees work in
approximately 180 countries around the world, producing crude oil and natural
gas, and marketing fuels and other energy products. In addition to supplying
global energy, ChevronTexaco is involved in numerous advanced clean energy and
fuel technologies. ChevronTexaco, through ChevronTexaco Technology Ventures,
pursues commercialization of a broad spectrum of energy related technologies
and is an active venture capital investor. Commercialization and investment
activities include development of hydrogen generation and storage systems,
hydrogen infrastructure and other energy storage technology such as advanced
batteries. Texaco Ovonic Battery Systems is one of the joint ventures managed
by this unit, through the subsidiary Texaco Energy Systems L.L.C. For more
information about ChevronTexaco Technology Ventures visit
chevrontexaco.com.
This press release may contain a number of forward-looking statements
within the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. In particular, any statements made concerning
ChevronTexaco's, ECD Ovonics' and Texaco Ovonic Battery Systems' expected
performance and financial results in future periods are based upon
ChevronTexaco's, ECD Ovonics' and Texaco Ovonic Battery Systems' current
expectations and beliefs and are subject to a number of known and unknown
risks and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The following factors
known to ChevronTexaco, ECD Ovonics, and Texaco Ovonic Battery Systems, among
others, could cause their actual results to differ materially from those
described in the forward-looking statements: inaccurate scientific data;
mechanical, chemical and technological failures; decreased demand for
alternative fuels and other products; above or below-average product and
technology demands; worldwide and industry economic conditions; higher costs,
expenses and interest rates; the outcome of pending and future litigation and
governmental proceedings; continued availability of financing; and strikes and
other industrial disputes. In addition, you are encouraged to review
ChevronTexaco's and ECD Ovonics' latest reports filed with the SEC, including
but not limited to ChevronTexaco's and ECD Ovonics' Annual Report on Form 10-
K, which describe a number of additional risks and uncertainties that could
cause actual results to vary materially from those listed in the forward-
looking statements made in this press release.
SOURCE Texaco Ovonic Battery Systems L.L.C.
Web Site: ovonic.com txobattery.com
chevrontexaco.com
Issuers of news releases and not PR Newswire are solely responsible for the accuracy of the content.
More news from PR Newswire...
Copyright © 1996-2002 PR Newswire Association LLC. All Rights Reserved.
A United Business Media company. |
