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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Don Devlin who wrote (3728)	6/8/1999 2:52:00 PM
From: WALT REISCH	Respond to of 8393

Ovonic NiMH Batteries Power Electric Vehicles To Victory at the American Tour de Sol Ovonic NiMH Batteries Push Beyond the 200-Mile Threshold For the Sixth Consecutive Year June 08, 1999 14:46 TROY, Mich., June 8 /PRNewswire/ -- Energy Conversion Devices, Inc. ("ECD") (Nasdaq: ENER) today announced that nickel metal hydride ("NiMH") batteries developed by its subsidiary, Ovonic Battery Company, Inc. ("Ovonic Battery"), powered several electric vehicles ("EVs") to victory at this year's Northeast Sustainable Energy Association's American Tour de Sol competition. A Solectria Force, entered by Ovonic Battery and powered by advanced Ovonic NiMH batteries, achieved a range of 217 miles, with most of the miles performed at highway speed. This represents the sixth consecutive year that Ovonic batteries have powered electric vehicles beyond the 200-mile threshold. Ovonic NiMH-powered EVs entered in the production category were awarded first and second place in the overall competition including acceleration, handling and consumer acceptability as well as range and energy efficiency. A Solectria Force, entered by EVermont and powered by NiMH batteries manufactured by Ovonic Battery licensee GP Batteries International, Ltd. ("GP Batteries") took first place, demonstrating a range of 142 miles. The Solectria Force entered by Ovonic Battery was awarded second place overall. All ranges were achieved on a single charge. In the two-wheeler division, a scooter entered by Green Fuel Resources Ltd. of Singapore, powered by Ovonic NiMH batteries manufactured by GP Batteries, achieved the highest range, over 100 km. Commenting on the victories, Stan Ovshinsky, CEO of ECD and Ovonic Battery, said, "These award-winning performances underscore the superior energy density of Ovonic NiMH batteries, which enable range performance of electric vehicles to approach that of conventional gas-powered vehicles. We plan to continue to aggressively market Ovonic's clear performance advantages to encourage greater commercialization of electric and hybrid electric vehicles." Advanced NiMH batteries developed by Ovonic Battery are the enabling technology that makes electric vehicles practical for urban driving conditions. Energy Conversion Devices, Inc. is a leader in the synthesis of new materials and the development of advanced production technology and innovative products. ECD has pioneered the development of products and production technology based on amorphous, disordered and related materials, with an emphasis on alternative energy and advanced information technologies. ECD's web site is 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. SOURCE Energy Conversion Devices, Inc. /CONTACT: Ghazaleh Koefod of ECD, 248-280-1900; or Steve Curtis of Ruder Finn, 212-593-6319/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 283250/ /Web site: ovonic.com

To: Don Devlin who wrote (3728)	6/11/1999 11:48:00 AM
From: Ray	Respond to of 8393

DVD News Item from WSJ June 11, 1999 Tech Center Justice Department Approves Patent Pool for DVD Technology Associated Press WASHINGTON -- Looking to technology that appears destined to replace VCRs and compact discs, the Justice Department gave the go-ahead for six manufacturers jointly to license patents so other companies can produce digital-video discs and players. 1DVD Players Are Expected to Gain Ground in China (June 9) 2Nintendo Announces New System, Alliances With IBM, Matsushita (May 13) Under an arrangement approved by the Justice Department's antitrust division, companies that make DVDs and players can use the technology owned by the six businesses. Pooling the patents held by the six manufacturers will reduce costs for obtaining the technology, while raising little possibility of competitive harm, said Joel I. Klein, assistant attorney general in charge of the department's antitrust division. A DVD, which is the same size as a CD but with seven times the capacity, can hold a two-hour feature film. Nintendo Co.'s next-generation video-game player will use DVD technology, as will Sony Corp.'s next-generation PlayStation video-game system. Matsushita Electric Industrial Co. Ltd., one of the six companies, will make DVD drives for Nintendo. Matsushita is the world's largest maker of consumer electronics with brands such as Panasonic and Quasar. Toshiba Corp. will offer licenses on behalf of Hitachi Ltd., Matsushita, Time Warner Inc., and Victor Co. of Japan Ltd. The six companies plus four others established specifications for players to read the discs and convert them into images for screen display. In December, the department approved the pool formed by Philips Electronics NV, Sony Corp. of Japan and Pioneer Electronic Corp. of Japan. ------------------------------------------------------------------------ URL for this Article: interactive.wsj.com Hyperlinks in this Article: (1) interactive.wsj.com (2) interactive.wsj.com ------------------------------------------------------------------------ Copyright © 1999 Dow Jones & Company, Inc. All Rights Reserved.