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

To: Tom Hoff who wrote (3828)	7/13/1999 11:01:00 PM
From: Futurist	Read Replies (2) \| Respond to of 8393

I called Stempel's office asking for a press release of some sort. I don't think they intended to publish anything out of this meeting. Tom, do you have any ideas as to where we might get more info on this one?

To: Tom Hoff who wrote (3828)	7/31/1999 6:31:00 PM
From: Michael Latas	Read Replies (1) \| Respond to of 8393

Tom, I'll speculate with you as to who I think GM Ovonic is forming a strategic alliance with in regards to a major Japanese based NiMH manufacturer (Ovonic licensee) to expand product offering. First, for those of you that may not be aware, ECD has three un-named Japanese mfg'rs licensed for our consumer batteries under a confidential agreement. The above comments may be referring to one of these confidential licensee's, or as you state, may be Matsushita, and if not, of the three, in my personal opinion I feel it may be Sony. Either one would be great. That still leaves the other two possible un-named consumer licensee's in Japan. I have stated my strong personal opinions in the past regarding Toyota and what they might do for batteries for their EV/HEV's. There simply is no way Toyota will go with second-class, inferior, outdated misch-metal batteries from Matshushita, that do not begin to compare with the superior performance and durability of our current NiMH battery technology. Furthermore, our cost should be equal to or better than then that outdated technology. So, Matshushita may indeed sign up to remain competitive. Furthermore, the fact that ECD has a Toyota Prius in Troy that they are testing our batteries in, along with the fact that Toyota's head engineer has visited ECD in Troy to view and test drive their Prius with our batteries lends added support. And, as has already been stated, Toyota has a multi-year agreement with GM to share in advanced vehicle technology. What other conclusions can you reach? In my opinion, Toyota will end up with our batteries. It's simply a matter of from whom. Now, if you will, what do you think will happen to Ford, and all others competing against our technology? Keep in mind that lithium-ion still costs two to three times more than our NiMH batteries and still have the safety hazard to cope with. Regards.