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To: craig crawford who wrote (382)	6/29/2001 7:25:18 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Thursday June 28, 11:50 am Eastern Time ECD Subsidiary, Ovonic Battery, Awarded Contract For Advanced NiMH HEV Batteries for Heavy-Duty Vehicles biz.yahoo.com Stanford R. Ovshinsky, President and CEO of ECD and CEO of Ovonic Battery, and Robert C. Stempel, Chairman of ECD and Ovonic Battery, in a joint statement, said, ``We are pleased with our continuing collaboration with the U.S. government. Ovonic NiMH has become the universal enabling battery technology for electric and hybrid electric vehicles. It is a robust and environmentally friendly battery suitable for both commercial and military applications.'' Ovonic Battery was founded by ECD in 1982 to develop and commercialize its basic proprietary NiMH rechargeable battery technology. All significant consumer battery manufacturers worldwide (28 NiMH manufacturers) are licensees of Ovonic Battery. Ovonic Battery received, and successfully completed, the first contract awarded by the United States Advanced Battery Consortium to develop NiMH batteries for use in electric vehicles. As part of its contract, Ovonic Battery established a NiMH battery manufacturing facility in the United States. The Ovonic NiMH battery for electric vehicles is the first and only battery to exceed 200 miles on a single charge during official tests conducted for the United States Department of Energy and has become the enabling technology for electric and hybrid electric vehicles.