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

To: fred whitridge who wrote (7223)	5/14/2003 11:58:33 PM
From: Krowbar	Read Replies (1) \| Respond to of 8393

Energy Conversion Devices Acquires Bekaert's Interests in United Solar and Bekaert ECD Solar Systems Rochester Hills, Mich., May 14, 2003 — Energy Conversion Devices, Inc. (ECD) (NASDAQ:ENER) announced today it has entered into agreements with N.V. Bekaert S.A. and an affiliate (Bekaert) whereby ECD has acquired all of Bekaert's interests in the photovoltaic joint ventures United Solar Systems Corp. and Bekaert ECD Solar Systems LLC (Uni-Solar) established in April 2000 by ECD and Bekaert to manufacture, market and sell photovoltaic products and systems. Material terms of the agreements provide that: • ECD will pay Bekaert $6 million; • ECD will assume Bekaert's guarantees with respect to certain liabilities of the joint ventures amounting to approximately $25 million; • Bekaert will receive rights to technologies outside the field of photovoltaics and rights limited to build sputtering machines outside the field of triple-junction photovoltaics. ovonic.com

To: fred whitridge who wrote (7223)	5/22/2003 1:45:09 AM
From: Krowbar	Respond to of 8393

Fred, Here's a link to an EV World article on the fascinating work being done by Dr. Suellen Van Ooteghem at the National Energy Technology Laboratory. She is getting great results in converting ammonia and sucrose-rich matter to hydrogen at 70% efficiency, using bacteria from smokers at the bottom of the ocean. I don't know if it is the same bacteria that you were referring to, but it is a must-read story. There is an audio link on the side of the story. She is clearly one of those rare brilliant minds that not only understands the work she is doing with bacteria, but how this process can work synergistically with fuel cells to solve the World's energy problems. evworld.com Del