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

To: mred5x5 who wrote (7901)	12/20/2004 9:40:11 AM
From: Tom Hoff	Respond to of 8393

Cobasys powers up for possible IPO New deal, HQ spur optimism By Andrew Dietderich • December 20, 2004 Cobasys L.L.C. is so bullish on its battery technology for electric vehicles and a growing commitment from ChevronTexaco Technology Ventures L.L.C. that the company is eyeing a 2006 or 2007 initial public offering. Troy-based Cobasys, a 50/50 joint venture between Rochester Hills-based Energy Conversion Devices Inc. and ChevronTexaco Technology, announced its first major contract in November: to provide nickel metal hydride batteries to British Columbia-based Azure Dynamics Corp. Azure is producing up to 2,000 hybrid electric vehicles for Ontario-based Purolator Courier Ltd., a package delivery company. The value of the deal was withheld.