Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WALT REISCH who wrote (2350)	9/24/1998 1:01:00 AM
From: Don Devlin	Read Replies (1) \| Respond to of 8393

More on GM/OVONIC in Kettering EXCERPT from the Dayton Daily News Sept 20 98' ....Meanwhile, workers have started mass producing advanced batteries for electric cars and trucks at a former GM suspension parts plant in Kettering. GM Ovonic LLC, a joint venture between GM and a unit of Energy Conversion Devices, Inc. of Troy, Mich., moved into the plant on Hempstead Station earlier this year. The plant will produce nickel metal hydride batteries that last three times longer in electric vehicles and work better in cold weather than today's lead-acid batteries. During the past decade, nickel metal hydride batteries have proven themselves in laptop computers, cellular phones, video cameras and other products. Adapting nickel metal hydride technology for electric vehicle application has been difficult and expensive. But researchers at GM Ovonic believe they are close to solving those problems. A good part of the work leading up to mass production of these batteries was done in Dayton by employees of the Dayton Phoenix Group, GM Ovonic officials said. What's more, GM and Isuzu Motors Ltd. officials cited the area's manufacturing prowess as one reason why they chose to build a $300 million advanced diesel engine plant in Moraine. The automakers believe the new line of direct-injection engines will provide clean- running, environmentally friendly power in future trucks and sport utility vehicles. For a so-called blue-collar, manufacturing town, these three projects represent an extraordinary amount of high-tech, cutting-edge work. Ol' Boss Kett would be amazed.