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

To: fred whitridge who wrote (2705)	11/26/1998 12:41:00 PM
From: Don Devlin	Respond to of 8393

The following is an excerpt of an article on evworld.com entitled" Sparrow Ptm- The future of motion by Tom Corbin You can read it all or just read the enclosed excerpt. ********************************************************************** The company has opened up preliminary discussions with Ovonics on their nickel metal hydride (NiMH) battery technology as a possible future replacement for lead acid. Corbin also hinted at a much more advanced vehicle which is on the drawing boards, one he characterizes as much more "high tech" and in tune with the 21st century. This vehicle will be built around Ovonic's NiMH battery technology. He wouldn't say more than that, other than to say it would cost upwards of $20,000 or more. Corbin feels that, "any new electric vehicle is good for everyone." He sees there are niches to be filled by companies like his, as well as the large OEMs in Detroit and Japan and Europe. "Our target market is is make it commercially viable for anybody that would like (an EV). If you like electric vehicles, you like what they represent, the clean air, the the easy parking... we want to have a vehicle you can buy affordably. That was our goal."