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

To: Futurist who wrote (2969)	1/14/1999 9:09:00 AM
From: WALT REISCH	Read Replies (1) \| Respond to of 8393

Here's a brief news follow up on the previous announcement. January 13, 1999 19:55 Energy Conversion, former Micron exec in venture TROY, Mich., Jan 13 (Reuters) - Energy Conversion Devices Inc. said Wednesday it formed a joint venture company with Tyler Lowrey, former vice chairman of Micron Technology Inc. , to develop semiconductor memory technology. Energy Conversion said in a statement that the company, as yet unnamed, will focus on Ovonic Universal Memory, a thin-film nonvolatile solid-state memory. Terms of the joint venture agreement were not disclosed. "Stan Ovshinsky and ECD have synthesized various thin-film materials with highly desirable properties that we can leverage to pursue significant competitive advantage in the microelectronics marketplace," Lowrey said in a statement, referring to ECD's president and chief executive Stanford Ovshinsky. ECD also said Lowrey was appointed to its board of directors. In late trading on Nasdaq, Energy Conversion shares were up 3/4 at 10

To: Futurist who wrote (2969)	1/14/1999 7:35:00 PM
From: Don Devlin	Read Replies (1) \| Respond to of 8393

Energy Conversion Forms Venture To Create New Kind of Memory Chip By a WALL STREET JOURNAL Staff Reporter TROY, Mich. -- The former vice chairman of chip maker Micron Technology Inc. has teamed up with materials concern Energy Conversion Devices Inc. to form a joint venture that will create a new kind of memory chip. Tyler Lowry, 45 years old, will be president and chief executive officer of the joint venture, Ovonic Universal Memory. Mr. Lowry, an engineer with 60 patents who helped turn Micron of Boise, Idaho, into a juggernaut in memory chips, says the new memory chip could potentially replace flash memory chips or dynamic random-access memory chips in personal computers and other kinds of consumer electronics. The Ovonic memory uses a special material, called chalcogenide, which can exist in either a crystalline or amorphous state and can thereby be used to store the ones and zeros of a digital computer. Mr. Lowry says his company will try to find a major chip maker as a partner to bring the chips to market. He says the material could prove to be cheap to make, fast and as versatile as other chips. Ovonic will face competition from other start-ups trying to replace memory chips, such as Micromem Technology Inc. in Santa Fe, N.M.

To: Futurist who wrote (2969)	1/14/1999 9:49:00 PM
From: Futurist	Read Replies (1) \| Respond to of 8393

A little background on Stan Ovshinsky for lurkers who might be interested: History of Phase Change Biography of Dr. Stanford Ovshinsky, Président of Energy Conversion Devices © copyright 1994 - MOSARCA This exclusive article was published in MOS 127 - September 1994 Stanford R. Ovshinsky has worked in the field of amorphous materials since 1955. In 1960, with his wife, Dr. Iris M. Ovshinsky, he founded Energy Conversion Devices, Inc., to continue research and development in amorphous materials for use in various phases of information storage and control combined with the concepts of energy conversion. He is president and chief executive officer of the company and is chairman of the Institute for Amorphous Studies. He is on the Board of Managers of GM Ovonic, L.L.C., a joint venture between General Motors Corp. and ECD. He is co-chairman of the ECD-Russian energy joint venture, Sovlux. His work in synthetic materials emphasizes applications in three major areas: energy conversion, including photovoltaics and energy storage such as batteries; information systems, including switching, memories, 3-dimensional intelligent computers and amorphous circuits; and engineered materials for a wide variety of uses such as high-temperature applications and corrosion and abrasion resistance. He has worked in the field of superconductivity since the 60's. Stan Ovshinsky has 178 U.S. patents, is the author of numerous scientific papers ranging from neurophysiology to amorphous semiconductors, and in 1968 was the recipient of the Diesel Gold Medal for Invention presented by the German Inventors Association. He co-shared 1st prize for best paper at the 1992 International Electric Vehicle Symposium. He was awarded a Doctor of Science degree from Lawrence Technological University, an honorary Doctor of Engineering degree from Bowling Green State University, and an honorary Doctor of Science from Jordan College. He is Vice Chairman of the National Advisory Board, Center for Bioproducts Development spearheaded by the University of Hawaii; an honorary advisor for science and technology at the Beijing University of Aeronautics and Astronautics, Beijing, China; a foreign member of the Academy of Engineering Sciences of Ukraine in Kiev; a member of the advisory council for the College of Arts and Sciences of Lawrence Technological University; a member of the Board of Governors at Cranbrook Institute of Science; a member of the Community Advisory Board for The Center for Peace and Conflict Studies; a member of the Board of Trustees of the Cranbrook Peace Foundation; a member of the Materials Research Laboratory Industrial Liaison Committee of The James Franck Institute at the University of Chicago; a member for ten years of the advisory council for the Metropolitan Center for High Technology; a Trustee of the Heart and Vascular Institute Advisory Board, Henry Ford Health System; an adjunct professor of Engineering at Wayne State University; and for many years was an adjunct professor of Physics, University of Cincinnati. He was inducted into the Michigan Chemical Engineering Hall of Fame and named 1987 Michigan Scientist of the Year by Impression 5 Science Museum. In October 1987, he was profiled for one hour on NOVA, public television's science series. In August 1988, he was presented with the Coors American Ingenuity Award, becoming the third recipient of this award which had previously honored the inventor of the digital computer and the integrated circuit. He received the Toyota Award for Advancement in May 1991 for his development of Ovonic nickel-metal hydride batteries for electric vehicles. And, in 1993 was named Corporate Detroiter of the Year by Corporate Detroit Magazine. Stan Ovshinsky is a Fellow of the American Physical Society, a Fellow of the American Association for the Advancement of Science, a Senior Member of the Institute of Electrical and Electronic Engineers, a member of Sigma Xi, and a life member of the Society of Automotive Engineers.