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

To: Don Devlin who wrote (3402)	3/25/1999 9:14:00 AM
From: Tom Hoff	Respond to of 8393

I have never been more happy to be wrong. I have been waiting for this for nearly two years. What do you think James.This also means that hte rest will follow very soon, since Richo is the lead producer and also holds patents on CD-RW. This is BIG! Ricoh and Energy Conversion Devices, Inc.Sign Optical Memory License Agreement TROY, Mich., March 25 /PRNewswire/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) announced today that it has granted a nonexclusive license to Ricoh Company Limited of Tokyo, Japan ("Ricoh"), the world's major manufacturer of rewritable compact disks (CD-RWs). In addition to CD-RW media, this royalty-bearing license covers all past and future phase-change optical memory products produced by Ricoh, which is the largest of the 13 companies to license this technology from ECD. Stanford R. Ovshinsky, president and chief executive officer of ECD, said, "We are pleased to have completed this important agreement with Ricoh, whose efforts have been significant to the commercialization of the rewritable compact disk. Now that Ricoh has become one of ECD's phase-change optical memory licensees, we have licensed nearly all major manufacturers of rewritable CD media and rewritable DVD media." ECD is a leader in the synthesis of new materials and the development of advanced production technology and innovative products. It has pioneered and developed enabling technologies leading to new products and production processes based on amorphous, disordered and related materials, with an emphasis on alternative energy and advanced information technologies. ECD's website address is ovonic.com. This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on assumptions that ECD, as of the date of this release, believes to be reasonable and appropriate. ECD cautions, however, that the actual facts and conditions that may exist in the future could vary materially from the assumed facts and conditions upon which such forward-looking statements are based. SOURCE Energy Conversion Devices, Inc. CO: Energy Conversion Devices, Inc.; Ricoh Company Limited ST: Michigan, Japan IN: CPR SU: LIC 03/25/99 08:30 EST prnewswire.com