ECD Ovonics' Battery Subsidiary Grants Patent License to TMK Power Industries of China and ITT Wins $152 MLN U.S. Army Contract.

0 Comments | M2 Presswire, August, 2006

M2 PRESSWIRE-21 August 2006-U.S. Equity News: ECD Ovonics' Battery Subsidiary Grants Patent License to TMK Power Industries of China and ITT Wins $152 MLN U.S. Army Contract(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:21082006 City of Industry, CA - Industrial Electrical Equipment industry alert provided by U.S.

Equity News. Energy Conversion Devices, Inc. (ECD Ovonics) (Nasdaq: ENER) announced recently that its subsidiary, Ovonic Battery Company, Inc. (Ovonic Battery), has entered into a patent license agreement in connection with its proprietary nickel metal hydride (NiMH) battery technology with TMK Power Industries Ltd. (TMK) of the People's Republic of China. Under the consumer battery license grant, TMK has a royalty-bearing, nonexclusive right to make,...

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