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ECD Grants Patent License to Chinese Company

6 October 2000

ECD Grants Patent License to Chinese Company

    TROY, Mich., Oct. 5 Energy Conversion Devices, Inc.
("ECD") announced today 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 SANIK Battery Co., Ltd. of the People's Republic of China.
Under the consumer battery license grant, SANIK has a royalty-bearing,
nonexclusive right to make, use and sell consumer nickel metal hydride
batteries for non-propulsion applications.
    In a joint statement, Stanford R. Ovshinsky, president and CEO of ECD and
CEO of Ovonic Battery, and Robert C. Stempel, chairman of ECD and Ovonic
Battery, said, "We are very pleased to have SANIK join all major manufacturers
of NiMH batteries as a licensee and follow the Chinese official policy of
utilizing science and technology as a basis for its continued economic growth.
It is also significant that China is recognizing the importance of
intellectual property in its nation-building process."