Energy Conversion Devices sells Cobasys to SB LiMotive

摘要

According to Energy Conversion Devices Vice President Investor Relations and Communications Mark Trinske, the company's Ovonic Battery Company subsidiary, along with Chevron Technology Ventures, has sold their respective membership interests in Cobasys LLC to SB LiMotive Co. Ltd. SBL is a 50-50 joint venture between Samsung SDI Co. and Robert Bosch GmbH formed to develop, manufacture, and sell Ovonic's batteries for automotive applications.rnCobasys designs, develops and manufactures integrated energy storage systems principally for HEVs. Certain elements of Cobasys' nickel metal hydride technology rely on patents originated by Ovonic and Energy Conversion.