Ovonic Battery Awarded Contract by US Army

June 28, 2001 by Jeff Shepard

Energy Conversion Devices Inc. (ECD, Troy, MI) announced that its Ovonic Battery Co. Inc. subsidiary has been awarded a contract by the US Army Tank-Automotive and Armaments Command (TACOM) to develop a liquid-cooled, plastic mono-block battery for heavy-duty hybrid-electric vehicles. The 30-month, $5.0-million, fifty-fifty, cost-share contract calls for coordinated research and development to be carried out by Ovonic Battery and TACOM.

Stanford Ovshinsky, president and CEO of ECD and CEO of Ovonic Battery, and Robert Stempel, chairman of ECD and Ovonic Battery, said in a joint statement, “We are pleased with our continuing collaboration with the US government. Ovonic NiMH has become the universal enabling battery technology for electric and hybrid-electric vehicles. It is a robust and environmentally friendly battery suitable for both commercial and military applications.”