Ovonic Licenses Nickel Metal Hydride Battery Technology To Unitech Battery Of China

Ovonic Battery Company, Inc. announced that it has entered into a patent license agreement in connection with its proprietary nickel metal hydride (NiMH) battery technology with Unitech Battery Ltd. (Unitech) of the People’s Republic of China. Under the consumer battery license grant, Unitech has a royalty-bearing, nonexclusive right to make, use and sell NiMH batteries manufactured in China for consumer applications. All propulsion applications are excluded.

Michael Fetcenko, Vice President of ECD’s Ovonic Materials Division and President of Ovonic Battery Company said, "We welcome Unitech as a licensee of Ovonic nickel-metal hydride battery technology. The production of consumer NiMH batteries within China continues to grow and we are pleased Unitech has become an authorized NiMH supplier. We look forward to ongoing collaboration."