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Home > Company Index > Manufacturing > Miscellaneous Electrical Products > Energy Conversion Devices, Inc.

Energy Conversion Devices, Inc.
Nasdaq: ENER
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 NEWS FROM THE WIRES
Texaco and ECD join to make electric car batteries
Jul 18 2001 07:21 AM PDT

More WIRE STORIES about this company

 PROFILE
Energy Conversion Devices (ECD) gets charged by its technology. ECD makes products that generate and store power and store information electronically. Through 91%-owned Ovonic Battery and joint ventures, it makes rechargeable batteries to power items ranging from consumer electronics to electric vehicles (It has ventures with GM and Texaco). Joint venture United Solar makes solar cells for telecom, lighting, and other uses. ECD licenses its optical memory storage technology to Sony, TDK, Toshiba, and others. The firm's thin-film materials (optical and vapor barrier films) are used in anti-glare screens and solar-controlled windows. The Ovshinsky family controls the ECD's voting shares. Texaco has a 20% stake.

 COMPETITION
FuelCell Energy, Inc. (FCEL)
Kyocera Solar, Inc. (dossier)
Millennium Cell LLC (MCEL)

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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 30.00
1-Yr. Sales Growth: 2.4%
Employees: 399
Revenue per employee: $75,187.97

 KEY PEOPLE
• Stanford R. Ovshinsky
    CEO
• Nancy M. Bacon
    CFO

 CONTACT INFO
1675 W. Maple Rd.
Troy, MI 48084
US
Phone: 248-280-1900
Fax: 248-280-1456
Online: Web Site

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