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Cobasys and Motorola Announce Hybrid Electric Vehicle Component Agreement

ORION, Mich., August 4, 2005 -- Cobasys and Motorola, Inc. today announced an agreement to cooperate in the development and manufacture of battery control system components for hybrid electric vehicle (HEV) battery systems. The hybrid battery pack controller, which integrates Motorola designed hardware with Cobasys patent pending software, will monitor and control the hybrid battery pack and also perform diagnostics for Cobasys’ advanced Nickel Metal Hydride (NiMH) battery system.

According to Thomas S. Neslage, President and CEO of Cobasys, “this agreement combines Motorola’s automotive grade electronics expertise with the advanced NiMH solutions of Cobasys and has potential to span all Cobasys transportation HEV battery system markets.”

“Integrating Cobasys advanced NiMH battery technology solutions and battery system control software with Motorola’s expertise in electronic design and manufacturing makes for a world class partnership,” stated Scott Lindholm, Vice President and Chief Sales Officer of Cobasys.

"Motorola has a rich heritage in innovation for automotive electronics, and we're delighted to participate in this agreement with Cobasys that will continue to tap into our innovative roots and Cobasys' extensive expertise on hybrid energy," said Tom Tischhauser, Corporate Vice President of Motorola's automotive electronics business. "It is clear that there will continue to be a demand for innovation for hybrid vehicles, and we look forward to partnering with Cobasys to deliver other innovative solutions for automotive customers worldwide."

Cobasys designs and manufactures advanced Nickel Metal Hydride (NiMH) battery system solutions for transportation markets, including HEV, Electric Vehicles (EV) and 42 volt applications, in addition to Stationary Back-Up power supply systems for Uninterruptible Power Supply systems (UPS), Telecom and Distributed Generation requirements.

Cobasys is a joint venture between Chevron Technology Ventures LLC, a subsidiary unit of Chevron Corporation (NYSE: CVX) and Energy Conversion Devices, Inc. (NASDAQ: ENER). For more information about Cobasys contact Ray Wagner, Vice President of Marketing at 248-620-5700 or visit our website at www.Cobasys.com.

Motorola, Inc. (NYSE: MOT) is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace and all spaces in between, seamless mobility means you can reach the people, things and information you need on the go. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com.


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