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Cobasys to Provide Battery Systems for Saturn VUE Green Line Hybrid SUV

Orion, MI, January 9, 2006 � Cobasys announced today that they will provide their advanced NiMHax� Nickel Metal Hydride (NiMH) battery systems for GM's 2007 Saturn VUE Green Line SUV which will be made available to consumers in the summer of 2006.

Saturn�s VUE Green Line hybrid combines sophisticated controls with a precise electric motor/generator mated to the engine and battery system.

The Saturn VUE�s hybrid system provides: an electric power assist during acceleration; increased fuel economy through engine shut-off at idle; fuel cut-off during deceleration; and the capability to capture electrical energy through regenerative braking.

Cobasys confirmed that their NiMHax 36 Volt system was chosen for the Saturn VUE Green Line. Cobasys� complete plug and play NiMHax 36 Volt system includes its high power Series 1000 advanced NiMH battery modules and electronics in a small, lightweight package designed specifically for GM�s application. The NiMHax 36 Volt systems will be built at Cobasys� manufacturing facility in Springboro, Ohio.

Cobasys designs and manufactures advanced NiMH battery system solutions for transportation markets, including Hybrid Electric Vehicles (HEV), Electric Vehicles (EV) and 36/42 Volt applications, in addition to Stationary Back-Up power supply systems for Uninterruptible Power Supply (UPS), Telecom and Distributed Generation requirements.

Cobasys, a leader in advanced NiMH battery system solutions is a joint venture between Chevron Technology Ventures LLC, a subsidiary of Chevron Corporation (NYSE: CVX) and Energy Conversion Devices, Inc. (NASDAQ: ENER). For more information about Cobasys, contact Ray Wagner at 248-620-5700 or visit our website at

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