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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 www.cobasys.com.

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