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Cobasys Exhibits Its New Bridge Battery Backup System
at Electric West 2007

Orion, MI, February 16, 2007–Cobasys, a leading supplier of advanced integrated energy storage solutions, announced that it will showcase its new NiGUARD BRIDGE Uninterruptible Power Supply (UPS) emergency backup power system at the 2007 Electric West conference, February 21-23 at the Long Beach Convention Center in Long Beach, CA.

The NiGUARD BRIDGE battery system technology, based on Cobasys’ advanced, proprietary Nickel Metal Hydride (NiMH) chemistry, will be introduced at the Power Quality pavilion as a reliable, scalable alternative to flywheels. The Bridge system is capable of delivering 15 seconds of power, 3 times within 30 minutes without recharge in UPS applications. It is virtually maintenance-free, easily monitored, environmentally-friendly and has a lower total cost of ownership. The system can be expanded to an unlimited degree to meet higher power requirements, longer backup times or redundant backup solutions.

Cobasys designs and manufactures advanced energy storage system solutions which feature NiMH battery technology 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 markets.

Cobasys 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 http://www.cobasys.com.

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