Orion, MI, April 3, 2007-- Cobasys today
confirmed the latest expansion of its headquarters to
facilitate additional advanced battery system development.
Already acknowledged as one of the worlds largest
testing facilities for battery systems, the addition
in Orion, Michigan will enable Cobasys to build upon
its leadership position for energy storage systems integration.
The 18,860 square foot addition represents the companys
third expansion since moving into the facility in January,
2005. The additional square footage will allow Cobasys
to increase its Nickel Metal Hydride and lithium-based
development activities as it assesses several leading
Cobasys is the only North American manufacturer supplying
NiMH battery systems for HEV applications. Its NiMHax®
brand products are becoming recognized around the world.
Cobasys has previously announced contract awards to
supply advanced battery system solutions for seven major
hybrid electric vehicle (HEV) production programs and
one development program. These include providing battery
systems for the Saturn Vue Green Line, Saturn Aura Green
Line, the Chevrolet Malibu hybrid and a contract to
develop lithium battery systems for the new General
Motors plug-in hybrid vehicle (PHEV) development program.
The expansion of our testing center coupled with
our efforts with leading lithium technologies enables
customers to choose from our proven NiMH systems and
evaluate a variety of lithium-ion solutions, stated
Thomas S. Neslage, President and CEO. The industry
has come to view Cobasys as a world-class integrated
energy storage system supplier for fuel efficient vehicles.
We are uniquely positioned to offer OEMs and
integrators enhanced battery system solutions to power
future generations of HEVs using the chemistry of their
choice, said Scott Lindholm, VP-Sales and Systems
Engineering at Cobasys.
The Cobasys headquarters is the center for all of its
research, module development, systems development, prototype
build and administration activities. Completion for
expansion is slated for July, 2007.
Cobasys designs, manufactures and integrates advanced
energy storage systems solutions for transportation
markets, including Hybrid Electric Vehicles (HEV), Electric
Vehicles (EV) and 36/42 Volt applications and stationary
markets, including Back-Up power supply systems for
Uninterruptible Power Supply (UPS), Telecom and Renewable
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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