TROY, Michigan, U.S.A. — Ovonic Battery Co. Inc., a subsidiary of Energy Conversions Devices Inc. (ECD), signs an agreement with an Inner Mongolian rare-earth elements producer for a series of nickel-metal-hydride battery projects. ECD reports the multi-phased deal with Baotou Steel Co.'s Rare Earth High-Tech Co. Ltd. has a potential value of US$100 million. The agreement is a prelude to manufacturing joint ventures and the licensing of advance nickel-metal-hydride-battery technology, ...
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