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Hybrid cars drive a company, and its stock

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by oloprius, Oct 19, 2004.

  1. oloprius

    oloprius New Member

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    Something is changing in automotive industries?

    From altenergystocks.com:
    "Energy Conversion Devices Inc (ENER) founded by the now-82-year-old Mr. Ovshinsky in 1960, developed the battery technology that is being used in Toyota Motor Corp.'s Prius -- the popular "hybrid" car model that has given U.S. automobile titans Ford Motor Co. and General Motors Corp. a run for their money. And the Rochester Hills, Mich., company -- though it still is unprofitable, making iit a risky bet -- is drawing backing from serious investors who see a hot market for its products." read
     
    #1 oloprius, Oct 19, 2004
  2. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
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    Another link about this guy:
    http://www.time.com/time/reports/environme...shinsky,00.html

    The breakthrough came in 1982, when Ovshinsky, the self-made alchemist, invented small, powerful batteries made from alloys called nickel metal hydrides. American manufacturers were indifferent, but Japanese electronics giants embraced the technology. Last year 780 million NiMH batteries were made for computers, cell phones and other gadgets, most through licenses on Ovshinsky's patents. In 1988 the PBS science program Nova aired a documentary on Ovshinsky titled Japan's American Genius.

    I like him already.


    [edit]
    An even better one providing more background:
    http://web.mit.edu/invent/iow/ovshinsky.html
    [/edit]
     
    #2 TonyPSchaefer, Oct 19, 2004
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