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(basf)
-- BASF announced that it has acquired Ovonic Battery Company, a wholly
owned subsidiary of Energy Conversion Devices Inc. Based in Rochester
Hills, Mich., Ovonic is the global leader in Nickel-Metalhydride (NiMH) battery
technology, including the production of cathode active materials (CAMs) for this
battery type. The company also has a battery materials research facility in
Troy, Mich.
Ovonic is the inventor of the NiMH technology as it
is used today, and has a patent portfolio of 97 U.S. and international patents
and patent applications in this field. All major producers of NiMH batteries are
currently working under license from Ovonic.
As part of BASF,
Ovonic will be managed under BASF’s new global business unit “Battery
Materials,” which was launched on Jan. 1, 2012, to integrate the company’s
current and future battery materials-related activities within a single
operating unit managed by its Catalysts division, based in Iselin,
N.J. |
