August 7, 2002 [SolarAccess.com] Ovonic Battery Company, a subsidiary of Energy Conversion Devices has entered into a patent license agreement in connection with its proprietary nickel metal hydride (NiMH) battery technology with Henan Huanyu Power Source Co., Ltd. (Huanyu) of the People’s Republic of China. Under the consumer battery license grant, Huanyu has a royalty-bearing, nonexclusive right to make, use and sell consumer nickel metal hydride batteries for non-propulsion applications.
