Battery Battles

December 11, 2002 [] Energy Conversion Devices, Inc. (ECD) announced that it and its related companies have entered into an arbitration agreement with Matsushita Battery Industrial Co., Ltd. and its related companies and Toyota Motor Corporation and a related company. The agreement establishes the basic terms, conditions and procedures to resume arbitration before The International Chamber of Commerce, International Court of Arbitration of the existing patent infringement disputes involving nickel metal hydride batteries used in gasoline-electric hybrid vehicles and other products. The arbitration had been stayed pending settlement talks that have now broken off.


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