Fuel Cell Joint Venture Merged

June 26, 2003 [SolarAccess.com] Energy Conversion Devices (ECD) has acquired the interest of Texaco Energy Systems (TES) in Texaco Ovonic Fuel Cell Company for US$1.00, effective as of December 31, 2002. ECD and TES, formed the 50/50 joint venture in September 2000 to further develop ECD’s Ovonic regenerative fuel cell technology. The company, which is now owned 100 percent by ECD, will be renamed Ovonic Fuel Cell Company LLC.
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