Printer Friendly


 TROY, Mich., Jan. 5 /PRNewswire/ -- Energy Conversion Devices, Inc. ("ECD") (OTC Bulletin Board: ENER) announced today that Robert C. Stempel, retired Chairman and Chief Executive Officer of General Motors Corporation and a leading contributor to the automotive industry, is joining its Board of Directors as well as the Board of its subsidiary, Ovonic Battery Company, Inc. ("OBC").
 Mr. Stempel stated: "With my personal interest in solar and electric powered vehicles, I am pleased to join ECD and the Ovonic Battery team in their development of a high energy, low mass battery that will provide an extended cruising range necessary for future electric vehicles to be successful."
 Stanford Ovshinsky, chief executive of both companies, said that he was particularly proud to be working with Bob Stempel, whom he has admired greatly through the years. He stated that, "The building of a new electric vehicle industry depends upon having a battery which will have the range, speed, fast recharge, low cost and long life. This is what the Ovonic Battery provides and Bob Stempel will make invaluable contributions to its success. The Ovonic battery technology is a resource not only for the Detroit automotive industry but for the achievement of United States economic and environmental policies."
 Mr. Stempel has made important contributions throughout his career to a long list of "automotive firsts." Both as a member of general management and as a top engineer at General Motors, he participated in the development of new automotive technologies that have had a major impact on the design of present day cars and trucks and will continue well into the future. He was involved in development of the first modern, mass-produced, front wheel drive car; improvements in safer, more crash-worthy fuel storage systems; reduced emission catalytic converter exhaust systems; the application of computer-controlled fuel and ignition systems to improve gas mileage and reduce pollution; and the development of advanced electric vehicles to name a few.
 Mr. Stempel earned his engineering degree (BSME) at Worcester Polytechnic Institute in 1955 and his business degree (MBA) at Michigan State University in 1970. He is a member of the Society of Automotive Engineers, (SAE), the American Society of Mechanical Engineers (ASME), the Engineering Society of Detroit (ESD), and he has been elected to the National Academy of Engineering, one of the highest honors to be accorded an engineer.
 Among his many activities, Mr. Stempel is a member of the Board of Directors of NBD Bancorp, Inc., Chairman of the Detroit Renaissance Technology Project and Co-Chairperson of the Oakland County Business Roundtable.
 ECD is a leader in the synthesis of new materials and the development of advanced production technologies and innovative products. Since its founding in 1960, ECD's research and development efforts have focused on disordered and amorphous materials. ECD has developed its Ovonic materials, production technology and products in the areas of energy, information and synthetic materials.
 -0- 1/5/94
 /CONTACT: Stanford R. Ovshinsky, President and Chief Executive

Officer of ECD and Chief Executive Officer of OBC, 313-280-1900/

CO: Energy Conversion Devices, Inc. ST: Michigan IN: AUT OIL SU: PER

KE -- DE016 -- 9248 01/05/94 10:03 EST
COPYRIGHT 1994 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 5, 1994

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters