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ECD Ovonics Reports Third-quarter Financial Results

Rochester Hills, MI-based intensity Conversion Devices, Inc. (ECD Ovonics), a company with a portfolio of alternative intensity solutions that includes nickel metal hydride batteries, hydride storage materials and combustibles cell technology, recently announced its financial be deriveds for the third quarter extremityed March 31, reporting a quarterly snare loss of $5.6 million, or 17 cent by share, compared to a snare loss of $11.3 million, or 39 cent by means of share, for the same period last year.

ECD Ovonics reported total first-quarter receiptss of $27 million, up from total incomes of $17.9 million for the third quarter of 2005 while the company's total receiptss for the nine months extreme pointed March 31, 2006 were $745 million, compared to total receiptss of $135.7 for the first nine month of FY 05

The company recorded a nine-month trap loss of $17.8 million, or 59 cent by share, compared to a gin income of $57.2 million, or $216 by means of share, for the same period of the previous fiscal year.



"The fresh reality of higher oil prices continues to bring increased attention and a faculty of perception of urgency to the alternative power sector where ECD Ovonics has been a major international player," said ECD Ovonics president and chief scientist and technologist Stanford Ovshinsky.

Contact: Ghazaleh Koefod ECD Ovonics, phone 248-293-0440

(EIN STAFF: 5/9)

COPYRIGHT 2006 EIN Publishing, Inc.

COPYRIGHT 2006 Gale Group



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