Cobasys and Panasonic EV Energy (PEVE), a joint venture between Matsushita Electric Industrial Co. and Toyota, have expanded the license terms between them for NiMH battery systems for electric vehicles.
The expanded rights will permit PEVE to solicit and sell Nickel Metal Hydride (NiMH) battery products for certain North American transportation applications. In return, Cobasys will receive royalties on PEVE North American sales of NiMH battery products through 2014.
Under the terms of the expanded agreement, Cobasys and PEVE will continue to cross license each other for current and future patents through 2014.
They will also maintain their technical cooperation to advance NiMH technology products and continue their joint development for the next generation of high-performance NiMH battery products for hybrid electric vehicles (HEVs). The parties have also agreed to evaluate the feasibility of assembling PEVE battery packs at the Cobasys Springboro, Ohio, manufacturing facility.
Cobasys is a joint venture between designs and manufactures advanced Nickel Metal Hydride (NiMH) battery system solutions for transportation markets, including HEV, Electric Vehicles (EV) and 42 volt applications, in addition to Stationary Back-Up power supply systems for Uninterruptible Power Supply systems (UPS), Telecom and Distributed Generation requirements.
Cobasys is a joint venture between Chevron Technology Ventures LLC, a subsidiary of Chevron Corporation, and Energy Conversion Devices.