ECD Ovonics licenses NiMH battery tech to G4 Synergetics

ECD Ovonics, a pioneer in nickel metal hydride battery technology has agreed to license some of their patents to G4 Synergetics. G4 will pay royalties to Ovonics in order to build NiMH batteries consumer applications and potentially also Chinese scooter and bicycle applications. They won't be allowed to make batteries for any automotive or other transport uses.

[Source: ECD Ovonics]