Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation
Green Car Congress
FEBRUARY 14, 2012
51-year-old Energy Conversion Devices, Inc. As part of its bankruptcy plan, ECD intends to sell through separate sales its wholly owned operating subsidiary United Solar Ovonic LLC (USO) and other assets, including its minority stake in Ovonyx, Inc. 35 OBC employees have been hired by BASF as part of this transaction.
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