Rochester Hills.

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

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

The company recorded a nine-month without deductions loss of $17.8 million, or 59 cent by share, compared to a without deductions income of $57.2 million, or $216 through share, for the same period of the previous fiscal year.

"The just discovered reality of higher oil prices continues to bring increased attention and a sensation of urgency to the alternative vigor 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)

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