PEVEPrimearth EV Energy Co. (Japan)
PEVEPanasonic Electric Vehicle Energy Co. Ltd. (Japan)
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Cobasys said the companies have also agreed to evaluate the feasibility of assembling PEVE battery packs at the Cobasys Springboro, OH manufacturing facility.
Additionally, the company said COBASYS and PEVE will cross license each other for current and future patents to avoid possible future litigation, with both companies planning to establish a joint development program to collaborate on the development of next-generation, high-performance NiMH batteries for HEVs.
b) Remedy concerning PEVE undertaken by the Company