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Re: ShortonCash post# 12326

Thursday, 01/22/2015 12:43:52 PM

Thursday, January 22, 2015 12:43:52 PM

Post# of 30168
De Neufville, Lee and Russotti were formerly employed by Energy Conversion Devices which was the original parent, via its Ovonic Battery Company subsidiary, of the Great Western Troy operations. They founded Voltaix in 1986. The Chief Executive Officer of Eutectix, John de Neufville, was formerly a Vice President and Director of Energy Conversion Devices, Inc., the Chief Executive Officer of the Ovonic Battery Company and the Chief Executive Officer and Principal Scientist of Voltaix, Inc.

– Eutectix, LLC recently acquired the manufacturing facilities and assets of Great Western Technologies Inc., a subsidiary of Great Western Minerals Group, Ltd. Acquisition of the factory in Troy, Michigan provides Eutectix with facilities for high tech manufacture of advanced materials.

Dr. John de Neufville, the Eutectix CEO, said, “Following our successful negotiations with Great Western Minerals Group, I am pleased to announce the transfer of the excellent team and all the manufacturing equipment from Great Western Technologies into our new company, Eutectix LLC. Our factory in Troy, Michigan will continue to supply a wide range of customized products and services designed to meet the requirements of current and future customers.

“It is our intention to build on the expertise with which our customers are already familiar, that of an innovative materials supplier, focused on the provision of fully characterized metals and alloys in various forms including castings, customized powder products and fabricated items. Alongside our extensive manufacturing facility we bring product development capability, offering new and exciting solutions to future customer requirements.”

More information about Eutectix can be found at www.eutectix.com.

About Eutectix

Eutectix LLC manufactures and processes metal alloys and battery electrodes at its facilities in Troy Michigan. Its custom alloys are used as additives for manufacturing high tolerance specialty alloys and for hydrogen storage, battery, and magnet applications. Current production has focused on hydrogen reactive metals, oxygen scavenging alloys and magnetic alloys.

If you follow the timing this is about when he was added to the board...

John P. de Neufville purchased the ChemOvonics Division from ECD in 1986 and founded Voltaix, Inc. a high purity specialty gas business which was sold to Air Liquide America in 2013. Subsequently, he purchased the assets formerly associated with the GM-ECD JV that produced the then novel nickel-metal hydride batteries for GM’s first all-electric car, the EV-1, creating a new company, Eutectix, LLC, based in Troy, MI and currently serving as Eutectix’ CEO and Chief Scientist

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