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Technology / AI and automation

CANON TO BUY 7% STAKE IN ENERGY CONVERSION DEVICES

Stanford Ovshinsky’s Energy Conversion Devices Inc in Troy, Michigan, is to sell a 7% stake in the company to Canon Inc, which will also get new licences for the company’s solar power technologies, pay $2m and cancel a $10m note; a US manufacturing joint venture between the two companies is also planned.

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CBR Staff Writer

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