What does Strategic Alliance mean for Cobasys?

so my company announced this and I am trying to understand what it means?

Published on March 16, 2007 By relswick In Business

Of course the article means we are expanding and it is through this method, but what does that mean from a business financial standpoint for our future?

What are some of your experiences with this and what other companies have done when they have announced this?

Here is a snippet from the linked article...

Thanks,
Rich

"Orion, MI, March 14, 2007–Cobasys LLC announced today that its owners, Energy Conversion Devices, Inc. (ECD Ovonics) (NASDAQ:ENER), through its affiliate Ovonic Battery Company, Inc. (OBC), and Chevron Technology Ventures LLC (CTV), a subsidiary of Chevron Corporation (NYSE: CVX), have agreed to explore strategic alternatives for Cobasys. Cobasys expects that this will enable it to further capitalize on global opportunities for integrated energy storage solutions in the rapidly growing hybrid electric vehicle and stationary power industries. "

and

"ECD Ovonics and CTV have engaged financial advisors to assist in the process. ECD Ovonics will be represented by UBS Investment Bank and CTV will be represented by Goldman, Sachs & Co. The parties are not disclosing the timing or the alternatives under consideration. "

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