Energy Conversion Devices To Install Solar Roofing System at East Los Angeles College
November 09 2009 - 8:55AM
PR Newswire (US)
ROCHESTER HILLS, Mich., Nov. 9 /PRNewswire-FirstCall/ -- Energy
Conversion Devices, Inc. (ECD) (NASDAQ:ENER), a manufacturer of
proprietary, thin-film amorphous silicon-based photovoltaic (PV)
laminates, along with its wholly owned subsidiary Solar Integrated
Technologies, announced today an agreement to install a 365kW
building-integrated solar roofing system at East Los Angeles
College (ELAC) as part of a contract with Chevron Energy Solutions,
energy services provider for the ELAC project. "This project
provides us with a unique opportunity to help East Los Angeles
College save money and prepare for a greener future," said Mark
Morelli, president and CEO of ECD. "Our recent acquisition of Solar
Integrated Technologies more vertically integrates our company and
gives us the capabilities we need to install this UNI-SOLAR
building-integrated membrane roof for ELAC." In addition to
installing a new, energy-efficient PV roofing system, the energy
services contract bundles multiple energy efficiency improvements
into a single package that includes upgrading the facilities'
lighting, insulation and HVAC systems. About Energy Conversion
Devices Energy Conversion Devices is a leader in building
integrated and rooftop photovoltaics. The company manufactures,
sells and installs thin-film solar laminates that convert sunlight
to energy using proprietary technology. ECD's UNI-SOLARĀ® brand
products are unique because of their flexibility, light weight,
ease of installation, durability, and real-world efficiency.
Through its Solar Integrated Technologies business, the company
also designs, manufactures and installs rooftop photovoltaic
systems which enable customers to transform unused space on the
rooftop into a value-generating asset. For more information, please
visit http://www.energyconversiondevices.com/. This release may
contain forward-looking statements within the meaning of the Safe
Harbor Provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements include statements concerning
our plans, objectives, goals, strategies, future events, future net
sales or performance, capital expenditures, financing needs, plans
or intentions relating to expansions, business trends and other
information that is not historical information. All forward-looking
statements are based upon information available to us on the date
of this release and are subject to risks, uncertainties and other
factors, many of which are outside of our control, that could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Risks that could cause such results
to differ include: our ability to sustain profitability; our
ability to maintain our customer relationships; the worldwide
demand for electricity and the market for solar energy; the supply
and price of components and raw materials for our products; and our
customers' ability to access the capital needed to finance the
purchase of our products. The risk factors identified in the ECD
filings with the Securities and Exchange Commission, including the
company's most recent Annual Report on Form 10-K and most recent
Quarterly Report on Form 10-Q, could impact any forward-looking
statements contained in this release. DATASOURCE: Energy Conversion
Devices, Inc. CONTACT: Mark Trinske, Vice President, Investor
Relations and Communications, Energy Conversion Devices,
+1-248-299-6063 Web Site: http://www.energyconversiondevices.com/
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