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United Solar Ovonic Signs Three-Year Agreement With Advanced Green Technologies for $108 Million of Photovoltaic Products

Posted on: Tuesday, 24 July 2007, 09:23 CDT

AUBURN HILLS, Mich., July 24 /PRNewswire-FirstCall/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. , announced today that it has signed a three-year distributor agreement with Advanced Green Technologies, Inc. for $108 Million of Photovoltaic (PV) products.

A unit of Advanced Roofing, Inc., Advanced Green Technologies is offering sustainable building integrated solutions and renewable energy products for commercial and residential roofing applications using UNI-SOLAR(R) products.

California and 12 other states have recently embraced energy efficiency initiatives and renewable energy policies in efforts to reduce greenhouse gas emissions.

"We are convinced that our relationship with Advanced Green Technologies will further successful installations of building integrated solar power systems and demonstrate the use of UNI-SOLAR(R) products for improved energy self-reliance," said Subhendu Guha, President and Chief Operating Officer of United Solar Ovonic.

Unlike traditional crystalline technology, which typically uses heavy glass panels, UNI-SOLAR(R) products are flexible, durable, lightweight, and easy to install. Because of these characteristics, UNI-SOLAR(R) triple- junction products offer the ideal solution for both grid-connected and off- grid solar electric systems. Independent studies in Europe and elsewhere have shown that triple-junction products deliver more energy per rated power than the conventional crystalline products.

United Solar Ovonic, building on technology invented and pioneered by ECD, is the world leader in thin-film amorphous photovoltaics. Because of characteristics unique to the United Solar Ovonic solar cell technology, such as lightweight, ruggedness and flexibility, it is ideal as building-integrated photovoltaic roofing systems for residential and industrial customers. ECD and United Solar Ovonic hold the basic patents covering the continuous roll- to-roll manufacturing of thin-film amorphous-silicon alloy multi-junction solar cells and related products. More information is available at http://www.uni-solar.com/.

About Advanced Green Technologies

Advanced Green Technologies is an innovative design company that can provide sustainable building solutions and renewable energy products for residential and commercial applications. As a leading distributor, Advanced Green Technologies offers the most advanced and efficient solutions to its clients. Advanced Green Technologies connects the sustainable construction industry with the leading providers of photovoltaic solutions. Advance Green Technologies allows roofing manufacturers and contractors to take part in the advancement of green technologies. Through education, certification, and distribution, Advanced Green Technologies permits industry leaders to provide the best BIPV solution to clients.

United Solar Ovonic LLC

CONTACT: Qudrat Delawari Vice President of United Solar Ovonic LLC,+1-858-530-8586; Michael Kornahrens, Vice President of Advanced GreenTechnologies, +1-954-735-2641

Web site: http://www.ovonic.com/http://www.uni-solar.com/(ENER) http://www.advancedgreentech.com/

Source: PRNewswire-FirstCall

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