October 31, 2008

Energy Conversion Devices to Announce First Quarter Fiscal Year 2009 Results On Monday, November 10, 2008

ROCHESTER HILLS, Mich., Oct. 31, 2008 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER) will report financial results for the first quarter ended September 30, 2008 on Monday, November 10, 2008 before the market opens.

In conjunction with the release, ECD management will host a conference call at 10:00 a.m. ET on Monday, November 10, to review the financial results. To participate in the conference call, please dial 877-858-2512 or 706-634-6076 (international) at least 15 minutes prior to the start of the call. Callers will need to reference conference ID number 71196238.

The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls - section of the company's website at www.ovonic.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m. November 12, 2008 and may be accessed by dialing (800) 642-1687 or (706) 645-9291 (international) and entering conference ID number 71196238. The webcast will be archived on the Company's website.

About Energy Conversion Devices:

Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR(r) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com.

This news release was distributed by GlobeNewswire, www.globenewswire.com

 CONTACT: Energy Conversion Devices, Inc.          Mark Trinske, Vice President, Investor Relations           and Communications          (248) 299-6063