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Energy Conversion Devices’ Dr. Subhendu Guha Wins 2009 PVSEC Award for R&D on Solar Photovoltaics

February 3, 2009

Award honors individuals for outstanding contributions to the development of science and technology of photovoltaic solar energy conversion

ROCHESTER HILLS, Mich., Feb. 3 /PRNewswire-FirstCall/ –Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced that Dr. Subhendu Guha, Senior Vice President of ECD and Chairman of United Solar Ovonic, a wholly owned subsidiary of ECD, has been named the winner of the PVSEC Award for R&D on Solar Photovoltaics.

Dr. Guha was announced the winner of the award on the opening day of the 18th International Photovoltaic Science and Engineering Conference that took place in Kolkata, India in January. The award honors individuals for outstanding contributions to the development of science and technology of photovoltaic solar energy conversion. The citation noted Dr. Guha’s innovative contribution in the development and production of multi-junction amorphous silicon-based materials, devices and products.

“I’m honored to receive this award. It is personally gratifying, and I particularly appreciate the collaboration of my colleagues to carry out cutting-edge research to develop products that have great societal values,” said Dr. Guha.

Mark Morelli, ECD’s president and chief executive officer said, “Dr. Guha is a world-renowned authority in photovoltaic technology, with more than 25 years of experience in the development and manufacture of solar panels. His contribution to the field of photovoltaic energy has been outstanding, and this award is a well-deserved acknowledgment of that fact.”

Dr. Guha has written over 250 technical papers for publications in the field of semiconductors and holds more than 30 patents. In addition, he serves in many national and international photovoltaic committees, including the Advisory Board of National Center for Photovoltaic — the body responsible for directing and implementing the U.S. Department of Energy’s strategy in photovoltaic. His work has received recognition from the U.S. Department of Energy, Bright Lights Award, and the Discovery Magazine, Environment Category. He was also the recipient of World Technology award in 2005 in the Energy category.

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 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; our ability to expand our manufacturing capacity in a timely and cost-effective manner; 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.

SOURCE Energy Conversion Devices, Inc.


Source: newswire



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