San Diego, CA 7/8/2009 10:42:59 PM
Energy Conversion Devices: Solar Power's Gray Skies Are Clearing Up
Energy Conversion Devices, Inc. (NASDAQ:ENER) may finally be feeling some positive effects of President Obama's stimulus funds.
Energy Conversion Devices Inc., despite a broad downturn in the solar power sector, has remained focused and effective in its commercial and rooftop photovoltaic solar cell enterprise. As the Federal Government's stimulus package continues to trickle into the economy, solar power companies like Energy Conversion Devices should start to perform better.
Energy Conversion Devices, a manufacturer of a proprietary, thin film laminate announced last month the company had extended a supply agreement with EnergyPeak. The agreement points to internal confidence about the company's future.
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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.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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