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ECD Ovonics President and Chief Scientist and Technologist Awarded Sigma Xi's 2007 Walston Chubb Award for Innovation

 Award honors Ovshinsky for his pioneering work and inventions in the field
                    of amorphous semiconductor materials

    ROCHESTER HILLS, Mich., Jan. 25 /PRNewswire-FirstCall/ -- Energy
Conversion Devices, Inc. (ECD Ovonics) (Nasdaq: ENER) today announced that
Stanford R. Ovshinsky, president and chief scientist and technologist of
ECD Ovonics, was selected to receive one of the top annual awards presented
by Sigma Xi, The Scientific Research Society. Ovshinsky will be presented
with the 2007 Walston Chubb Award for Innovation in Orlando, Fla., in
November 2007.
    The Sigma Xi's Walston Chubb Award for Innovation is designed to honor
and promote creativity among scientists and engineers and is only the
second time this new award has been presented. Ovshinsky is being honored
for pioneering the fundamentally new science of amorphous and disordered
materials which has opened up new technologies with far-reaching benefits.
    In 1960, Stan Ovshinsky and his wife, the late Dr. Iris Ovshinsky,
founded ECD Ovonics to use science and technology based on his discoveries
to solve fundamental societal problems by offering innovative solutions
that can build new basic industries. Ovshinsky's pioneering work in the
field has become the enabling technology in energy generation, including
thin-film triple-junction photovoltaics; energy storage, including Ovonic
NiMH batteries for hybrid and electric vehicles and consumer applications;
and information technology, including phase-change optical media and
electronic memories. Ovshinsky has approximately 350 U.S. patents and is
the author of over 275 scientific papers ranging from neurophysiology to
amorphous semiconductors. His many awards include the Diesel Gold Medal for
Invention from the German Inventors Association, the Coors American
Ingenuity Award, the Toyota Award for Advancement, and the 2005 Innovation
Award for Energy and the Environment by The Economist. In 1999, he was
named a "Hero for the Plant" by Time magazine. Stan and Iris Ovshinsky were
named as Heroes of Chemistry 2000 by the American Chemical Society.
    About Sigma Xi:
    Founded in 1886, Sigma Xi is the international honor society for
research scientists and engineers, with more than 500 chapters in North
America and around the world. In addition to publishing American Scientist,
the society sponsors a number of programs that promote science and
engineering. Sigma Xi's administrative offices are in Research Triangle
Park, N.C.
    About ECD Ovonics:
    ECD Ovonics is the leader in the synthesis of new materials and the
development of advanced production technology and innovative products. It
has invented, pioneered and developed its proprietary, enabling
technologies in the fields of energy and information leading to new
products and production processes based on amorphous, disordered and
related materials. The Company's portfolio of alternative energy solutions
includes Ovonic thin-film amorphous solar cells, modules, panels and
systems for generating solar electric power; Ovonic NiMH batteries; Ovonic
hydride storage materials capable of storing hydrogen in the solid state
for use as a feedstock for fuel cells or internal combustion engines or as
an enhancement or replacement for any type of hydrocarbon fuel; and Ovonic
fuel cell technology. ECD Ovonics' proprietary advanced information
technologies include Ovonic phase-change electrical memory, Ovonic
phase-change optical memory and the Ovonic Threshold Switch. ECD Ovonics
designs and builds manufacturing machinery that incorporates its
proprietary production processes, maintains ongoing research and
development programs to continually improve its products and develops new
applications for its technologies. ECD Ovonics holds the basic patents in
its fields. For more information about ECD Ovonics visit http://www.ovonic.com.


SOURCE Energy Conversion Devices, Inc.




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    CONTACT:
    Ghazaleh Koefod, Investor Relations, or Dick
    Thompson, Media Relations, both of Energy Conversion Devices,
    Inc., +1-248-293-0440