ROCHESTER HILLS, Mich., June 7 /PRNewswire-FirstCall/ -- Energy
Conversion Devices, Inc. (ECD) (Nasdaq: ENER) announced the installation of
its UNI-SOLAR(R) ground-mounted amorphous thin-film photovoltaic (PV)
panels to power the 1.1 Megawatt solar energy system at Paramount Farms,
Inc., the world's largest vertically integrated supplier of pistachios and
almonds. The installation, which spans 8 acres, is one of the largest
single-site, privately-owned solar energy systems in the U.S. SolarCraft,
one of the most experienced solar energy contractors, completed the
installation.
James R. Metzger, Interim President and COO, noted: "While the industry
recognizes Uni-Solar as a premier provider of solar modules for integrated
rooftop system modules, the new Paramount Farms ground-mounted array design
showcases the advantages of Uni-Solar products to address the market for
ground-mounted installations. We are very proud to have been chosen by
SolarCraft."
"SolarCraft chose the Uni-Solar product for this project based on the
high production performance in very hot, dusty and low-light environments,
as well as the capability for SolarCraft to design a virtually
indestructible and theft-proof ground-mounted solar energy plant," said
Chris Bunas, Vice President of SolarCraft. "This is a perfect product in
the Calif. valley agricultural industry and many other areas that we are
currently looking at. We look forward to a continued relationship with
Uni-Solar."
This solar system enables Paramount Farms to generate enough clean
electricity each day to power 300 average homes. The new system will spare
the air nearly 2,600 tons of harmful greenhouse gases annually. Over the
next 30 years, the air pollution saved will be equivalent to driving over
176 million miles. The system will pay for itself in approximately 6 years.
About Energy Conversion Devices
Energy Conversion Devices is the leader in the synthesis of new
materials and the development of advanced production technology and
innovative alternative energy products and solutions. The company's
portfolio of alternative energy solutions and proprietary information
processing technologies features the latest advances in solar electric
power generation, NiMH batteries, and fuel cell, solid hydride storage and
phase-change memory technologies. ECD 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 holds the
basic patents in its fields. More information on the Company is available
at http://www.ovonic.com.
About United Solar Ovonic
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 SolarCraft
SolarCraft has been providing trustworthy and reliable solar energy
services in the North Bay for the past 25 years. Owners Dennis Nuttman and
Bill Stewart are pioneers within the solar industry in California, and
offer customers a wealth of experience in solar technology. Nuttman and
Stewart opened one of the first solar energy companies in the region over a
quarter of a century ago, and are experts in solar system design and
installation. With over 4,000 commercial and residential installations to
its credit, SolarCraft has installed more solar energy systems than any
other company in the North Bay. SolarCraft installs over 200 solar energy
systems per year. SolarCraft is here today and will be here tomorrow,
outlasting the "boom and bust" cycles of the solar energy industry.
This release may contain forward-looking statements within the meaning
of the Safe Harbor Provisions of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements are based on assumptions which
ECD, as of the date of this release, believes to be reasonable and
appropriate. ECD cautions, however, that the actual facts and conditions
that may exist in the future could vary materially from the assumed facts
and conditions upon which such forward-looking statements are based. 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,
could impact any forward- looking statements contained in this release.
SOURCE Energy Conversion Devices, Inc.
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Related links:
http://www.ovonic.com
http://www.uni-solar.com
CONTACT:
Qudrat Delawari, Vice President of North
American Sales of United Solar Ovonic, +1-800-397-2083,
qdelawari@uni-solar.com
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