ROCHESTER HILLS, Mich., Sept. 2 /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 the appointment
of Dr. Alan E. Barton to its Board of Directors, effective September 1,
2008. Dr. Barton is presently an Executive Vice President at Rohm and Haas.
"I am very excited about joining the Board of such a dynamic and fast
growing company," said Dr. Alan Barton. "ECD has a tremendous reputation in
the critically important solar market and has truly differentiated products
based on outstanding technology. I am honored to become a member of the ECD
team at such an important time for the company."
Mark Morelli, ECD's president and chief executive officer noted, "Alan
brings extensive international strategic and operational expertise to ECD,
and we are very fortunate to have Alan as one of our Board members. Alan's
24 year career in the chemical industry - a key element of our supply chain
- will be of tremendous benefit to the company as we continue our rapid
growth, and expand our leadership in the rooftop and building-integrated PV
markets."
Dr. Barton joined Rohm and Haas in 1984 as a senior research scientist
in the Agricultural Chemicals business. His 24-year career at the company
includes experience in the areas of scientific research, product
development, business development, sales and business management. Dr.
Barton has extensive management experience in Europe as well as North
America. He was elected a vice president of Rohm and Haas in 1999, and
named to the Executive Council in 2001. Dr. Barton also oversaw the company
operations in Asia-Pacific as regional director from 2004 to 2005. Dr.
Barton holds a B.A. degree in Chemistry from Oxford University in the
United Kingdom (1978), and a Ph.D. in Organic Chemistry from Harvard
University (1984).
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 http://www.ovonic.com .
This release contains 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 achieve sustainable
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 the resolution of pending legal disputes. 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.
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Related links:
http://www.ovonic.com
CONTACT:
Mark Trinske, Vice President, Investor
Relations & Communications, Energy Conversion Devices, Inc.,
+1-248-299-6063
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