Agreement to expand sale of UNI-SOLAR(R) products in France
AUBURN HILLS, Mich., Sept. 17 /PRNewswire-FirstCall/ -- United Solar
Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc.
(Nasdaq: ENER), announced today that it has signed an 18-month agreement
with EDF Energies Nouvelles (EDF EN) for the supply of 12 MW, with an
option to buy an additional 18 MW, of UNI-SOLAR(R) thin-film photovoltaic
(PV) laminates to be used for large-scale installations on industrial and
commercial buildings.
Headquartered in Paris, France, EDF EN will use UNI-SOLAR(R) laminates
to develop its photovoltaic business especially in the building-integrated
segment.
"This is another important illustration of the potential of UNI-SOLAR
products in large-scale commercial installations," said Subhendu Guha,
president and chief operating officer of United Solar Ovonic. "These
installations benefit our customers, and they benefit the environment. We
are pleased to help lead the growing movement toward the increased use of
renewable sources of energy."
"This new agreement demonstrates the acceptance of our product in the
European market. With the feed-in tariff recently approved in France, there
is a preference for building-integrated photovoltaic installations. Our
agreement with EDF EN follows our overall strategic plan to expand our
presence in emerging markets like France," said Salama Naguib, vice
president of global sales & marketing at United Solar Ovonic.
Unlike traditional crystalline technology, which typically uses heavy
glass panels, UNI-SOLAR products are flexible, durable, lightweight, and
easy to install. Because of these characteristics, UNI-SOLAR
triple-junction products offer the ideal solution for both grid-connected
and off-grid solar electric systems. Independent studies in Europe and
elsewhere have shown that triple-junction products deliver more energy per
rated power than the conventional crystalline products.
"The lightweight and flexible UNI-SOLAR products are ideal for
integration with the roofs of industrial and commercial buildings. We are
pleased to work with United Solar Ovonic to expand our market reach," said
Paris Mouratoglou, Chairman of the Board of Directors of EDF Energies
Nouvelles.
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 EDF Energies Nouvelles
Founded in 1990, EDF Energies Nouvelles is a world-class player in the
green electricity generation market, with gross installed capacity of 1,188
MW worldwide as of June 2007 (including net capacity of 868MW), plus 1,199
MW gross capacity under construction (including 630 MW net). With a
presence in 9 European countries and in the United States, EDF Energy
Nouvelles operates in four renewable energy segments (wind, hydro, biomass
and solar). More information is available at
http://www.edf-energies-nouvelles.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. 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 United Solar Ovonic LLC
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Related links:
http://www.uni-solar.com
http://www.edf-energies-nouvelles.com
CONTACT:
Ghazaleh Koefod, Investor Relations, Energy
Conversion Devices, Inc., +1-248-293-0440; or Tracey Rettig,
Corporate Communications Specialist, United Solar Ovonic LLC,
+1-248-364-5781
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