ROCHESTER HILLS, Mich., Dec. 11 /PRNewswire-FirstCall/ -- Energy
Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a leading global
manufacturer of solar products, today conducted its annual stockholders
meeting in Troy, Michigan.
All seven nominees for director were re-elected at the meeting,
including the six independent directors, Joseph A. Avila, Robert I. Frey,
William J. Ketelhut, Florence I. Metz, Stephen Rabinowitz, and George A.
Schreiber, Jr. Mark D. Morelli, ECD's president and CEO, was also among the
nominees re- elected at today's meeting. Mr. Rabinowitz was elected as
Chairman, succeeding Robert C. Stempel who retired today as previously
announced.
In addition, stockholders ratified Grant Thorton LLP as ECD's
independent public accounting firm, and approved the company's Annual
Incentive Program as well as its Amended and Restated Certificate of
Incorporation. The company withdrew the proposal to authorize up to
20,000,000 shares of preferred stock.
About Energy Conversion Devices
Energy Conversion Devices, Inc. manufactures and sells thin-film solar
laminates that convert sunlight to energy. Distributed globally under the
UNI-SOLAR(R) brand, the company's products are based on proprietary
technology and offer superior cost-effective solutions for roofing
applications because they are lightweight, durable, flexible, can be
integrated directly with building materials, and generate more energy in
real- world conditions. ECD pioneers other alternative technologies,
including a new type of nonvolatile digital memory technology that is
significantly faster and less expensive, ideal for use in a variety of
applications, including cell phones, digital cameras and personal
computers. For more information on our company, please visit
http://www.ovonic.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
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:
Ghazaleh Koefod, Investor Relations, Energy
Conversion Devices, Inc., +1-248-293-0440
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