ROCHESTER HILLS, Mich., Oct. 27 /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 introduced its new UNI-SOLAR PowerTilt(TM) Solar Roof system - the lightest rack-mounted solar system available today. UNI-SOLAR PowerTilt solar rooftop systems are manufactured for the Building Applied Photovoltaic (BAPV) market.
The new UNI-SOLAR PowerTilt product will be available in 136 or 144 watts per panel, and offers unique features and benefits to the rooftop solar buyer.
Lightweight and Durable
UNI-SOLAR PowerTilt is ideal for low-load bearing roofs, can be installed without costly structural roof reinforcements, is glass-free and encapsulated in UV-stabilized, weather-resistant polymers. It holds up against high-winds, hail, and impacts and comes with a 25-year limited power warranty.
Easy to Install with No Roof Penetrations
At less than two pounds per square foot, it is easy to handle. Attachment options facilitate installation to a variety of roofing materials. The UNI-SOLAR PowerTilt assembly is also easy to remove for re-roofing. The integrated mounting frame of the UNI-SOLAR PowerTilt installs without roofing penetrations.
Lower Levelized Cost of Electricity.
Best of all, UNI-SOLAR PowerTilt's lower balance of systems costs and optimized energy output result in lower LCOE.
Mark Morelli, President and CEO for Energy Conversion Devices said, "This new product is another in a long line of innovations from United Solar. UNI-SOLAR PowerTilt offers excellent real-world power output in a lightweight product that is suited for application on any existing rooftop. We have proven ability to manufacture such innovative products in scale to meet the demands of the marketplace, and we look forward to continuing to introduce new products and setting the standard for lightweight solar rooftop solutions."
The UNI-SOLAR PowerTilt rooftop solar system is the newest member of United Solar's PowerLine of products. The UNI-SOLAR PowerTilt is on display at 2009 Solar Power International at the Company's booth 1111, and will be available for purchase in January 2010.
About Energy Conversion Devices
Energy Conversion Devices is a leader in building integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. Through its Solar Integrated Technologies business, the company also designs, manufactures and installs rooftop photovoltaic systems which enable customers to transform unused space on the rooftop into a value-generating asset. For more information, please visit www.energyconversiondevices.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. 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 maintain our customer relationships; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and our customers' ability to access the capital needed to finance the purchase of our products; and risks associated with integrating Solar Integrated Technologies, Inc. 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.