ROCHESTER HILLS, Mich., Feb. 9 /PRNewswire-FirstCall/ -- United Solar Ovonic (USO), a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), today announced that its UNI-SOLAR® laminates have been uniquely integrated into a building in Piazza San Lorenzo, Italy, designed by the prestigious architectural firm of Mario Botta. The building, which accommodates retail, offices and apartments, is distinguished by its curved, retractable rooftop on which a photovoltaic (PV) system comprised of UNI-SOLAR flexible light weight laminates have been installed.
Mark Morelli, ECD's president and CEO, said, "Mario Botta's Gallarate installation is another excellent example of how architects and designers are using the unique properties of UNI-SOLAR laminates within the design of cutting edge architectural designs where typical glass panel products would not work. The end result is a beautiful building with a fully retractable UNI-SOLAR PV rooftop that produces clean energy."
The PV system is integrated into an EnerCover building integrated solution provided by Ondulit Italiana SpA. The PV system will help meet the energy needs of the structure by producing about 11kWh per year and avoiding the emission of 7.7 tons of CO2 per year.
About Energy Conversion Devices
Energy Conversion Devices, Inc. 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® 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 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 successfully integrate the acquisition of Solar Integrated Technologies; 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. 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.