ROCHESTER HILLS, Mich., Jan. 26 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) today announced the installation of 1.87MW of UNI-SOLAR® brand photovoltaic (PV) laminates on the Flanders Expo in Ghent, Belgium.
The UNI-SOLAR laminates were integrated by Derbigum into a light weight building-integrated (BIPV) DERBISOLAR® product. DERBISOLAR integrates UNI-SOLAR laminates with a highly durable roofing membrane to form a waterproof BIPV solar solution.
Derbigum chose UNI-SOLAR laminates because they are light and flexible; there is no perforation of the roofing membrane, they have excellent performance in diffuse light, and UNI-SOLAR laminates are highly damage resistant since the solar cells are concealed inside a polymer laminate and not glass.
Mark Morelli, ECD's president and CEO, said, "The Flanders Expo installation is an excellent example of how we work with our channel partners to develop BIPV solutions for our customers. We are very pleased with the final project, and the fact that the Flanders Expo installation is expected to produce 1.5 million kWh of clean energy per year, representing the power consumption of approximately 454 families."
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.