ROCHESTER HILLS, Mich., Sept. 2 /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 announced the appointment of Dr. Alan E.
Barton to its Board of Directors, effective September 1, 2008. Dr. Barton is
presently an Executive Vice President at Rohm and Haas.
'I am very excited about joining the Board of such a dynamic and fast
growing company,' said Dr. Alan Barton. 'ECD has a tremendous reputation in
the critically important solar market and has truly differentiated products
based on outstanding technology. I am honored to become a member of the ECD
team at such an important time for the company.'
Mark Morelli, ECD's president and chief executive officer noted, 'Alan
brings extensive international strategic and operational expertise to ECD, and
we are very fortunate to have Alan as one of our Board members. Alan's 24 year
career in the chemical industry - a key element of our supply chain - will be
of tremendous benefit to the company as we continue our rapid growth, and
expand our leadership in the rooftop and building-integrated PV markets.'
Dr. Barton joined Rohm and Haas in 1984 as a senior research scientist in
the Agricultural Chemicals business. His 24-year career at the company
includes experience in the areas of scientific research, product development,
business development, sales and business management. Dr. Barton has extensive
management experience in Europe as well as North America. He was elected a
vice president of Rohm and Haas in 1999, and named to the Executive Council in
2001. Dr. Barton also oversaw the company operations in Asia-Pacific as
regional director from 2004 to 2005. Dr. Barton holds a B.A. degree in
Chemistry from Oxford University in the United Kingdom (1978), and a Ph.D. in
Organic Chemistry from Harvard University (1984).
About Energy Conversion Devices
Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) 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(R) 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.ovonic.com .
This release contains 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 achieve sustainable profitability;
our ability to maintain our customer relationships; our ability to expand our
manufacturing capacity in a timely and cost-effective manner; the worldwide
demand for electricity and the market for solar energy; the supply and price
of components and raw materials for our products; and the resolution of
pending legal disputes. 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.
