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UNI-SOLAR(R) Brand Photovoltaics to be Integrated on Roof of First Net-Zero Elementary School in the Country

United Solar, a leading global manufacturer of building-integrated and rooftop photovoltaics under its UNI-SOLAR(R) brand – and a wholly-owned subsidiary of Energy Conversion Devices today announced its UNI-SOLAR photovoltaic rooftop products will be utilized on a unique, first-ever new school construction project in Kentucky.

Morton Solar & Wind, LLC has been awarded a $2.16 million contract to install a 340KW photovoltaic system on the new Richardsville Elementary School currently under construction near Bowling Green, Kentucky. The system will be the largest photovoltaic system in Kentucky to date and the school is projected to be the first net-zero energy elementary school in the United States. A net-zero building produces as much energy as it uses.

“United Solar is very happy to be an integral part of an overall net-zero energy project that highlights our UNI-SOLAR rooftop industry-leading flexible, thin-film, low impact and low profile solar laminates,” said Mark Morelli, President and CEO of United Solar’s parent company, Energy Conversion Devices. “And doing so in a situation where today’s environmentally-conscious school children are impacted both inside and outside the classroom is the best part of being involved.”

The school will employ various energy efficiency technologies in addition to the photovoltaic system, including geothermal HVAC, active solar lighting, efficient kitchen strategies, ICF walls, and energy efficient windows. The photovoltaic system will be a “grid-tied” system that will feed energy back into the power grid. The school will receive $0.22 per kilowatt/hour for the solar energy from the local utility company funded by the Green Power Partners program of Tennessee Valley Authority.

Morton Solar & Wind will be partnering with Advanced Electrical Systems of Louisville, Kentucky, on the $2.4 million project. Morton Solar & Wind, LLC is a NABCEP certified renewable energy systems designer & installer based in Evansville, Indiana.

About Energy Conversion Devices/United Solar

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(R) 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. In addition, ECD’s Ovonic Materials Division is the pioneer in NiMH battery technology, and is developing low cost fuel cells, hydrogen production from bioreformation, and hydrogen storage technologies. 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 product. 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.

CONTACT: Lovio George
Tom Lang