Feature News

ROCHESTER HILLS, Mich., Jan. 14 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a global manufacturer of thin- film flexible solar laminate products for the building integrated and commercial rooftop markets, today named Ted Amyuni President - Europe, Middle East and Africa (EMEA). Mr. Amyuni has over 30 years of senior executive global leadership experience in general management, operations management and commercial leadership roles.

Mr. Amyuni joins ECD from Carrier Corporation where he has served in a number of key executive leadership roles in the US, Europe and the Middle East - including serving as President of Carrier Refrigeration and President of Carrier Transicold. In this new role Amyuni will be responsible for developing the EMEA team and leading all commercial activities in those regions. Mr. Amyuni will make his office in Paris, France.

"We are extremely pleased to welcome Ted to ECD," said Mark Morelli, president and CEO of Energy Conversion Devices. "Ted is a dedicated leader who brings the kind of international knowledge, experience, and insight necessary to drive ECD's European and Middle Eastern growth."

Mr. Amyuni holds a BSME degree from The American University of Beirut and is a native French speaker who is fluent in English and Arabic. He has held international management assignments in the United States, Europe and the Middle East.

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 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 sustain 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 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.