ENER Accretion Acquisition Corporation

Agreement to expand sale of UNI-SOLAR(R) products in Italy AUBURN HILLS, Mich., July 6 /PRNewswire-FirstCall/ -- United Solar Ovonic, a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD Ovonics) (NASDAQ:ENER), announced today that it has signed multi-year cooperative agreements with Spazio Energia and Sunerg Solar of Italy to supply a total of 46 MW of photovoltaic (PV) laminates. Spazio Energia will use UNI-SOLAR(R) laminates in Italy to build large- scale PV Solar Parks in the first phase of Italy's "Gigawatt Scale" PV Solar Park Initiative. Sunerg Solar, a well-known PV distributor and system integrator since 1992, will use UNI-SOLAR laminates to satisfy the needs of its customers and distribution channels in the Italian market. "With the new tariff rates established by the Italian Government to promote the use of PV products, the Italian market is expected to grow significantly in the coming years. Our cooperative agreements with these two companies follow our overall strategic plan to expand our presence in emerging markets like Italy," said Salama Naguib, Vice President, Global Sales & Marketing of United Solar Ovonic. "We are convinced that Italy will pave the way for Mediterranean countries to increase their level of financial commitment for the installation of PV power, and that our thin-film triple-junction technology will play a significant role in this regard," said Dr. Claas Helmke, head of Strategic Development of United Solar Ovonic in Europe. Unlike traditional crystalline technology, which typically uses heavy glass panels, UNI-SOLAR products are flexible, durable, lightweight, and easy to install. Because of these characteristics, UNI-SOLAR triple-junction products offer the ideal solution for both grid-connected and off-grid solar electric systems. Independent studies in Europe and elsewhere have shown that triple-junction products deliver more energy per rated power than the conventional crystalline products. "We decided to use UNI-SOLAR products because of these advantages," said Mario Carfagna, CEO of Spazio Energia. About United Solar Ovonic United Solar Ovonic, building on technology invented and pioneered by ECD Ovonics, is the world leader in thin-film amorphous photovoltaics. ECD's United Solar Ovonic high-volume production equipment is the world's largest and most advanced machine for the manufacture of thin-film amorphous-silicon alloy solar cells and related products that are used for a variety of applications. Because of characteristics unique to the United Solar Ovonic solar cell technology, such as lightweight, ruggedness and flexibility, it is ideal as building-integrated photovoltaic roofing systems for residential and industrial customers. ECD Ovonics holds the basic patents covering the continuous roll-to-roll manufacturing of thin-film amorphous-silicon alloy multi-junction solar cells and related products. More information is available at http://www.uni-solar.com/ . About Spazio Energia Spazio Energia S.R.L. (http://www.spacenergy.it/ ) has been working with the Italian government to promote the "Solar Economy" and has been selected to participate in the first phase of the Gigawatt Scale PV Solar Park Initiative. Italy is inside the European Sun-Belt and has severe electricity generation and greenhouse gas (GHG) emission concerns. Spazio Energia's overall objective is to encourage the Italian Government to open the next Feed-in Tariff decree to multi-year investment applications in the gigawatt scale. About Sunerg Solar Sunerg Solar S.R.L. (http://www.sunergsolar.com/ ) has 28 years of experience in solar-powered thermal energy as manufacturer and distributor, and 14 years of experience in PV as a system integrator and wholesaler in the Italian and international markets. Through its various subsidiaries, Sunerg Solar is expanding its market reach to address the growing Italian PV market. DATASOURCE: United Solar Ovonic CONTACT: Dr. Claas Helmke, Head of Strategic Development, United Solar Ovonic Europe GmbH, +(49) 24196321132, ; Mario Carfagna, CEO, Spazio Energia S.R.L., +(39) 075 8064012, ; Salama Naguib, VP, Global Sales & Marketing, United Solar Ovonic LLC, +1-248-364-5700, ; Luciano Lauri, Managing Director, Sunerg Solar S.R.L., +(39) 075 854327, Web site: http://www.ovonic.com/ http://www.uni-solar.com/ http://www.spacenergy.it/ http://www.sunergsolar.com/

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