ENER Accretion Acquisition Corporation

Award honors Ovshinsky for his pioneering work and inventions in the field of amorphous semiconductor materials ROCHESTER HILLS, Mich., Jan. 25 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD Ovonics) (NASDAQ:ENER) today announced that Stanford R. Ovshinsky, president and chief scientist and technologist of ECD Ovonics, was selected to receive one of the top annual awards presented by Sigma Xi, The Scientific Research Society. Ovshinsky will be presented with the 2007 Walston Chubb Award for Innovation in Orlando, Fla., in November 2007. The Sigma Xi's Walston Chubb Award for Innovation is designed to honor and promote creativity among scientists and engineers and is only the second time this new award has been presented. Ovshinsky is being honored for pioneering the fundamentally new science of amorphous and disordered materials which has opened up new technologies with far-reaching benefits. In 1960, Stan Ovshinsky and his wife, the late Dr. Iris Ovshinsky, founded ECD Ovonics to use science and technology based on his discoveries to solve fundamental societal problems by offering innovative solutions that can build new basic industries. Ovshinsky's pioneering work in the field has become the enabling technology in energy generation, including thin-film triple-junction photovoltaics; energy storage, including Ovonic NiMH batteries for hybrid and electric vehicles and consumer applications; and information technology, including phase-change optical media and electronic memories. Ovshinsky has approximately 350 U.S. patents and is the author of over 275 scientific papers ranging from neurophysiology to amorphous semiconductors. His many awards include the Diesel Gold Medal for Invention from the German Inventors Association, the Coors American Ingenuity Award, the Toyota Award for Advancement, and the 2005 Innovation Award for Energy and the Environment by The Economist. In 1999, he was named a "Hero for the Plant" by Time magazine. Stan and Iris Ovshinsky were named as Heroes of Chemistry 2000 by the American Chemical Society. About Sigma Xi: Founded in 1886, Sigma Xi is the international honor society for research scientists and engineers, with more than 500 chapters in North America and around the world. In addition to publishing American Scientist, the society sponsors a number of programs that promote science and engineering. Sigma Xi's administrative offices are in Research Triangle Park, N.C. About ECD Ovonics: ECD Ovonics is the leader in the synthesis of new materials and the development of advanced production technology and innovative products. It has invented, pioneered and developed its proprietary, enabling technologies in the fields of energy and information leading to new products and production processes based on amorphous, disordered and related materials. The Company's portfolio of alternative energy solutions includes Ovonic thin-film amorphous solar cells, modules, panels and systems for generating solar electric power; Ovonic NiMH batteries; Ovonic hydride storage materials capable of storing hydrogen in the solid state for use as a feedstock for fuel cells or internal combustion engines or as an enhancement or replacement for any type of hydrocarbon fuel; and Ovonic fuel cell technology. ECD Ovonics' proprietary advanced information technologies include Ovonic phase-change electrical memory, Ovonic phase-change optical memory and the Ovonic Threshold Switch. ECD Ovonics designs and builds manufacturing machinery that incorporates its proprietary production processes, maintains ongoing research and development programs to continually improve its products and develops new applications for its technologies. ECD Ovonics holds the basic patents in its fields. For more information about ECD Ovonics visit http://www.ovonic.com/. DATASOURCE: Energy Conversion Devices, Inc. CONTACT: Ghazaleh Koefod, Investor Relations, or Dick Thompson, Media Relations, both of Energy Conversion Devices, Inc., +1-248-293-0440 Web site: http://www.ovonic.com/

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