United Solar Ovonic Signs Multi-Year Supply Agreement with Enfinity for 21.15 MW of Photovoltaic Laminates
06 10월 2007 - 12:15AM
PR Newswire (US)
AUBURN HILLS, Mich., Oct. 5 /PRNewswire/ -- United Solar Ovonic
LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc.
(NASDAQ:ENER), announced today that it has signed a multi-year
supply agreement with Enfinity Management BVBA for 21.15 MW of
UNI-SOLAR(R) thin-film photovoltaic (PV) laminates. Under the
agreement, United Solar will supply Enfinity 1.15MW in calendar
year 2007 and 10MW in each of the calendar years 2008 and 2009.
Enfinity intends to use the UNI-SOLAR(R) products for roof-top
installations in Europe. "The UNI-SOLAR product is uniquely suited
for roof-top applications because it is lightweight, provides
superior electricity generation and integrates directly into the
roof structure. These advantages, combined with the ease of
installation, provide a cost-effective solution that we can offer
to our customers," said Gino Van Neer, Chief Executive Officer of
Enfinity. Enfinity, headquartered in Ghent, Belgium, has raised
private equity funds for PV projects in Europe. It has already
financed PV projects with a total capacity of more than 30MW and is
planning to finance several hundred megawatts through 2010. "We are
pleased to have established this multi-year supply relationship
with Enfinity, a leading investor in PV projects. Investors like
Enfinity see the unique value proposition offered by our UNI-SOLAR
products, particularly for roof-top systems where our product
features provide a cost-effective PV solution. We look forward to
working closely with Enfinity and its customers on the success of
these roof-top projects," said Subhendu Guha, the President and
Chief Operating Officer of United Solar Ovonic. 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. About United Solar Ovonic United Solar
Ovonic, building on technology invented and pioneered by ECD, is
the world leader in thin-film amorphous photovoltaics. 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 and United Solar Ovonic
hold 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/. This release may contain forward-looking
statements within the meaning of the Safe Harbor Provisions of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on assumptions which ECD, as
of the date of this release, believes to be reasonable and
appropriate. ECD cautions, however, that the actual facts and
conditions that may exist in the future could vary materially from
the assumed facts and conditions upon which such forward-looking
statements are based. 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, could impact any
forward- looking statements contained in this release. DATASOURCE:
United Solar Ovonic LLC CONTACT: Ghazaleh Koefod - Investor
Relations, Energy Conversion Devices, Inc., +1-248-293-0440, or
Tracey Rettig - Corporate Communications Specialist, United Solar
Ovonic LLC, +1-248-364-5781, or Enfinity International, Ghent -
Belgium, +32 (9) 2451570, Fax - +32 (9) 2457233, Web site:
http://www.ovonic.com/ http://www.uni-solar.com/
http://www.enfinity.biz/
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