ENER Accretion Acquisition Corporation

AUBURN HILLS, Mich., Dec. 10 /PRNewswire-FirstCall/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (NASDAQ:ENER) ("ECD"), announced today that it has entered into a supply agreement with Sun Edison LLC to supply up to 17 MW of its UNI-SOLAR(R) solar laminates in calendar year 2008. Under the terms of the agreement, SunEdison will purchase a minimum of 5 MW and up to an additional 12 MW of UNI-SOLAR laminates for use on large-scale rooftop installations on industrial and commercial buildings principally in the U.S. "We are pleased to be working with SunEdison, one of North America's leading solar energy service providers," commented Mark Morelli, president and CEO of ECD. "This is the latest example of the momentum United Solar is building as customers are won over by the extensive benefits of our proven laminates, particularly for rooftop applications like those being targeted by SunEdison." "The flexibility and lightweight characteristics of United Solar's laminates enable SunEdison to supply solar services to a broader range of customers, especially to deploy solar on rooftops which often cannot support a heavier load," said Thomas (Tom) Rainwater, CEO of SunEdison. "SunEdison is ideally positioned to leverage United Solar's unique thin-film products to deliver solar energy to our customers. Our agreements with United Solar and others help us to meet the needs of our customers to reduce energy costs and carbon footprint by generating sustainable, clean solar power." UNI-SOLAR laminates offer superior cost-effective solutions for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real- world conditions. They are, for example, three to five times lighter than conventional solar modules (which use glass), offering an ideal solution for low-load bearing roof applications. UNI-SOLAR laminates can be installed without any structural changes or penetrations to the roof, and provide superior wind and seismic load performance compared with conventional solar modules. 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. 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/. About Energy Conversion Devices Energy Conversion Devices, Inc. (NASDAQ:ENER) manufactures and sells thin-film solar laminates that convert sunlight to energy. Distributed globally under the UNI-SOLAR(R) brand, the company's products are based on proprietary technology and offer superior cost-effective solutions for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real- world conditions. ECD pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster and less expensive, ideal for use in a variety of applications, including cell phones, digital cameras and personal computers. For more information on our company, please visit http://www.ovonic.com/. About SunEdison Sun Edison LLC is North America's largest solar energy service provider. SunEdison provides solar-generated energy at or below current retail utility rates to a broad and diverse client base of commercial, municipal and utility customers. For more information about SunEdison, please visit http://www.sunedison.com/. The company headquarters is located in Baltimore, Md. 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 and Form 10-Q, could impact any forward-looking statements contained in this release. DATASOURCE: Energy Conversion Devices, Inc. CONTACT: Ghazaleh Koefod, Investor Relations of Energy Conversion Devices, Inc., +1-248-293-0440; or Tracey Rettig, Corporate Communications Specialist of United Solar Ovonic LLC, +1-248-364-5781; or Rob Wyse of Media First, +1-212-920-1470, for Energy Conversion Devices, Inc. and United Solar Ovonic LLC

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