ENER Accretion Acquisition Corporation

ROCHESTER HILLS, Mich., Dec. 11 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (NASDAQ:ENER), a leading global manufacturer of solar products, today conducted its annual stockholders meeting in Troy, Michigan. All seven nominees for director were re-elected at the meeting, including the six independent directors, Joseph A. Avila, Robert I. Frey, William J. Ketelhut, Florence I. Metz, Stephen Rabinowitz, and George A. Schreiber, Jr. Mark D. Morelli, ECD's president and CEO, was also among the nominees re- elected at today's meeting. Mr. Rabinowitz was elected as Chairman, succeeding Robert C. Stempel who retired today as previously announced. In addition, stockholders ratified Grant Thorton LLP as ECD's independent public accounting firm, and approved the company's Annual Incentive Program as well as its Amended and Restated Certificate of Incorporation. The company withdrew the proposal to authorize up to 20,000,000 shares of preferred stock. About Energy Conversion Devices Energy Conversion Devices, Inc. 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/. 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 most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release. DATASOURCE: Energy Conversion Devices, Inc. CONTACT: Ghazaleh Koefod, Investor Relations, Energy Conversion Devices, Inc., +1-248-293-0440 Web site: http://www.ovonic.com/

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