ENER Accretion Acquisition Corporation

ROCHESTER HILLS, Mich., March 10 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (NASDAQ:ENER), a global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today named Ken Fox Chief Marketing Officer effective April 1, 2009. Mr. Fox joins ECD from United Technologies Corporation (UTC) where he most recently served as Vice President/General Manager, Stationary Power Solutions for UTC Power, a business focused on distributed power generation. While there, Mr. Fox led the growth and commercialization of UTC Power's product and service offerings. Prior to joining UTC Power, Mr. Fox spent 17 years with Carrier Corporation, a UTC company. At Carrier, Mr. Fox led the profitable growth of the controls and building automation businesses to be among Carrier's highest growth and most profitable businesses. In his last assignment at Carrier, he was President of the North American commercial business, which included sales, service, national accounts, and building automation systems. In this new position at ECD, Mr. Fox will be responsible for Global Marketing, Strategy and Business Development. He will also oversee Government Relations and Product Development. "I am pleased to welcome Ken to ECD," said Mark Morelli, president and CEO of Energy Conversion Devices. "As we continue our focus on demand creation and sales efficiency, we are broadening our management team with experienced professionals that can help guide ECD to the next level of success. Ken's business acumen and experience in transforming research-oriented cultures to commercial focus within distributed power and renewable energy businesses will be an immediate benefit to ECD as we expand our business." Mr. Fox earned a Bachelor of Science degree in civil engineering from Northeastern University and a Master of Science degree in management from the Sloan School of Management at the Massachusetts Institute of Technology. About Energy Conversion Devices Energy Conversion Devices, Inc. (ECD) (NASDAQ:ENER) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit http://www.ovonic.com/. This release may contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to sustain profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and our customers' ability to access the capital needed to finance the purchase of our products. 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: Mark Trinske, Vice President, Investor Relations & Communications, Energy Conversion Devices, Inc., +1-248-299-6063 Web Site: http://www.ovonic.com/

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