Energy Conversion Devices Announces 2.4-Megawatt Rooftop Solar Project in Portland
04 3월 2010 - 2:23AM
PR Newswire (US)
ROCHESTER HILLS, Mich., March 3 /PRNewswire-FirstCall/ -- Energy
Conversion Devices, Inc. (ECD) , the leading global manufacturer of
thin-film flexible solar laminate products for the building
integrated and commercial rooftop markets, today announced it has
been selected by ProLogis and Portland General Electric (PGE) to
deliver 2.4MWp of Uni-Solar ® laminates for installation on
seven ProLogis distribution warehouses in Portland, Gresham, and
Clackamas in Oregon. The solar power systems will be installed by
Northwest Solar Solutions on rooftops leased from ProLogis. U.S.
Bank and PGE have formed SunWay 3, LLC to own and operate the
system and to secure state and federal solar tax credits to help
finance the project. Construction will take place in the spring and
summer of 2010. This rooftop solar installation is ECD's second
project with ProLogis and PGE. The new project will use the same
type of UNI-SOLAR light weight, flexible solar laminates that were
featured on the previous 1.1 megawatt rooftop project that ProLogis
and PGE brought online in 2008. Taken together, the two projects
produce enough energy to power approximately 388 households
annually. "We are pleased to again be working with both Energy
Conversion Devices and PGE," said Drew Torbin, vice president of
renewable energy for ProLogis. "Once completed, the
906,000-square-foot project will become the largest rooftop solar
system in the Pacific Northwest." Mark Morelli, ECD's president and
CEO, said, "This announcement is another indication that we are
gaining traction as we transition our business model to focus on
large-scale, multi-rooftop projects. We have worked with ProLogis
on projects in France and Spain, and we are always pleased to do
repeat business with this valued customer. We look forward to
completing this installation for PGE and working with ProLogis on
many more projects." About Energy Conversion Devices Energy
Conversion Devices, Inc. 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 ® 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 such
as cell phones, digital cameras and personal computers. For more
information, please visit http://www.energyconversiondevices.com/.
About ProLogis ProLogis is a leading global provider of
distribution facilities, with more than 475 million square feet of
industrial space (44 million square meters) in markets across North
America, Europe and Asia. The company leases its industrial
facilities to more than 4,400 customers, including manufacturers,
retailers, transportation companies, third-party logistics
providers and other enterprises with large-scale distribution
needs. For additional information about the company, go to
http://www.prologis.com/. About PGE Portland General Electric,
headquartered in Portland, Ore., is a fully integrated electric
utility that serves more than 818,000 residential, commercial and
industrial customers in Oregon. Visit our Web site at
http://www.portlandgeneral.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.
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 successfully integrate the
acquisition of Solar Integrated Technologies; our ability to
maintain our customer relationships; 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, +1-248-299-6063 Web Site:
http://www.energyconversiondevices.com/
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