UNI-SOLAR(R) Brand Photovoltaics to be Integrated on Roof of First Net-Zero Elementary School in the Country
15 7월 2010 - 5:21AM
United Solar, a leading global manufacturer of building-integrated
and rooftop photovoltaics under its UNI-SOLAR® brand - and a
wholly-owned subsidiary of Energy Conversion Devices
(Nasdaq:ENER) - today announced its UNI-SOLAR photovoltaic
rooftop products will be utilized on a unique, first-ever new
school construction project in Kentucky.
Morton Solar & Wind, LLC has been awarded a $2.16 million
contract to install a 340KW photovoltaic system on the new
Richardsville Elementary School currently under construction near
Bowling Green, Kentucky. The system will be the largest
photovoltaic system in Kentucky to date and the school is projected
to be the first net-zero energy elementary school in the United
States. A net-zero building produces as much energy as it uses.
"United Solar is very happy to be an integral part of an overall
net-zero energy project that highlights our UNI-SOLAR rooftop
industry-leading flexible, thin-film, low impact and low profile
solar laminates," said Mark Morelli, President and CEO of United
Solar's parent company, Energy Conversion Devices. "And doing so in
a situation where today's environmentally-conscious school children
are impacted both inside and outside the classroom is the best part
of being involved." The school will employ various energy
efficiency technologies in addition to the photovoltaic system,
including geothermal HVAC, active solar lighting, efficient kitchen
strategies, ICF walls, and energy efficient windows. The
photovoltaic system will be a "grid-tied" system that will feed
energy back into the power grid. The school will receive $0.22 per
kilowatt/hour for the solar energy from the local utility company
funded by the Green Power Partners program of Tennessee Valley
Authority.
Morton Solar & Wind will be partnering with Advanced
Electrical Systems of Louisville, Kentucky, on the $2.4 million
project. Morton Solar & Wind, LLC is a NABCEP certified
renewable energy systems designer & installer based in
Evansville, Indiana. About Energy Conversion Devices/United
Solar Energy Conversion Devices (ECD) (Nasdaq:ENER) is a
leader in building-integrated and rooftop photovoltaics. The
company manufactures, sells and installs 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. Through its Solar Integrated Technologies business, the
company also designs, manufactures and installs rooftop
photovoltaic systems, which enable customers to transform unused
space on the rooftop into a value-generating asset. In addition,
ECD's Ovonic Materials Division is the pioneer in NiMH battery
technology, and is developing low cost fuel cells, hydrogen
production from bioreformation, and hydrogen storage technologies.
For more information, please visit www.energyconversiondevices.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 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 product. 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.
CONTACT: Lovio George
Tom Lang
734.953.3500
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