United Solar Awarded Patent for Proprietary Nano-Crystalline(TM) Technology
22 3월 2011 - 9:00PM
Company Achieves Another Milestone on Its
Technology Roadmap
Continuing Innovation Will Lead to Lower-Cost
Solar Energy
United Solar, a wholly owned subsidiary of Energy Conversion
Devices, Inc. (Nasdaq:ENER) and a leading global manufacturer of
light-weight, flexible thin-film solar modules, today announced
that the United States Patent and Trademark Office issued U.S.
Patent 7,902,049, "Method for depositing high-quality
microcrystalline semiconductor materials" to Subhendu Guha, Jeff
Yang and Baojie Yan for United Solar.
"This is yet another confirmation of the unique and innovative
technological processes that United Solar is committed to
developing, now and into the future," said Mark Morelli, President
and CEO of Energy Conversion Devices. "The proprietary technology
covered in this patent will enable us to achieve our 12%
aperture-area conversion efficiency in 2012, as outlined in our
technology roadmap. The direct result of this is that we will be
able to harness the sun's energy in a more cost-effective
manner."
Earlier this year, the company announced that the National
Renewable Energy Laboratory (NREL), an official U.S. Department of
Energy laboratory, had conducted independent testing and confirmed
that United Solar's Nano-Crystalline technology achieves 12%
initial conversion efficiency in a large-area encapsulated cell, a
world-record for thin-film silicon solar technology.
United Solar has been awarded nearly 70 United States patents
for various technological advancements in its 25-year history.
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 clean, renewable 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. 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 energyconversiondevices.com.
This release contains forward-looking statements within the
meaning of the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements do
not constitute guarantees of future performance. 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
and establish new relationships; the worldwide market for solar
energy systems; changes to government incentives related to solar
energy; our customers' ability to access capital to finance the
purchase of our products; and our ability through technology
improvements to reduce cost and improve the conversion efficiency
of our solar 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. Energy Conversion Devices,
Inc. assumes no responsibility to update any forward-looking
statements contained herein.
CONTACT: Investor Relations Contact:
Michael E. Schostak
Energy Conversion Devices
(248) 299-6063
investor.relations@energyconversiondevices.com
Public Relations Contact:
Wendy Ventura
United Solar
(248) 293-6064
pr@uni-solar.com
Accretion Acquisition (NASDAQ:ENER)
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Accretion Acquisition (NASDAQ:ENER)
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