ENER Accretion Acquisition Corporation

Uni-Solar Ovonic's Building-Integrated Photovoltaics Systems to Power Beijing New Capital Museum Project will showcase Uni-Solar's lightweight, flexible solar cells in China BEIJING, China and AUBURN HILLS, Mich., June 22 /PRNewswire-FirstCall/ -- United Solar Ovonic LLC (Uni-Solar Ovonic), a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (NASDAQ:ENER), today announced the signing of a new contract to provide a 300kW solar photovoltaic (PV) system for the Beijing New Capital Museum. The contract was signed in conjunction with a mission to China led by U.S. Secretary of Commerce Donald Evans that includes the U.S. Secretary of Labor Ms. Elaine Chao and the President's Export Council. Scheduled to open to the public in 2005, the museum will be among one of the most modern museums featuring advanced, environmentally friendly energy technologies. 300kW of Uni-Solar Ovonic's unique lightweight, rugged and flexible photovoltaic laminates will be applied directly to the stainless steel roofing pans using the "peel and apply" adhesive. This truly integrates the photovoltaic array with the roofing material itself. The completed system, designed by Uni-Solar Ovonic, is expected to deliver more than 363,000 kilowatt-hours of energy annually. Congratulating Uni-Solar Ovonic on the contract, Secretary Donald Evans noted, "We at the U.S. Government are particularly proud of your accomplishments and are pleased to work with you on this contract which will strengthen U.S.-Chinese cooperation in advanced energy technologies. The solar products you are producing in your new 30 megawatt state-of-the-art manufacturing facility in Michigan can provide secure energy systems for both domestic and export markets and create high quality U.S. jobs. I look forward to seeing more Uni-Solar Ovonic projects in China." This project specifically was a direct outcome of a business development mission in 2002 headed by Secretary of Commerce Donald Evans aimed at expanding U.S.-China business opportunities. Nancy Bacon, senior vice president of ECD and director of Uni-Solar Ovonic, noted that ECD and Uni- Solar Ovonic are grateful for the outstanding assistance and invaluable support of Secretary Evans, his Beijing and Washington staffs and others in the Embassy. China's commitment to renewable energy is underscored by its recent adoption of renewable energy as a basic national policy and its policy to incorporate clean energy technologies into its plans in preparation for the 2008 Olympics. Uni-Solar Ovonic intends to pursue additional opportunities in this new and expanding Chinese marketplace including opportunities for its building-integrated PV in China's huge construction industry, as well as participating in China's Village Electrification Program which targets electrifying 20,000 villages in China's off-grid western region. Commenting on the Beijing Museum project, Stanford Ovshinsky, chairman and CEO of Uni-Solar Ovonic and president and CTO of ECD, and Subhendu Guha, president and chief operating officer of Uni-Solar Ovonic, in a joint statement, said, "This project illustrates our ability to adapt our technologies to meet the needs of our customers. We look forward to joining forces with a Chinese partner to establish manufacturing capabilities in China to fully address opportunities for our unique PV systems." Mr. Qin De Hai, Director of the New Building of the Capital Museum, said, "The Museum will be one of the world's most modern museums to integrate the relic collection, exhibition, education and research. It is fitting that it also incorporates the most advanced solar technology developed by Uni-Solar Ovonic. Once open to the public in 2005, we hope to see our museum gain international prominence as an innovative institution featuring perfect function and advanced facilities." "We are pleased to be working with the members of the Leading Commission of Construction of the New Building of the Capital Museum to bring solar electric power to China," said Charles Ding, president of Dawson International, Inc. "With United Solar Ovonic's proven advantages, we expect this to be the first of many projects in China." Dawson International, Inc. is the general contractor for the project. About Uni-Solar Ovonic Uni-Solar Ovonic is the world leader in thin-film solar technology. Building on technology invented and pioneered by ECD Ovonics, Uni-Solar Ovonic's 30-megawatt production equipment is the world's largest and most advanced machine for the manufacture of thin-film solar cells and related products used for a variety of applications ranging from charging batteries for solar lanterns to large solar farms for utility-scale applications. UNI- SOLAR(R) cells are lightweight, rugged and flexible, and are ideal as building-integrated photovoltaic roofing systems for residential and industrial customers. ECD Ovonics and Uni-Solar Ovonic hold the basic patents covering the continuous roll-to-roll manufacturing of thin-film multi-junction solar cells and related products. More information is available at http://www.uni-solar.com/ . DATASOURCE: United Solar Ovonic Corp. CONTACT: Subhendu Guha, President of United Solar Ovonic Corp., +1-248-475-0100, Web site: http://www.ovonic.com/ http://www.uni-solar.com/

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