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Technology Stocks : Energy Conversion Devices

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To: alfranco who wrote (7717)5/24/2004 3:09:20 PM
From: Krowbar  Read Replies (2) of 8393
 
AUBURN HILLS, Mich., May 24, 2004 — United Solar Ovonic LLC (Uni-Solar Ovonic), the world leader in thin-film amorphous silicon solar technology and a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD Ovonics) (NASDAQ: ENER), today announced the shipment of 500 kW of its flexible thin-film solar products to Solar Integrated Technologies (SIT), a Los Angeles-based manufacturer of integrated flexible photovoltaic roofing systems for commercial and industrial buildings. The shipment is part of the first 2.4 MW order placed by SIT since it signed an expanded strategic supply agreement with Uni-Solar Ovonic in April 2004. Under the terms of the agreement, SIT is expected to purchase more than 5 MW of the Uni-Solar products in 2004 to address its rapidly expanding customer base.
ovonic.com

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