David Strand Promoted to Vice President, Information Technology Of Energy Conversion Devices, Inc.
Clean Room Business Opportunities Expected to Increase
September 09, 2002 11:01
ROCHESTER HILLS, Mich., Sept. 9 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) announced the promotion of David A. Strand to Vice President, Information Technology. In this position, he will also have the business responsibility for ECD's new state- of-the-art 10,000/1,000 Clean Room fabrication facility while continuing his work in the optical memory area, including his present leadership position in Ovonic Media LLC, a joint venture between ECD and GE Plastics, a division of General Electric.
David Strand, a 29-year veteran of ECD, has worked on the development of Ovonic(TM) chalcogenide alloys for application in optical and semiconductor memory devices. He has led ECD's efforts in the development of materials and device structures for ECD's proprietary phase-change erasable optical recording media as well as the business and marketing functions related to that technology development. He earned his B.S. in Chemistry from Michigan State University and an M.B.A. from the University of Detroit.
Commenting on the promotion, Stanford R. Ovshinsky, President and CEO, said, "In addition to Dave's proven engineering and scientific skills in the information technology field, we are pleased that his demonstrated management, administrative and business abilities have allowed him to advance as ECD's business expands." He added, "He and Dr. Takeo Ohta, ECD's Vice President of Optical and Electronic Memories, make a great team."
"With Dave's knowledge of the materials involved in this technology, we expect to be able to expand ECD's information business to next generation applications and to attract new businesses to our world-class Clean Room," said Robert C. Stempel, ECD Chairman. He added, "Having the equipment is one thing; however, knowing how to maximize the Clean Room capability with skilled technicians and scientists for our business purposes is the real competitive advantage that ECD offers."
The Clean Room installation at ECD's headquarters facility in Rochester Hills, MI is nearing completion with the remaining latest fabrication and electronic test equipment to be fully operational soon. In addition to ECD's own advanced work in phase-change optical devices and on the unique thin-film Ovonic(TM) Cognitive Computer, ECD anticipates that the sophisticated capability of the fabrication facility will enable advanced materials, optical and electronic memory work for existing and new customers. The first use of the Clean Room was advanced device work performed for Ovonyx, Inc., a joint venture among ECD, Tyler Lowrey, Intel Capital and other investors, to commercialize ECD's Ovonic(TM) Unified Memory (OUM) technology and this activity will continue to receive priority attention.
ECD is the leader in the synthesis of new materials and the development of advanced production technology and innovative products. It has pioneered and developed enabling technologies leading to new products and production processes based on amorphous, disordered and related materials, with an emphasis on advanced information technologies and alternative energy, including photovoltaics, fuel cells, hydride batteries and hydride storage materials capable of storing hydrogen in the solid state for use as a feedstock for fuel cells or internal combustion engines or as an enhancement or replacement for any type of hydrocarbon fuel. ECD designs and builds manufacturing machinery that incorporates its proprietary production processes, maintains ongoing research and development programs to continually improve its products, and develops new applications for its technologies. ECD holds the basic patents in its fields. ECD's web site address is ovonic.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. Such forward-looking statements are based on assumptions which ECD, as of the date of this release, believes to be reasonable and appropriate. ECD cautions, however, that the actual facts and conditions that may exist in the future could vary materially from the assumed facts and conditions upon which such forward-looking statements are based.
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SOURCE Energy Conversion Devices, Inc.
/CONTACT: Ghazaleh Koefod of Energy Conversion Devices, Inc.,
+1-248-293-0440/
/Web site: ovonic.com /
(ENER) |
