North Coast Solar Stocks

July 14, 2009

Energy Conversion Devices Signs Supply Agreement With Inovateus Solar

Filed under: ENER — Tags: , , — Jason @ 2:56 pm

Tuesday July 14, 2009, 2:56 pm EDT

ROCHESTER HILLS, Mich., July 14 /PRNewswire-FirstCall/ — Energy Conversion Devices, Inc. (ENER), a manufacturer of proprietary, thin-film amorphous silicon-based photovoltaic (PV) laminates announced that it has signed a supply agreement with Inovateus Solar. Inovateus expects to purchase up to 10MW of UNI-SOLAR® laminates from ECD through the end of 2011.

“This new agreement with Inovateus Solar is another example of how we are working together with our distribution partners to further establish UNI-SOLAR laminates as the leader in rooftop PV. We look forward to expanding our relationship with Inovateus Solar,” said Mark Morelli, president and CEO of Energy Conversion Devices.

Inovateus Solar will use UNI-SOLAR brand PV laminates for building-integrated photovoltaic systems in commercial rooftop applications.

“We are very excited to continue to grow our relationship with United Solar Ovonic. We’ve found that UNI-SOLAR products provide an array of benefits that other photovoltaic brands can’t offer. We believe this agreement for 10MWs is a conservative estimate and our actual numbers should well supersede this,” said T.J. Kanczuzewski, Executive Vice President of Inovateus Solar.

About Inovateus Solar LLC

Inovateus Solar is a national distributor for UNI-SOLAR products and provides turn-key solutions for large commercial and industrial projects. For more information, please visit http://www.inovateussolar.com, or call (574) 485-1400.

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