United Solar Ovonic, ContourGlobal to Co-Develop Rooftop Solar Installations for Coca-Cola Hellenic Buildings in Italy

Energy Conversion Devices, Inc. (ECD), through its wholly owned subsidiary United Solar Ovonic, and ContourGlobal announced plans to co-develop rooftop solar systems for buildings in Italy owned and operated by Coca-Cola Hellenic Bottling Company S.A. (CCH). Under the arrangement, ContourGlobal will own and operate the systems, which will be built by ECD using its UNI-SOLAR brand photovoltaic laminates with development resources provided through ECD subsidiary Solar Integrated Technologies.

The initial stage of the project, which is expected to be completed during calendar year 2010, will involve approximately 3.4 MW of UNI-SOLAR laminates at four CCH facilities in Italy. The parties intend to expand their collaboration to include an additional four MW on four CCH sites in the near future.

Joseph C. Brandt, ContourGlobal’s president and CEO, said, “We are successfully working with CCH on a number of innovative energy projects as part of its sustainability initiative, and we are pleased now to be collaborating with USO to furnish rooftop solar solutions as an important element toward this goal. The UNI-SOLAR solutions are ideally suited for these projects because they meet both our financial metrics and CCH’s requirement for low impact on the rooftop. We expect to quickly complete the first stage of this project and then extend our cooperation with USO to develop additional systems to meet CCH’s objectives.”

“As commercial rooftop solar leaders, we are experienced in designing and delivering dependable solar energy solutions for an entire roof portfolio, like the CCH roofs that we will co-develop with our partner, ContourGlobal,” Mark Morelli, ECD’s president and CEO, said. “This is another example of how the evolution of our business to target large scale, multi-rooftop projects is gaining traction. Our UNI-SOLAR solutions complement ContourGlobal’s existing energy product line, and we are collaborating with ContourGlobal on other projects in Europe, Africa and North America, and hope to do many more installations within the next few years. We look forward to working with them to help CCH meet its corporate sustainability goals, starting with these projects in Italy.”