ECD Honored for Its Outstanding Contributions In Advanced Manufacturing Technology by the State of Michigan

    TROY, Mich., May 24 Energy Conversion Devices, Inc. (ECD)
announced today that, at an award ceremony honoring top
Michigan organizations and leaders, the State of Michigan has honored ECD for
its "outstanding contributions" in advanced manufacturing technology.  The
award was part of the State of Michigan Business Success Celebration
recognizing "true standouts in Michigan's business community."
    The award ceremony was held at Michigan's Capitol Rotunda to honor
businesses and business leaders.  The award acknowledges the successful
development by ECD of "a range of technologies, including both products and
advanced manufacturing processes, primarily within the fields of energy and
information processing."  The State of Michigan specifically noted that ECD's
innovations and recent partnerships with N.V. Bekaert S.A. (Bekaert ECD Solar
Systems/United Solar Systems Corp.) and Texaco Energy Systems Inc. (Texaco
Ovonic Fuel Cell and Texaco Ovonic Hydrogen Storage) have contributed to the
economic viability of the State.
    Commenting on the award, Stanford R. Ovshinsky, CEO of ECD, and Robert C.
Stempel, Chairman, in a joint statement, said, "We are pleased that our work
over the years in advanced manufacturing technology has been recognized and we
are proud to be working with the State of Michigan to build manufacturing
plants and contribute to the creation of jobs and economic development."
    ECD is a 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 a solid state for use as a feed stock
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's web site address is http://www.ovonic.com .

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