Energy Conversion Devices Chosen by CNN Headline News To Illustrate the Hydrogen Economy

    Pioneers of Hydrogen Solutions Demonstrate Enabling Alternative Energy
     Technology that Addresses President Bush's Hydrogen Fuel Initiative

    ROCHESTER HILLS, Mich., Feb. 14 -- Hydrogen Economy
pioneers from Energy Conversion Devices, Inc. (ECD) were
featured Tuesday on four live CNN Headline News segments illustrating the
viability of the Hydrogen Economy.  Company Founder Stanford Ovshinsky and
Chairman Robert Stempel, demonstrated the Ovonic(TM) solid hydrogen storage
systems for use as a feedstock for internal combustion engines and fuel cells
that will be key elements for next-generation automobiles, as well as the
complete systems for the hydrogen economy infrastructure.  ECD is the only
company that can provide the products and technologies for a complete hydrogen
system solution.
    In the hydrogen economy, hydrogen -- the most abundant element in the
universe -- replaces fossil fuels as the primary source of energy.  A shift to
a hydrogen economy will have widespread societal benefits such as reducing
environmental pollution and global climate change, as well as greatly reducing
our dependence on foreign sources of non-renewable energy.
    ECD is uniquely positioned to drive all aspects of the hydrogen economy
and has been the major proponent of the Hydrogen Economy since the company's
founding in 1960.  ECD plays a key role in developing the hydrogen economy
infrastructure required to usher in a new generation of safe and affordable
hydrogen powered internal combustion engine vehicles, fuel cell vehicles, as
well as home and office power.  Based on Ovshinsky's inventions, ECD holds the
basic patents on the processes and technologies needed for the development of
numerous hydrogen-based technologies ranging from Ovonic(TM) nickel metal
hydride (NiMH) batteries to fuel cells to solar panels -- all required to turn
vision into reality.
    Hydrogen is "clean, it's the ultimate fuel, and in a solid, it's very
safe," explained Ovshinsky while speaking to CNN reporters.  This low-
pressure, easy-to-refuel solid hydrogen system -- the only one of its kind --
can become the foundation of a true Hydrogen Economy.  ECD initiated the
Hydrogen Economy via hydrogen-powered NiMH batteries, a critical technology
that enables today's hybrid electric cars.
    Speaking to CNN reporters, ECD Chairman Robert Stempel explained, "The
President's program brings forth not only the vehicles and home power, but
also the infrastructure to move the hydrogen around.  That's what's so nice
about our system. We [ECD] have the infrastructure, the solid hydrogen
storage, the fuel cells, and the engines powered by hydrogen.  So, it's going
to be a transition ... we're on our way."
    Hydrogen-based energy will positively impact several facets of daily life
including transportation, homes, distributed power, telecommunications, and
computer technology.  The basis for of the Hydrogen Economy is the "hydrogen
loop" first outlined in 1960 by ECD's Ovshinsky.  The "hydrogen loop" shows
how energy can be generated in clean, renewable ways which then can be stored
for distribution or on-board vehicles, making the hydrogen infrastructure
realistic, relatively inexpensive and available in a shorter period of time
than has been suggested.  ECD builds on this concept as the basis for all of
the company's Ovonic(TM) hydrogen energy solutions.
    ECD is the leader in the synthesis of new materials and the development of
advanced production technology and innovative products.  It has invented,
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 website address is
http://www.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.