ECD Ovonics Confirms New Auditors to Require More Time For First Quarter Review

ROCHESTER HILLS, Mich., Nov. 19, 2003 -- Energy Conversion Devices, Inc. (ECD Ovonics) today confirmed that Grant Thornton LLP, its new independent auditors, will require additional time to complete the review of the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2003. The Company previously announced that it expected Grant Thornton, which was appointed on November 14, 2003, would require additional time for the review.

The Company filed a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission on November 14, 2003, which extended the due date for a period of five calendar days.

ECD Ovonics will host a conference call shortly after it files its Quarterly Report on Form 10-Q. Details regarding the conference call will be announced.

About ECD Ovonics:

ECD Ovonics 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 in the fields of energy and information leading to new products and production processes based on amorphous, disordered and related materials. ECD Ovonics' proprietary advanced information technologies include Ovonic(TM) phase-change electrical memory, Ovonic(TM) phase-change optical memory and the Ovonic(TM) Threshold Switch. The Company's portfolio of alternative energy solutions includes thin-film amorphous solar cells, modules, panels and systems for generating solar electric power; NiMH batteries; 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; and fuel cell technology. ECD Ovonics 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 Ovonics holds the basic patents in its fields. More information on ECD Ovonics is available on www.ovonic.com .