ECD Growth Prompts Move

August 21, 2001 — TROY, MI — Energy Conversion Devices, Inc.Technology and materials developer is moving to a new facility that will house the company’s new, state-of-the art ISO Class 7 (Class 10,000) and ISO Class 6 (Class 1,000) cleanroom space.

The new 50,000 square foot facility is located in Rochester Hills, Michigan, about nine miles from the current facility in Troy. In addition to cleanroom space, the facility will also house corporate offices including financial, accounting, legal, patent, purchasing, marketing, shareholder relations and human resource departments.

According to officials, the move was fueled by increased business for the hydrogen economy business.

“The enthusiastic acceptance of ECD’s commercial photovoltaic, battery and hydrogen storage products has translated into increased business in all of our energy area,” said CEO Stan Ovshinsky. “The move to our new headquarters and the large-scale expansion of our production facilities allows us to respond to these critical needs and to offer additional support to our joint ventures and manufacturing units.”

The move is expected to be complete by September.


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