DALLAS, May 26, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Energy Conversion Devices Inc. (Nasdaq:ENER). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/ENER
Energy Conversion Devices Inc. (ENER), through its subsidiaries, commercializes materials, products and production processes for the alternative energy generation (primarily solar energy), energy storage and information technology markets. The Company designs, manufactures and sells photovoltaic products, known as PV or solar laminates that generate renewable energy by converting sunlight into electricity. ENER's products are particularly suitable for rooftop and building integrated photovoltaic (BIPV) applications. Solar laminate sales represent more than 92% of the Company's revenues. The Company also receives fees and royalties from licensees of its nickel metal hydride (NiMH) battery technology, and sells nickel hydroxide used in NiMH batteries. The Company operates through two business segments: United Solar Ovonic and Ovonic Materials. In August 2009, ENER acquired Solar Integrated Technologies Inc.
Message Board Search for ENER: http://www.boardcentral.com/boards/ENER
In the report, the analyst notes:
"Last week, ENER's United Solar Ovonic subsidiary announced that it is honored to host U.S. Commerce Secretary Gary Locke at the Company's joint venture facility in Tianjin ... The facility manufactures thin-film solar laminates that convert sunlight to energy, and has 15 MW of nameplate capacity with enough space to expand to 60 MW. ENER CEO, Mark Morelli, has previously stated that the Company looks forward to increasing its factory output in Tianjin as Chinese demand for renewable energy increases.
"The report said that USOJN will import solar cells from United Solar's sister plants in Michigan and assemble them into 5.2 meter long 144 kilowatt-peak (kWp) flexible solar laminates at the Tianjin facility, thus creating jobs in both Michigan and Tianjin. At full capacity, the facility is expected to produce enough solar power annually to eliminate 19,320 metric tons of carbon equivalent emissions in China."
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