19.7.2005: Meldung: United Solar Ovonic Achieves Record Product Sales and Production
Subhendu Guha, United Solar Ovonic"s president and chief operating officer, in remarks made earlier today during a conference call series sponsored by Jefferies & Company, Inc. on alternative energy, discussed the company"s record sales and production for the quarter ended June 30, 2005. He stated that production levels reached 2 Megawatts per month for the months of May and June.
James Metzger, ECD Ovonics" executive vice president and chief operating officer who also participated in the conference call, stated that United Solar Ovonic"s backlog continues to be strong. He noted that the backlog, representing more than six months of shipments, is about $45 million, or 13.7 Megawatts of solar cells.
In order to meet the strong demand for its products, United Solar Ovonic broke ground yesterday on a second facility that will double its thin-film triple-junction solar module manufacturing capacity by September 2006.
Secretary of Energy Samuel W. Bodman delivered the keynote speech during the ceremony in Auburn Hills, which was also attended by other dignitaries. In connection with the groundbreaking, Secretary Bodman also toured United Solar Ovonic"s existing 25 Megawatt facility in Auburn Hills at which time Stanford R. Ovshinsky, ECD Ovonics" co-founder, president and CTO and United Solar Ovonic"s chairman and chief executive officer, reviewed the thin-film triple-junction amorphous silicon photovoltaic technology.
Mr. Ovshinsky also discussed the many advantages of the roll-to-roll manufacturing process where nine miles of solar cells are deposited in 72 hours, as well as outlined the future strategy to position United Solar Ovonic photovoltaic-generated electricity to compete with that produced by conventional fossil fuels.
The new 160,000 square foot facility will be located at 2705 Commerce Parkway in Auburn Hills, Mich. and is scheduled to be ready for occupancy in May 2006. A section of the facility will be available in October 2005 to begin installation of the new thin-film solar module manufacturing machine.
Stephan W. Zumsteg, Vice President and CFO
Ghazaleh Koefod, Investor Relations
Energy Conversion Devices, Inc.