21.02.03

21.2.2003: Meldung: ECD: James R. Metzger Chief Operating Officer

The Board of Directors of Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER - News) announced that it has elected James R. Metzger as Chief Operating Officer. Mr. Metzger, a member of the Board since July 2000, joined ECD"s senior management team as Vice Chairman in November 2002, a position he will retain.

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Stanford R. Ovshinsky, President and CEO, and Robert C. Stempel, Chairman, in a joint statement, said, "Jim"s global experience, commitment to product and technology leadership, strong technical background and management skills will be extremely valuable to ECD and our stakeholders. His extensive business knowledge and expertise in the energy arena is a real asset to ECD as we focus on increasing commercial activities. We are pleased with his expanded responsibilities."

"The opportunity to work with ECD"s experienced management team to turn its leadership position in the hydrogen economy into commercial success is an exhilarating and challenging one. These are very exciting times for ECD and, as chief operating officer, I look forward to helping make ECD"s enabling renewable hydrogen and information technologies into viable, profitable products," said Jim Metzger.

Prior to joining ECD, Mr. Metzger served as Texaco Inc."s chief technology officer until March 2002. His responsibilities included all aspects of technology, corporate planning and economics, safety, health and environment, corporate services and purchasing. He was a member of Texaco"s Diversity Council, chaired the Corporate Technology Council and served on the Executive Council, Texaco"s senior management committee.

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.
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