20.08.09

Energy Conversion Devices, Inc.: Merger With Solar Integrated Technologies Completed

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Energy Conversion Devices Completes Merger With Solar Integrated Technologies

August 19, 2009

Energy Conversion Devices Completes Merger With Solar Integrated Technologies

Rochester Hills, Mich. - August 19, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, announced today it has completed its merger with Solar Integrated Technologies, Inc. (SIT), a leading provider of building integrated photovoltaic (BIPV) roofing systems. SIT is now a wholly owned subsidiary of ECD.

"This merger strengthens and diversifies our business," said Mark Morelli, president and CEO of ECD. "This merger is an important element of our future growth plans as ECD transitions from manufacturing and selling a product to a company that provides complete solar solutions and value-added services."

The company will provide additional information on the strategic aspects of the merger during the company's fiscal fourth quarter and year-end press release and conference call scheduled for August 27, 2009.

Credit Suisse Securities (USA) LLC acted as financial advisor and Covington & Burling LLP acted as legal advisor to ECD. Thomas Weisel Partners LLC and Greentech Capital Advisors acted as financial advisors and Jones Day acted as legal advisor to SIT.

About Energy Conversion Devices
Energy Conversion Devices is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. For more information, please visit www.energyconversiondevices.com or www.solarintegrated.com.

Contact:
Mark Trinske
Vice President, Investor Relations & Communications
Energy Conversion Devices, Inc.
(248) 299-6063
mtrinske@uni-solar.com
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