Energy Conversion Devices and Enfinity Announce Framework Agreement for Co-Development...

Energy Conversion Devices and Enfinity Announce Framework Agreement for
Co-Development of Solar Projects

ROCHESTER HILLS, Mich., and WAREGEM, Belgium, May 11 /PRNewswire-FirstCall/ --
Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) and Enfinity, NV today
announced plans to co-develop a portfolio of rooftop solar installations
throughout the U.S., as well as in numerous European countries, including
Belgium, Germany, France, Italy, Spain and the Czech Republic.

ECD and Enfinity have identified approximately 10 MW of projects that they
will collaborate on in the short term. ECD, through its wholly owned
subsidiary, United Solar Ovonic, will contribute UNI-SOLAR(R) brand
photovoltaic laminates in exchange for equity in the projects. Enfinity will
serve as project manager and lead the financing efforts for the projects. ECD
and Enfinity expect to sell completed projects to third-party investors within
12 months of the start of commercial operation.

Mark Morelli, ECD's president and CEO, said, "This Framework Agreement is an
example of how we are implementing our demand-creation strategy. Enfinity is
an excellent partner, with significant experience in developing and installing
rooftop and BIPV applications in our focused geographic markets. We are
enthusiastic about the opportunities that this agreement affords us, and will
be working aggressively with Enfinity to finalize the projects and begin
construction."

Gino Van Neer, CEO of Enfinity stated, "We are pleased to partner with ECD and
United Solar in our development efforts. Their unique photovoltaic laminates
not only produce more energy per rated watt in real-world conditions, they
also are the perfect solution for building-integrated systems where the
integrity of the rooftop is preserved, and in many markets where the
incentives are greater."

About Energy Conversion Devices

Energy Conversion Devices, Inc. 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. ECD also
pioneers other alternative technologies, including a new type of nonvolatile
digital memory technology that is significantly faster, less expensive, and
ideal for use in a variety of applications including cell phones, digital
cameras and personal computers. For more information, please visit
www.ovonic.com.

About Enfinity

Enfinity is a rapidly developing, ambitious and internationally operating
company in the field of solar and wind energy. As a project specialist,
Enfinity develops PV solar plants for electricity generation and is already
active in 12 countries being Belgium, Italy, Spain, France, Greece, the USA,
Canada, Germany, Bulgaria, UAE, China, and Czech Republic. This number will
increase to approximately 20 countries by the end of 2009. Enfinity is in the
process of financing PV projects with a total capacity of more than 122 MW and
is planning to finance several hundred megawatts through 2010. More
information in www.enfinity.biz.

This release may contain forward-looking statements within the meaning of the
Safe Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include statements concerning our plans,
objectives, goals, strategies, future events, future net sales or performance,
capital expenditures, financing needs, plans or intentions relating to
expansions, business trends and other information that is not historical
information. All forward-looking statements are based upon information
available to us on the date of this release and are subject to risks,
uncertainties and other factors, many of which are outside of our control,
that could cause actual results to differ materially from the results
discussed in the forward-looking statements. Risks that could cause such
results to differ include: our ability to sustain profitability; our ability
to maintain our customer relationships; the worldwide demand for electricity
and the market for solar energy; the supply and price of components and raw
materials for our products; and our customers' ability to access the capital
needed to finance the purchase of our products. The risk factors identified in
the ECD filings with the Securities and Exchange Commission, including the
company's most recent Annual Report on Form 10-K and most recent Quarterly
Report on Form 10-Q, could impact any forward-looking statements contained in
this release.

SOURCE Energy Conversion Devices, Inc.

ECD / United Solar Ovonic: Mark Trinske, Vice President, Investor Relations &
Communications, +1-248-299-6063; or Enfinity Head Office, Jurgen Van Damme,
Press and Communication, Phone +32 5 628 88 88, Mobile +32 473 22 03 01