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Energy Conversion Devices, Inc. - Company Profile Snapshot

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Company Profile: Energy Conversion Devices, Inc.
Ticker: ENER
Exchanges: NAS
2009 Sales: 316,290,000
Major Industry: Electrical
Sub Industry: Power Transmission Equipment
Country: UNITED STATES
Employees: 1800

Business Description
Energy Conversion Devices, Inc.. The Group's principal activities are to design, manufacture and sell photovoltaic (PV) products, known as PV or solar laminates that generate renewable energy by converting sunlight into electricity. Its products are particularly suitable for rooftop and building integrated photovoltaic (BIPV) applications, which are its target markets. The Group operates through two business segments: United Solar Ovonic and Ovonic Materials. United Solar Ovonic segment designs, manufactures and sells PV laminates that generate clean, renewable energy by converting sunlight into electricity. Ovonic Materials segment invents, designs and develops materials and products based on its pioneering materials science technology. In August 2009, the Group acquired Solar Integrated Technologies Inc. In July 2009, the Group completed the sale of its interest in Cobasys LLC.

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