Company
Energy Conversion Devices, Inc. (ECD), through its United Solar Ovonic (USO) subsidiary, is engaged in building-integrated and rooftop photovoltaics (PV). The Company manufactures, sells and installs thin-film solar laminates that convert sunlight to clean, renewable energy using technology.
The Company operates in two segments: United Solar Ovonic and Ovonic Materials. The Company’s USO segment consists of its wholly owned subsidiary, United Solar Ovonic LLC, which is engaged in manufacturing of PV laminates designed to be integrated directly with roofing materials. The Ovonic Materials segment invents, designs and develops materials and products based on ECD’s materials science technology. ECD, through its subsidiaries, commercializes materials, products and production processes for the alternative energy generation (primarily solar energy), energy storage and information technology markets.
Ovonics (coined from "Ovshinsky" and "electronics") is a field of electronics that uses materials able to change from an electrically nonconducting state to a semiconducting state shown by glass of special composition upon application of a certain minimum voltage. The most important example is phase change memory.
Scientist-entrepreneur Stanford R. Ovshinsky pioneered the field and coined the term after he founded Energy Conversion Devices, Inc. (ECD) in 1960 to further his research in amorphous semiconductors. ECD Ovonics works to create non-polluting, non-climate-changing energy sources.
Energy Conversion Devices, Inc. (ECD):
- World’s largest producer of flexible solar panels.
- Invented and patented the NiMH battery.
- Current activity includes NiMH, solid-state hydrogen fuel storage, regenerative fuel cells, and solar.
- Founder Stanford Ovshinsky was honored as "Hero for the planet" by Time Magazine in 1999, and inducted into the U.S.-based Solar Energy Hall of Fame in 2005.
- ECD Ovonics stock is listed on the NASDAQ with symbol ENER and on the Frankfurt Stock Exchange.
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