ROCHESTER HILLS, Mich., July 29 /EMWNews/ -- Energy

Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a leading global

manufacturer of thin-film solar products, announced today it has appointed

Harry W. Zike as Vice President and Chief Financial Officer effective

September 1. Mr. Zike will replace Sanjeev Kumar who has decided to leave

the company at the end of August to pursue other opportunities. As CFO, Mr.

Zike will be responsible for all aspects of ECD's finance function,

including accounting, financial planning and analysis, tax, treasury,

audit, and information technology activities of ECD. He will report to Mark

Morelli, ECD's President and Chief Executive Officer.



    Prior to joining ECD, Mr. Zike served as Executive Vice President,

Chief Financial Officer and Director with Siemens VDO Automotive

Corporation where he headed the financial and business administration

operations of the Americas region. Additionally, he was responsible for

corporate governance, shared services, information technology/security,

treasury and taxes, risk management, insurance, real estate and facilities,

internal audit and procurement, and logistics.



    While at Siemens Westinghouse Power Corporation, Mr. Zike was Vice

President and Chief Financial Officer and Director. In this role, together

with the executive management team, he integrated the acquisition of the

approximate $1 billion fossil power generation business of Westinghouse

into Siemens and managed a fourfold growth in revenue.



    "We are pleased that Harry has made the decision to join the ECD

leadership team. He brings broad-based financial and executive leadership

experience that will be essential to our ongoing success as we continue to

commercialize our technology and accelerate our growth in the rapidly

expanding global solar industry," said Mr. Morelli. "With his background in

fast growth environments, and with more than 30 years of progressive and

international finance experience, Harry is an important addition as we

rapidly grow to 1GW of capacity."



    "We would also like to acknowledge and thank Sanjeev for his service

and commitment to ECD during a period of enormous change and progress,"

added Mr. Morelli. "During his tenure, we turned the corner operationally

and financially, reached profitability, completed a major capital raise,

and delivered significant value to shareholders. We appreciate Sanjeev's

contributions to ECD's growth and his assistance in transitioning Harry

into his new role. We wish Sanjeev well in his future endeavors."



    Mr. Morelli added, "We are seeing strong demand for our products in the

marketplace and continue to experience positive momentum. We look forward

to speaking to investors on our fourth quarter earnings conference call,

scheduled for August 28, 2008."

    About Energy Conversion Devices



    Energy Conversion Devices, Inc. (Nasdaq: ENER) manufactures and sells

thin-film solar laminates that convert sunlight to energy using proprietary

technology. Distributed globally under the UNI-SOLAR(R) brand, the

company's products are ideally suited for cost-effective solar roofing

solutions because they are lightweight, durable, flexible, can be

integrated directly with building materials, and generate more energy in

real-world conditions. ECD also pioneers other alternative technologies,

including a new type of non-volatile digital memory that is significantly

faster and less expensive, and is ideal for a variety of applications

including cell phones, digital cameras and personal computers. For more

information, please visit 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

Energy Conversion Devices (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. 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, could impact any forward-looking statements

contained in this release.