Energy Conversion Devices Wins Spanish Solar Project Contract
December 15, 2009 (FinancialWire) — Energy Conversion Devices, Inc. (NASDAQ: ENER), a manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, said it has signed an agreement with Endesa (NYSE: ELE) in Spain to install 3.0 MWp of photovoltaic laminates on the rooftops of two Coca-Cola Co. (NYSE: KO) buildings in Seville, Spain.
Through its wholly owned subsidiary, United Solar Ovonic, ECD will oversee construction of the rooftop system, which will consist of laminates bonded to a waterproofing system and applied directly on the roofs. The completed system will be owned and managed by Endesa. Construction will begin this quarter, with completion scheduled for the first half of calendar 2010.
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