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ROCHESTER HILLS, Mich., Nov. 16 /PRNewswire-FirstCall/ -- EnergyConversion Devices, Inc. (ECD Ovonics) (Nasdaq: ENER) today announced that ithas received a contract totaling approximately
ECD Ovonics' Production Technology and Machine-Building Division willprovide a precision roll-to-roll web handling and optical positioning systemfor this program, and will team with Integral Vision, Inc., which will supplythe vision optics and data handling software. This contract is part of USDC'songoing program to develop a complete tool set for roll-to-roll manufacturingof flexible displays and electronics.
This high-resolution roll-to-roll vision system will provide a keycomponent for high production yields that is currently missing in the flexibleelectronics industry. This contract capitalizes on ECD Ovonics' provenexpertise and experience in roll-to-roll semiconductor and high-techmanufacturing. The award follows an earlier USDC contract to ECD to developflexible stainless steel substrates for display and electronics manufacturing.
"This contract is part of our current strategy to widen the application ofour roll-to-roll high-tech manufacturing technology beyond photovoltaicproducts to flexible displays, electronics, and OLED electronics applications.Earlier efforts in this direction have successfully developed roll-to-rolldeposition, patterning, and lamination machines, and we are anxious to addthis new critical component to the roll-to-roll production tool set," saidStanford R. Ovshinsky, ECD Ovonics' president and chief scientist andtechnologist.
About ECD Ovonics:
ECD Ovonics is the leader in the synthesis of new materials and thedevelopment of advanced production technology and innovative products. It hasinvented, pioneered and developed its proprietary, enabling technologies inthe fields of energy and information leading to new products and productionprocesses based on amorphous, disordered and related materials. The Company'sportfolio of alternative energy solutions includes Ovonic thin-film amorphoussolar cells, modules, panels and systems for generating solar electric power;Ovonic NiMH batteries; Ovonic hydride storage materials capable of storinghydrogen in the solid state for use as a feedstock for fuel cells or internalcombustion engines or as an enhancement or replacement for any type ofhydrocarbon fuel; and Ovonic fuel cell technology. ECD Ovonics' proprietaryadvanced information technologies include Ovonic phase-change electricalmemory, Ovonic phase-change optical memory and the Ovonic Threshold Switch.ECD Ovonics designs and builds manufacturing machinery that incorporates itsproprietary production processes, maintains ongoing research and developmentprograms to continually improve its products and develops new applications forits technologies. ECD Ovonics holds the basic patents in its fields. Moreinformation on ECD Ovonics is available on http://www.ovonic.com .