Energy Conversion Devices (ENER) Announces Supply Deal With Marcegaglia

It’s a busy morning for ENER.. good earnings this morning and a new multi year supply deal with Marcegaglia, a leading Italian steel manufacturing company.  Under terms of the agreement, Energy Conversion Devices will supply individual PV cells for used in integrated commercial roofing products that it expects to introduce to the market in 2010.

Mark Morelli, CEO said, “Marcegaglia currently purchases complete solar laminates from USO for incorporation into its existing metal roofing products. With this agreement, we are extending our relationship with Marcegaglia to create a new building integrated product for the Italian and European markets. The agreement enables Marcegaglia to optimize the integration of our PV cells into their roofing material and situates us closer to our end market.”

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