United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), announced that it will supply its solar laminates to Tokyo-based ITOCHU Corporation for use on large-scale rooftop installations on industrial and commercial buildings.
Financial terms of the multiyear agreement were not provided.
"UNI-SOLAR laminates are a natural fit for us, because they can be integrated directly into roofing materials and provide a faster return on investment than competitive solar products," said Yutaka Kato, Chief Operating Officer of Industrial Machinery and Solution Division of ITOCHU Corporation.
About Energy Conversion Devices
Energy Conversion Devices, Inc. manufactures and sells thin-film solar laminates that use proprietary technology. Distributed globally under the UNI-SOLAR® brand, the company says its 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.
About ITOCHU
ITOCHU Corporation engages in domestic trading, import/export, and overseas trading of various products such as textiles, machinery, information and communications-related products, metals, products related to oil and other energy sources, general merchandise, chemicals, and provisions and food. For more information about ITOCHU, visit www.itochu.co.jp.
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