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Energy Conversion Devices Inc · DEF 14A · For 1/18/02 · EX-99

Filed On 1/18/02   ·   SEC File 1-08403   ·   Accession Number 32878-2-4

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  As Of                Filer                Filing    For/On/As Docs:Size

 1/18/02  Energy Conversion Devices Inc     DEF 14A     1/18/02    3:170

Definitive Proxy Solicitation Material   ·   Schedule 14A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: DEF 14A     2001 Proxy Notice, Statement and Card                 33    140K 
 2: EX-99       Annual Report on Form 10-K for Fiscal 2001           124    544K 
 3: EX-99       Corporate Brochure                                    13     31K

EX-99   ·   Corporate Brochure

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O N E   S T E P   A H E A D   O F   T O M O R R O W                             

DETAIL FROM PERIODIC TABLE DEPICTING HYDROGEN ATOM                              

(ECD LOGO)                                                                      


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PHOTO OF PATH ALONG WOODED AVENUE (STOCK ART)                                   

T A B L E   O F   C O N T E N T S                                               

2.   The Leaders of ECD                                                         
4.   Ovonics@Work Around the World                                              
4.   Strategic Relationships                                                    
6.   World-Changing Technology Solutions                                        
7.   Information Technology                                                     
9.   Energy Generation                                                          
9.   Energy Storage                                                             
10.  People Make the Difference                                                 
12.  Shareholder Information                                                    

PHOTO OF FRONT OF HEADQUARTERS' BUILDING                                        
PHOTO OF STAN OVSHINSKY, BOB STEMPEL AND IRIS OVSHINSKY                         

PICTURE OF ECD'S ANNIVERSARY COIN WITH THE WORDS INFORMATION ON ONE SIDE AND    
ENERGY ON THE OTHER                                                             


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T H E   L E A D E R S   O F   E C D     

[PHOTO]                                                                         
S T A N F O R D   O V S H I N S K Y                                             
President and Chief Executive Officer                                           

Stan Ovshinsky pioneered the fundamentally new science of amorphous and         
disordered materials. In 1960, Stan established ECD to use science and          
technology based on his game-changing discoveries to solve basic societal       
problems, by offering innovative solutions for building new industries.         
Forty-plus years later, Stan's original vision is reality. New technologies,    
including optical media, digital memory and the solid hydrogen storage          
materials, have been bolstered as a result of Stan's inventions. As a result of 
Stan's pioneering inventions, innovation, and vision, these technologies will   
continue to develop, grow, and change the world through Ovonic Solutions.       

[PHOTO]                                                                         
I R I S   O V S H I N S K Y                                                     
Vice President and Director                                                     

Iris Ovshinsky, co-founder of ECD with her husband, has degrees in zoology,     
biology, and a doctorate in biochemistry. Working as a team, the Ovshinskys     
pioneered breakthroughs in four major areas : energy generation, energy storage,
information systems, and atomically engineered synthetic materials. They have   
been honored with the American Chemical Society's Heroes of Chemistry 2000      
Award.                                                                          

[PHOTO]                                                                         
R O B E R T   S T E M P E L                                                     
Chairman                                                                        

Bob Stempel retired as Chairman and Chief Executive Officer from General Motors 
Corporation after 34 years with the auto giant. One of the world's foremost     
automobile engineers, he brings to ECD his vast experience in the auto industry 
as well as a vision to produce zero-emissions vehicles by the end of this       
decade. ECD's forward-looking technology, and the intent to pioneer battery     
development and solid hydrogen storage, brought Bob out of retirement and to    
ECD.                                                                            

PHOTO OF BOY WITH BUTTERFLY (STOCK ART)                                         

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                                                        [Enlarge/Download Table]


 (PHOTO)                       (PHOTO)                 (PHOTO)                                                        
Nancy Bacon              Homero del Bosque       Dr. Benjamin Chao                                                    
Senior Vice President    Vice President,         Director of Central                                                  
and Director, ECD        Business Development    Analytical Laboratory                                                
                         for Latin America                                                                            

                                                                                                                      
 (PHOTO)                       (PHOTO)                 (PHOTO)                 (PHOTO)               (PHOTO)          
Dr. Wally Czubatyj       Subhash Dhar            Michael Fetcenko        Dr. Hellmut Fritzsche  Angela Goddard        
Director of              President and Chief     Senior Vice President,  Vice President and     Director of Corporate 
Engineering- Troy,       Operating Officer,      Ovonic Battery          Director, ECD          Marketing             
Ovonyx                   Ovonic Battery          Company                                                              
                         Company; Director, ECD                                                                       

 (PHOTO)                       (PHOTO)                 (PHOTO)                 (PHOTO)               (PHOTO)          
Dr. Subhendu Guha        Dr. Masat Izu           Ghazaleh Koefod         Roger Lesinski         Dr. Alastair Livesey  
President, United Solar  Vice President,         Corporate Secretary/    General Counsel        Director of Hydrogen  
and Bekaert ECD          Film Technology         Shareholder Relations                          Energy Systems        
Solar Systems                                                                                                         

 (PHOTO)                       (PHOTO)                 (PHOTO)                 (PHOTO)               (PHOTO)          
Tyler Lowrey             Thomas Neslage          Boil Pashmakov          Max Powell             Marvin Siskind        
President and Chief      Senior Vice President,  Manager of              Vice President,        Vice President, Patent
Executive Officer,       Global Sales and        Information             African Relations      Counsel               
Ovonyx                   Marketing               Technology Research                                                  

 (PHOTO)                       (PHOTO)                 (PHOTO)                                                        
David Strand             Dr. Rosa Young          Stephan Zumsteg                                                      
Manager of Optical       Vice President,         Vice President, Chief                                                
Memory Products          Advanced Materials      Financial Officer                                                    
                         Development and                                                                              
                         Hydrogen Storage                                                                             


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 ovonics@work   AROUND THE WORLD

The world of ECD Ovonics is getting bigger.                                     

ECD Ovonics is in a unique position of         BRAND IDENTIFIERS:               
leadership and growth as the hydrogen                                           
economy continues to evolve. With a full       Ovonic     Ovonic     Ovonic     
range of technologies, advanced systems        Battery    Solar      Hydrogen   
and solutions now in place, each based on      Solutions  Solutions  Solutions  
Stan Ovshinsky's principles of amorphous                                        
and disordered materials, ECD Ovonics is                                        
moving to be a global solutions provider. We                                    
are now entering one of the most exciting      Ovonic     Ovonic     Ovonic     
times in our company's history: building       Fuel Cell  Media      Information
momentum to expand Ovonic Solutions            Solutions  Solutions  Solutions  
world-wide.                                                                     

We have ovonics@work in more areas than ever before. Ovonic technology can be   
found in a wide range of applications ... from nickel metal hydride (NiMH)      
batteries, to solar energy systems, to solid hydrogen storage technology, to    
fuel cell technology, to rewritable DVDs, to semiconductor chips, and more.     

It is all part of a master plan developed over 40 years ago by our company      
founders. The Ovshinskys' vision enables us to solve fundamental energy and     
information problems through Ovonic Solutions. Today, ECD Ovonics enables the   
creation of new industries by developing technology and applications and        
marketing integrated solutions that solve basic problems.                       

S T R A T E G I C   R E L A T I O N S H I P S       

We have established joint ventures, licensing agreements and other strategic    
alliances with major companies around the world to enable us to achieve our     
strategic objectives.                                                           

Intel, STMicroelectronics, and BAE Systems are some of the names partnering with
our joint venture company, Ovonyx, in the Information Solution side of the      
business. Additionally, GE has partnered with us in the Media Solutions side of 
our business. This is in addition to licensing agreements with names such as    
Ricoh, Matsushita/Panasonic, and TDK.                                           

                          ChevronTexaco and ECD Ovonics have established
                  joint ventures for the development and
O.von.ic (o-von ik)           commercialization of advanced Energy Storage and  
adj. Of or relating to        Energy Generation technologies. The joint ventures
a device whose opera-         are in the areas of our proprietary Ovonic Nickel 
tion is based on the          Metal Hydride (NiMH) Battery, Ovonic Solid        
Ovshinsky effect.             Hydrogen Storage(TM), and the Ovonic Regenerative 
[OV(SHINSKY EFFECT) +         Fuel Cell(TM) technologies.  ECD Ovonics has      
(ELECTR)ONIC.]                partnered with conventional energy companies in   
                          their efforts to become total energy solutions
American Heritage Dictionary  providers. Along these lines, ECD Ovonics, its    
                        affiliates, and Chevron Energy Solutions are
                     working together in a strategic marketing
alliance.           

                           Bekaert of Belgium is partnering with us in the
                     area of Energy Generation, as we take our
                            groundbreaking solar energy systems further into
                        the general market during a time when energy
        issues are making headlines.

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PHOTO OF ROAD WITH SUNSET THROUGH TREE (STOCK ART)                              

LOGOS OF SEVERAL STRATEGIC ALLIES AND JOINT VENTURE PARTNERS:                   

ChevronTexaco                    GE                       

BEKAERT                          ST                       

BAE Systems                      Rare-Earth Hi-Tech       


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W O R L D -C H A N G I N G                
T E C H N O L O G Y   S O L U T I O N S               

ECD Ovonics is based on the twin pillars of energy and information. Based on our
atomic engineering principles, we invent new materials, we invent products, and 
we invent production technologies. We lead the way to new industries in both    
energy and information through an integrated solutions approach. Here are some  
of the ways:                                                                    

Ovonic Solar Solutions offers the enabling technology for the UNI-SOLAR(R)      
SmartRoof(TM), an all-in-one residential solar roofing system.                  

Ovonic Hydrogen Solutions offers the technology to provide safe, reliable ways  
to store and transport solid hydrogen for powering fuel-cell or internal-       
combustion-engine vehicles and other products.                                  

Ovonic Battery Solutions' NiMH technology, which started the hydrogen economy,  
has been used throughout the world. For example, every cell phone or laptop that
uses a NiMH rechargeable battery uses our technology. Our NiMH battery          
technology powers the Honda Insight and the Toyota Prius.                       

Ovonic Regenerative Fuel Cell(TM) technology will afford a lower-cost, reliable 
solution to energy generation.                                                  

Our continuous-web roll-to-roll technology enables the manufacture of Ovonic    
Media Solutions' optical media products, such as phase-change rewritable DVDs.  

Ovonic Information Solutions' Ovonic Unified Memory (OUM) microelectronic       
technology has been licensed to our joint venture, Ovonyx. Together, we are     
developing high-density, non-volatile memory for commercial applications.       

OVONIC HYDROGEN SOLUTIONS BRAND IDENTIFIER AND CONCEPTUAL DIAGRAM BY WHICH SOME 
OF THE OVONIC SOLUTIONS MAY BE USED TO PRODUCE ELECTRICITY, HYDROGEN GAS, OXYGEN
GAS AND FURTHER ELECTRICITY, ALL OF WHICH MAY BE PRODUCED AND USED IN AN        
ENVIRONMENTALLY RESPONSIBLE MANNER.  WITHIN THIS CONCEPTUAL CYCLE, HYDROGEN     
AND ELECTRICITY MAY BE STORED THROUGH APPLICATION OF SOME OF THE OVONIC         
SOLUTIONS WITH NO NET EMISSIONS OR CONSUMPTION OF VALUABLE RESOURCES.           

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I N F O R M A T I O N   T E C H N O L O G Y       

Computers are a vital component of modern life. The quest for information offers
both great challenges and great opportunities as we develop our game-changing   
enabling technologies. Our joint ventures and divisions are working on new      
products and solutions that are revolutionizing the information technology      
landscape.                                                                      

Ovonic Information Solutions is developing Ovonic Unified Memory (OUM) for      
commercial applications. Our joint venture called Ovonyx is a part of this      
development activity. Through Ovonyx, ECD Ovonics is commercializing OUM        
technology for microelectronic applications in conjunction with industry        
leaders - joint venture partner and licensee Intel, and BAE Systems and         
STMicroelectronics, our leading licensees.                                      

OUM is a unique, thin-film, solid-state memory invented by Stan Ovshinsky that  
offers key competitive advantages for the microelectronic-memory and embedded-  
logic marketplace. Among the products that will use our OUM technology are      
cellular telephones, digital cameras, networking routers, and data services.    

With a single device, OUM can replace flash memory, DRAM and SRAM, and it has   
unique multi-state as well as nonvolatile features. Its lower price also makes  
it an attractive alternative to the 30-year-old CMOS (complementary metal oxide 
semiconductor) technology.                                                      

At ECD Ovonics, our Ovonic Media Solutions unit develops phase-change optical   
memory solutions and proprietary low-cost production processes. A part of this  
activity is our strategic alliance and joint venture with General Electric (GE) 
called Ovonic Media. Ovonic Media utilizes our continuous roll-to-roll          
manufacturing technology to reduce the cost of producing disks. The products    
incorporate and advance both ECD's phase-change and GE's optical-quality        
polycarbonate materials. Together, we are expanding the operations to attain    
volume production. Our approach addresses not only the rewritable DVD market,   
but the read-only and write-once markets as well.                               

OVONIC MEDIA SOLUTIONS AND OVONIC UNIFIED MEMORY SOLUTIONS IDENTIFIERS          

CONCEPTUAL DIAGRAM DEPICTING: OVONIC OPTICAL MEMORY FOR REWRITABLE CD AND DVD   
MEDIA FOR STORAGE OF COMPUTER AND VIDEO DATA; OVONIC UNIFIED MEMORY WHICH MAY   
REPLACE FLASH, DRAM, SRAM AND EMBEDDED MEMORIES FOR USE IN PCS, VIDEOS, CAMERA  
AND CELL PHONES                                                                 

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PHOTO FROM INSIDE OF VEHICLE (STOCK ART)                                        

OTHER PHOTOS ON PAGE:                                                           

36/42 VOLT NIMH           GASOLINE FILLING STATION     COVERED PARKING STRUCTURE
BATTERY PACK              WITH UNI-SOLAR PHOTO-        PROPOSAL WITH UNI-SOLAR  
                    VOLTAICS ON ROOF             BUILDING INTEGRATED
                                                       PHOTOVOLTAICS ON THE ROOF

OVONIC NIMH POWERED       NIMH BATTERY PACK FOR        ELECTRIC SCOOTER         
TRANSIT BUS               VEHICLE PROPULSION                                    

CARPORT WITH UNI-         ELECTRIC CAR                 BUILDING WITH UNI-SOLAR  
SOLAR PHOTOVOLTAICS                                    PHOTOVOLTAICS            

8                                                                               


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PHOTO OF GIRL ON TIRE SWING (STOCK ART)                                         

E N E R G Y   G E N E R A T I O N           

Industry projections of the demand for electric power are staggering. These     
projections indicate that there will be more generating capacity installed in   
the next 25 years than in the previous 100! The long-term market outlook is     
excellent.                                                                      

United Solar Systems, Bekaert ECD Solar Systems and ChevronTexaco Ovonic Fuel   
Cell Company are joint ventures created from ECD divisions to capitalize on this
market.                                                                         

Bekaert ECD Solar Systems' products are marketed under the name UNI-SOLAR(R).   
These products have achieved world records for efficiency for amorphous         
materials. UNI-SOLAR(R) thin-film photovoltaics (PV) are lightweight, flexible, 
unbreakable, and radiation-hard. You can drive a nail through them . . . and    
they still produce electricity! To further reduce costs, we are building a      
25-megawatt machine that will increase our production capabilities five-fold,   
enabling us to produce large commercial systems such as a 400-kilowatt          
installation that can be upgraded to generate as much as 1 megawatt for powering
a ChevronTexaco oil field in California.                                        

The ChevronTexaco Ovonic Fuel Cell Company takes advantage of ECD Ovonics'      
unique, low-cost, proprietary non-noble metal catalyst materials. Ovonic        
Regenerative Fuel Cell (TM) technology will allow for significantly superior    
performance (such as instant start and regenerative braking capabilities), and  
lower costs compared to other technologies such as Proton Exchange Membrane     
(PEM) fuel cells.                                                               

E N E R G Y    S T O R A G E    

Hydrogen is the lightest and most common element. As the world moves to reduce  
its dependence on fossil fuels, ECD Ovonics technology will continue to lead the
way to the hydrogen economy, tapping into the ultimate non-depleting,           
non-polluting energy source in the universe.                                    

For years, ECD Ovonics technology has allowed us to use hydrogen safely and     
efficiently in our everyday lives. Our NiMH battery technology is based on      
hydrogen storage materials that are a totally new approach to energy storage.   
All you have to remember is that if it says NiMH on your battery, it uses Ovonic
technology.                                                                     

Through ChevronTexaco Ovonic Battery Systems, we will continue to develop and   
commercialize our fully integrated battery systems. These systems are designed  
primarily for larger applications, such as automotive and stationary power. Our 
enabling technology is ideal for conventional internal-combustion vehicles'     
36/42 volt systems. Further, Ovonic NiMH batteries are the battery of choice for
electric vehicles (EVs) and hybrid electric vehicles (HEVs) of all types - from 
trucks and buses to cars and scooters.                                          

With the formation of ChevronTexaco Ovonic Hydrogen Systems, we will continue to
help accelerate the evolution of the hydrogen economy. We offer a safe, reliable
way to store and transport hydrogen: using Ovonic metal hydrides. Furthermore,  
we have a hydrogen infrastructure patent.                                       

In automotive applications, hydrogen stored in metal hydrides is a safe, compact
system alternative to compressed gas or liquid hydrogen. We have also developed 
a canister system for smaller applications like generators, scooters, and lawn  
mowers. Quite simply, the Ovonic Hydrogen Solution is a game-changer.           

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P E O P L E   M A K E   T H E   D I F F E R E N C E                             

ECD GROUP PHOTO IN FRONT OF ITS HEADQUARTERS                                    

10, 11                                                                          


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S H A R E H O L D E R   I N F O R M AT I O N      

ECD (NASDAQ: ENER) was founded in 1960 by Stanford R. and Iris M. Ovshinsky to  
solve fundamental societal problems, to further the scientific investigation of 
the physics and chemistry of amorphous and disordered materials, and to engineer
new materials and develop products using those materials. Our focus on          
disordered and amorphous materials is reflected in the company's logo, which    
schematically depicts the bonding arrangements between atoms in an amorphous    
solid.                                                                          

The company has developed a range of successful technologies - including        
products and advanced manufacturing processes - primarily within the fields of  
energy generation, energy storage, and information technology. Commercialization
of our proprietary technologies has proceeded through the formation of major    
manufacturing joint ventures and licensing agreements.                          

ECD is listed on the Nasdaq National Market System under the trading symbol     
ENER. To obtain additional information about ECD or to be placed on our email   
distribution list for press releases, please contact:                           
Energy Conversion Devices, Inc.                                                 
Investor Relations                                                              
2956 Waterview Drive                                                            
Rochester Hills, Michigan 48309                                                 
Tel: 248-293-0440                                                               
Fax: 248-844-1214                                                               
Email: investor_relations@ovonic.com                                            

Interested parties are encouraged to read the Company's Annual Report on Form   
10-K, particularly the information contained in the section entitled Cautionary 
Statement for Purposes of the "Safe Harbor" Provisions of the Private Securities
Litigation Reform Act of 1995. You can learn more about ECD by visiting our web 
site at www.ovonic.com, or request information by emailing us at                
investor_relations@ovonic.com.                                                  

Transfer Agent:                                                                 
EquiServe Trust Company, N.A.                                                   
P.O. Box 43011                                                                  
Providence, RI 02940-3011                                                       
Shareholder Inquiries: 1-800-426-5523                                           
www.equiserve.com                                                               

UNDERWATER SCENE WITH FISH (STOCK ART)                                          

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PHOTO OF FIELD OF SUNFLOWERS (STOCK ART)                                        

Energy Conversion Devices, Inc.                                                 
Investor Relations                                                              
2956 Waterview Drive                                                            
Rochester Hills, Michigan 48309                                                 
Tel: 248-293-0440                                                               
Fax: 248-844-1214                                                               
www.ovonic.com                                                                  

(ECD LOGO) ovonics@work
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