GLOBAL ONLINE AUCTION OF UNI-SOLAR’S SOLAR CELLS AND ENHANCED PHOTOVOLTAIC LAMINATES TO BE CONDUCTED JULY 12-13

By July 5, 2012Press Releases

GLOBAL ONLINE AUCTION OF UNI-SOLAR’S SOLAR CELLS AND ENHANCED PHOTOVOLTAIC LAMINATES TO BE CONDUCTED JULY 12-13 IN PARTNERSHIP BY HERITAGE GLOBAL PARTNERS, HILCO, MAYNARD’S AND VAN ACKER ASSOCIATES

San Diego, CA – July 5, 2012 – Solar-related finished goods of Uni-Solar, a wholly owned subsidiary of Energy Conversion Devices, Inc., a developer of materials science and renewable energy technologies, will be sold by global online auction on July 12-13 pending authorization by the United States Bankruptcy Court, Case #12-43167.  The auction will be conducted in partnership by Hilco Industrial, Heritage Global Partners, Maynard’s and Van Aker Associates.  The sales will be made in various piecemeal configurations.

The live global online auction begins July 12 at 7:00 am EDT.  Lots will start to close at 10:00 am EDT on July 13.  Bidders will have the opportunity to purchase remaining Uni-Solar finished goods inventory, including approximately:

  • 7 MW of ePVL enhanced photovoltaic laminates;
  • 2 MW of PVL photovoltaic laminates;
  • 4 MW of other laminates;
  • 11 MW of solar cells.

Uni-Solar’s state-of-the-industry solar laminates feature a light, flexible and durable design that provides total energy production.  Significant worldwide demand is expected for the remaining finished goods inventory of enhanced, Uni-Solar© brand thin-film photovoltaic laminates, photovoltaic and other laminates, in addition to solar cells and other related assets.

Sale details, lot configurations, terms and conditions available via: www.hilcoind.com, www.hgpauction.com and www.maynards.com.

Contact:

Brandon Smith, BSmith@hgpauction.com or 973/265-4090

Brent Bonham, VP of Operations, Hilco Industrial, 616/732-1800 x11

Robert Rinderman or Jennifer Neuman, J C I R, CRBN@jcir.com, 212/835-8500

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