Flexible Electronics News

ECD Files Chapter 11, Seeks Sale of Businesses

Operations will continue during sale process

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Energy Conversion Devices, Inc. (ECD), a pioneer in materials science and renewable energy technologies, voluntarily filed a petition for relief under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Michigan. As part of its bankruptcy plan, ECD intends to sell through separate sales its wholly owned operating subsidiary United Solar Ovonic LLC (USO) and other assets, including its minority stake in Ovonyx, Inc. The company has received support for its operating and divest...

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