
                   ECD OVONICS ANNOUNCES DIRECTOR NOMINEES AND
                          EXECUTIVE MANAGEMENT CHANGES


   ROCHESTER HILLS, Mich., Feb. 5, 2004 - Energy Conversion Devices, Inc.  (ECD
   Ovonics)(NASDAQ:ENER), announced that Stanford R. Ovshinsky, Iris M.
   Ovshinsky, Robert C. Stempel, Umberto Colombo, Walter J. McCarthy, Jr.,
   Florence I. Metz and Stanley K. Stynes, all of whom are current directors,
   have been nominated by the Compensation and Nominating Committee for election
   to the Board of Directors at the Annual Meeting of Stockholders to be held on
   March 18, 2004.  When elected, the ECD Board will consist of a majority of
   independent directors, in compliance with the requirements of the Sarbanes-
   Oxley Act and the Nasdaq Stock Market, Inc.  To facilitate this action, James
   R. Metzger and Nancy M. Bacon are not standing for reelection.

   The Company also announced that the Board of Directors has named Robert C.
   Stempel, Chairman of ECD Ovonics since December 1995, to the additional
   position of Chief Executive Officer.  This has been the long-time desire of
   Stanford R. Ovshinsky, ECD's co-founder with Vice President Dr. Iris M.
   Ovshinsky.

   Mr. Ovshinsky, ECD's principal inventor, continues as President and was named
   to the new position of Chief Technology Officer. In this position, he will
   devote more of his energies to directing the Company's advanced materials and
   advanced product development activities, which are basic to the Company's
   needs.

   Recognizing that Mr. Metzger is not standing for reelection, the Board of
   Directors continued his role of Chief Operating Officer and named him
   Executive Vice President. He will remain responsible for the day-to-day
   operations of the Company.

   Messrs. Stempel, Ovshinsky and Metzger, working together, will establish the
   policies and strategic direction for the Company.

   Mrs. Bacon, in the position of Senior Vice President, will continue to
   provide significant contributions as a valued member of the ECD management
   team.

   Stanford R. Ovshinsky, ECD's President and Chief Technology Officer, said, "I
   have great confidence in our Company and our team which is continuing our
   commitment to commercialization. Bob is an invaluable leader with great
   talents and


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   accomplishments and has the outstanding business and engineering skills
   critical to our continuing success. Jim's business acumen and expertise in
   the energy arena are extremely important as we continue to increase our focus
   on commercial activities. He has also been very helpful in our non-energy
   activities as well."

   About ECD Ovonics
   ECD Ovonics is the leader in the synthesis of new materials and the
   development of advanced production technology and innovative products. It has
   invented, pioneered and developed enabling technologies in the fields of
   energy and information leading to new products and production processes based
   on amorphous, disordered and related materials. ECD Ovonics' proprietary
   advanced information technologies include Ovonic(TM) phase-change electrical
   memory, Ovonic(TM) phase-change optical memory and the Ovonic(TM) Threshold
   Switch. The Company's portfolio of alternative energy solutions includes
   thin-film amorphous solar cells, modules, panels and systems for generating
   solar electric power; NiMH batteries; hydride storage materials capable of
   storing hydrogen in the solid state for use as a feedstock for fuel cells or
   internal combustion engines or as an enhancement or replacement for any type
   of hydrocarbon fuel; and fuel cell technology. ECD Ovonics designs and builds
   manufacturing machinery that incorporates its proprietary production
   processes, maintains ongoing research and development programs to continually
   improve its products and develops new applications for its technologies. ECD
   Ovonics holds the basic patents in its fields. More information on ECD
   Ovonics is available on www.ovonic.com.

                                     ###

   This release may contain forward-looking statements within the meaning of the
   Safe Harbor Provisions of the Private Securities Litigation Reform Act of
   1995. Such forward-looking statements are based on assumptions which ECD
   Ovonics, as of the date of this release, believes to be reasonable and
   appropriate. ECD Ovonics cautions, however, that the actual facts and
   conditions that may exist in the future could vary materially from the
   assumed facts and conditions upon which such forward-looking statements are
   based.

   Contacts:
   Ghazaleh Koefod, Shareholder Relations
   Dick Thompson, Media Relations
   248.293.0440


