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Solar Panel Maker Energy Conversion Devices files for Chapter 11

Wednesday, 15 February 2012

Auburn Hills-based Energy Conversion Devices Inc. filed for Chapter 11 bankruptcy today after years of losses. As part of its reorganization plan, the maker of solar panels plans to sell its United Solar Ovonic LLC subsidiary and its 39 percent stake in Ovonyx Inc., a joint venture between ECD and Intel Corp...

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