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Energy Conversion Devices: Big Customer In Cash Crunch

in News on May 7, 2009 at 12:05 pm PT

Trouble is brewing for Energy Conversion Devices. Yesterday, the company noted in a press release that one of its largest customers, London-listed Solar Integrated Technologies has discontinued discussions with a commercial lender on a new line of credit, and extended its current loan agreement with a unit of General Electric until July 3.