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Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film solar modules, announced today that it has successfully begun regular production of monolithically integrated flexible CIGS modules from its production line in Littleton, Colorado.
This milestone makes Ascent Solar the first company to commence production of fully integrated lightweight thin-film CIGS modules using a plastic substrate. The company initially plans to operate the manufacturing line with one shift, progressing to full-scale 1.5 MW rated capacity utilizing three manufacturing shifts per day.
Dr. Mohan Misra, CEO of Ascent Solar stated, "This is a remarkable step for the advancement of thin film CIGS on a flexible substrate and the company has worked very hard to achieve this milestone."
Bruce Berkoff, Ascent Solar's Chief Marketing Officer, stated, "Modules produced from this line will accelerate product development with our strategic partners in multiple market segments and pave the way for market seeding opportunities with our more established relationships."
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
About Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is located in Littleton, Colorado.
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