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ITN Energy Systems Receives R&D 100 Award for Flexible CIGS on Plastic Substrate

^{Published on 2010-07-09 02:42:08 - Market Wire}
 

LITTLETON, Colo.--([ BUSINESS WIRE ])--ITN Energy Systems (ITNES), a clean energy and technology incubator, announced today that along with Ascent Solar Technologies, Inc. (Nasdaq: ASTI) it has been awarded the prestigious R&D 100 Award, presented annually by R&D Magazine to recognize the 100 most technologically significant new products and processes of the year, as judged by a panel of experts. The companya™s winning entry is its unique commercially manufactured monolithically integrated CIGS light weight and flexible thin-film modules using a plastic substrate.

"The R&D 100 Awards have always represented some of the most innovative concepts to reach the marketplace in the past year. 2010 is no exception, and we had a particularly strong field of entries for the judges to evaluate"

Dr. Mohan Misra Founder & CEO of ITNES stated, aWe are very proud to be the genesis of this unique solar technology and applaud R&D Magazine for recognizing the hard work that has gone into creating CIGS on plastic substrate a commercial reality. Sharing this award with Ascent Solar Technologies is an honor for us. We continue to develop unique energy technologies that can one day change the way we create energy efficient windows, batteries and defense applications. Having our product selected as one of the top 100 innovations of the year by R&D Magazine's panel of experts is both an honor and a confirmation of our ability to develop the next generation of energy products."

For 48 years, R&D 100 awards have been given by R&D Magazine to the top 100 technological achievements of the year. Previous award recipients have included anti-lock brakes, the fax machine, halogen lamps and liquid crystal displays.

aThe R&D 100 Awards have always represented some of the most innovative concepts to reach the marketplace in the past year. 2010 is no exception, and we had a particularly strong field of entries for the judges to evaluate,a said Rita Peters, editorial director of R&D Magazine.

About ITN Energy Systems:

After working for more than 20 years in aerospace industry, Dr. Mohan Misra founded ITN Energy Systems, Inc. (ITNES) in 1994 to bring aerospace know-how to the commercial marketplace. ITNES primary mission is to identify, develop and commercialize emerging technologies for defense and commercial markets by establishing successful spin-offs, joint ventures or licensing arrangements. ITNES focuses on developing advanced products and technologies that address the needs of todayas competitive business environment, which is driven by the technology revolution. ITNES has built a diverse and growing technology portfolio for CleanTech including energy generation and storage, energy efficiency, and environment applications, which has provided ITNES with an unprecedented growth opportunity in the past as well as in the future. Since 1996 ITNES has successfully spun-off four companies, they are Global Solar Energy ([ www.globalsolar.com ]), Infinite Power Solutions ([ www.infinitepowersolutions.com ]), Microsat Systems ([ www.microsatsystems.com ]) and Ascent Solar Technologies ([ www.ascentsolar.com ]). For more information on ITNES, please visit [ www.itnes.com ].