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Ascent Solar Externally Certifies Module Encapsulation Material for Its Flexible PV Laminate

^{Published on 2010-08-02 03:20:52 - Market Wire}
 

THORNTON, Colo.--([ BUSINESS WIRE ])--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film solar modules, announced today that its packaging solution for flexible monolithically integrated CIGS modules has successfully passed a critical environmental testing milestone. An independent laboratory conducted a series of tests on Ascent Solar modules under the requirements of the IEC 61646 standards. The Ascent Solar solution successfully passed all of the test requirements including the rigorous standard of one thousand (1,000) hours of damp heat testing (85 % relative humidity and 85 C temperature) set forth by IEC for performance and long term reliability.

"We believe that the majority of BIPV and BAPV demand resides in flexible CIGS solutions incorporating a certified flexible package. Our demonstration of the first flexible CIGS package which meets the IEC testing opens the door to penetration into these large market opportunities."

Ascent Solar has begun external certification under IEC 61646 by submitting product intended for building integrated photovoltaic (BIPV) and building applied photovoltaic (BAPV) applications for use in commercial and residential rooftop markets. Preparation for submission under UL certification is also underway. Once certified, Ascenta™s flexible CIGS modules will be the first of their kind to achieve such certification, and should position the company for entry into the largest markets for its products.

Dr. Farhad Moghadam, President and CEO of Ascent Solar, stated, "We believe that the majority of BIPV and BAPV demand resides in flexible CIGS solutions incorporating a certified flexible package. Our demonstration of the first flexible CIGS package which meets the IEC testing opens the door to penetration into these large market opportunities.a

About Ascent Solar Technologies:

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, commercial transportation, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colo. Additional information can be found at [ www.ascentsolar.com ].

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.