Ascent Solar Collaborates with University of Stuttgart IGTE for the Development and Distribution of Sustainable Power Generation Technology
16 Maggio 2024 - 2:30PM
Ascent Solar Technologies, (Nasdaq: ASTI) (“Ascent” or the
“Company”), the leading U.S. innovator in the design and
manufacture of featherweight, flexible, and durable CIGS thin-film
photovoltaic (PV) solutions, today announced it has begun
developing prototype solar arrays in collaboration with the
University of Stuttgart Institute for Building Energetics,
Thermotechnology and Energy Storage (IGTE), an international
research center focused on energy storage, renewable energies and
indoor climate technology.
Though the project details are not yet publicly available,
Ascent will likely ship its ultralight, highly durable and flexible
thin-film technology this summer to meet IGTE’s timeline for
developing its power collection and storage systems.
“Ascent continues to establish partnerships that put our
proprietary CIGS thin-film tech in the hands of top-tier
organizations – like the University of Stuttgart IGTE - as they
work to spur the next wave of sustainable power generating
technology,” said Paul Warley, CEO of Ascent Solar Technologies.
“The institute has incredible capacity for system development,
testing and investigation, and we look forward to seeing what they
can conceive, construct and deploy utilizing Ascent’s
technology.”
The IGTE mission is to “research and teach for comfortable
living and working conditions in buildings and quarters in harmony
with energy efficiency, sustainability and technology. Particular
emphasis is placed on renewable energies…and using top-tier
scientists to develop sustainable solutions for the global
transformation of energy systems.” Since its establishment in 2018
the IGTE has continued to expand and develop innovative solutions
for energy generation and storage with the intent for wide scale
distribution and adoption.
ABOUT ASCENT SOLAR TECHNOLOGIES, INC.
Backed by 40 years of R&D, 15 years of manufacturing
experience, numerous awards, and a comprehensive IP and patent
portfolio, Ascent Solar Technologies, Inc. is a leading provider of
innovative, high-performance, flexible thin-film solar panels for
use in environments where mass, performance, reliability, and
resilience matter. Ascent’s photovoltaic (PV) modules have been
deployed on space missions, multiple airborne vehicles, agrivoltaic
installations, in industrial/commercial construction as well as an
extensive range of consumer goods, revolutionizing the use cases
and environments for solar power. Ascent Solar’s research and
development center and 4.5-MW nameplate production facility is in
Thornton, Colorado. To learn more,
visit https://www.ascentsolar.com or follow the Company
on LinkedIn and X (formerly Twitter).
FORWARD-LOOKING STATEMENTS
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
including statements about the financing transaction, our business
strategy, and the potential uses of the proceeds from the
transaction. 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. We have
based these forward-looking statements on our current assumptions,
expectations, and projections about future events. In addition to
statements that explicitly describe these risks and uncertainties,
readers are urged to consider statements that contain terms such as
“will,” "believes," "belief," "expects," "expect," "intends,"
"intend," "anticipate," "anticipates," "plans," "plan," to be
uncertain and forward-looking. No information in this press release
should be construed as any indication whatsoever of our future
revenues, stock price, or results of operations. 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 including those discussed under the heading
“Risk Factors” in our most recently filed reports on Forms 10-K and
10-Q.
MEDIA CONTACT
Spencer HerrmannFischTank PRascent@fischtankpr.com
INVESTOR CONTACT
ir@ascentsolar.com
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