THORNTON, Colo., Oct 05, 2010 (BUSINESS WIRE) -- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that it has signed a distribution agreement with DisaSolar, a newly established subsidiary company of Megamark/DisaTech Group, a leader in providing complete solutions in architectural, industrial and corporate signage in France and other European Countries. DisaSolar will begin distribution of Ascent Solar's lightweight, flexible, high-power thin-film CIGS modules for off-grid applications integrating flexible solar panels into passenger train roofs and commercial signage structures. The agreement with DisaSolar gives Ascent Solar access to additional emerging market segments in Europe. Recently, the two companies successfully demonstrated PV module integration into train rooftops in partnership with French regional rail company SNCF. The unique characteristics of Ascent Solar's flexible, lightweight CIGS modules compliment DisaSolar's heritage in system integration for transportation and corporate signage applications enabling novel applications in emerging segments.
DisaSolar President Stephane Poughon stated, "Ascent Solar has a flexible, light-weight, CIGS solar module technology that is uniquely qualified to open new opportunities in everyday power generation. We are pleased to distribute and promote high-quality Ascent Solar products in France. Leveraging the expertise of Megamark/DisaTech Group combined with the quality and performance of Ascent Solar products, DisaSolar aims to quickly become a leading French provider of innovative integrated solar products."
Ascent Solar President and CEO Farhad Moghadam stated, "We are pleased to announce our agreement with DisaSolar. This relationship will give us access to new and emerging market opportunities in transportation that could provide significant growth over the coming years in France as well as other countries across the globe. We also expect that other products in our lineup of flexible, lightweight CIGS modules will be marketed through this relationship."
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, automotive solutions, 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.
DisaSolar, a subsidiary of Megamark / DisaTech Group, is fully dedicated to flexible PV in the French market. Expert in integration, deployment and adhesives, DisaSolar develops, distributes and installs customized PV flexibles solutions for its clients in areas of signage, transportation and building. DisaSolar is headquartered in Paris, France. Additional information: www.megamark.fr; www.disatech.fr; www.disasolar.fr.
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 "may," "will," "should," "believes," "expect," "intend," "anticipate," "plan," "estimate" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject to risks and uncertainties that are described in our most recent annual report on Form 10-K under the heading "Risk Factors" and our subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements whether as a result of the receipt of new information, future events, or otherwise.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6454733&lang=en
SOURCE: Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc.
Brian Blackman, +1 720-872-5107
Laurent Bolla, +33 (0)1 41 58 69 59
Copyright Business Wire 2010