DENVER & THORTON, Colo., Oct 12, 2010 (BUSINESS WIRE) -- Ascent Solar Technologies, Inc. (NASDAQ:ASTI) and Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B) (JM), announced today, after extensive internal product development and testing, thin-film copper indium gallium (di)selenide (CIGS) laminated modules from Ascent Solar are ready for beta test deployment at the JM Technical Center (JMTC) in Littleton, Colo. The Ascent Solar IEC 61646 (20 year life expectancy) certified and UL certification (safety test) pending modules will be compared side-by-side against existing thin-film modules currently installed at JMTC.
"This is an important step forward in our ongoing collaboration with Ascent Solar," noted Dr. Tim Swales, Johns Manville vice president of Research and Development. "The installation at our test site will provide the performance data we need in order to demonstrate the readiness of Ascent's emerging high-power lightweight CIGS modules in order to make it available to our customers. As valued partners, we look forward to further collaboration and assessment of their product and ensuring our customers are successful."
The test installation is done to collect performance data, evaluate architecture aesthetics and showcase the potential of Ascent Solar's CIGS high-power modules against the current thin-film technology. For the pilot, installation modules have been applied to the top surface of the roofing membrane. The long-term objective is to integrate the modules into the roofing material itself as a factory-applied solution that JM markets under the Power Blanket brand. This external deployment will help set a standard for the integration and installation of lightweight flexible CIGS modules going forward as this will be the first time a CIGS monolithically integrated module manufactured using a plastic substrate has been integrated onto an existing commercial roofing installation for competitive commercial evaluation.
Ascent Solar President and CEO Farhad Moghadam added: "We are pleased that our product development with Johns Manville has progressed to this stage. Our lightweight, durable and high-power CIGS modules are an ideal match for true integration into the Johns Manville commercial roofing material product line. Installation onto the test site is a real indication that our product development is progressing and is crucial to our viability for larger system installations down the road."
"Now that we have established IEC 61646 certification and have UL certification pending, we are pleased to launch pilot project installations with an industry leader like JM. Ascent Solar's entry to the BAPV market with the highest power density flexible solutions and highest power modules will enable a new level of power production for flexible commercial applications," stated Rafael Gutierrez, senior vice president of Sales and Marketing for Ascent Solar.
About Johns Manville
Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality products for building insulation, mechanical insulation, commercial roofing, and roof insulation, as well as fibers and nonwovens for commercial, industrial, and residential applications. JM serves markets that include aerospace, automotive and transportation, air handling, appliance, HVAC, pipe and equipment, filtration, waterproofing, building, flooring, interiors, and wind energy. In business since 1858, the Denver-based company holds leadership positions in all of the key markets that it serves. JM employs approximately 6,500 people and operates 41 manufacturing facilities in North America, Europe and China. Additional information can be found at www.jm.com.
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, space applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to 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.
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SOURCE: Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc.
1-720-872-5107 (Investor Relations)
Robin Hervig, Manager, Corporate Affairs & Communications
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