THORNTON, Colo., Oct 12, 2010 (BUSINESS WIRE) -- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that Votum, a Czech Republic-based solar integrator, will begin distribution of Ascent Solar's lightweight, flexible, high power thin-film CIGS modules for building integrated (BIPV), building applied (BAPV) and portable power solutions in the Czech Republic. The agreement with Votum gives Ascent Solar access to multiple market segments in the Czech Republic's solar market.
Ascent Solar President and CEO Farhad Moghadam stated: "We are pleased to announce our agreement with Votum. This relationship will give us access to a rapidly growing market for BIPV and BAPV applications in the Czech Republic. We also expect that other products in our lineup of flexible, lightweight CIGS modules will be marketed through this relationship. Votum has a sound solar integration business and is an excellent partner to have for distribution of our products in the Czech Republic."
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.
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 "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.
SOURCE: Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc.
Brian Blackman, +1-720-872-5107 (Investor Relations)
Copyright Business Wire 2010