Ascent Solar Signs Distribution Agreement with SW Solarwatt LTD
SW Solarwatt to Market and Install Ascent Solar Modules in Greece and
Cyprus
THORNTON, Colo.--(BUSINESS WIRE)--
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible
thin-film solar modules, today announced that SW Solarwatt will act as a
Distributor of Ascent Solar's lightweight, flexible, high-power
thin-film CIGS modules for building integrated (BIPV) applications in
Greece and Cyprus. The agreement with SW Solarwatt establishes Ascent
Solar's presence within the Eastern Mediterranean's developing solar
market and includes direct application of Ascent Solar's solar modules
to building materials for both grid-connected and off-grid solutions.
Ascent Solar President and CEO Farhad Moghadam stated, "We are pleased
to announce our agreement with SW Solarwatt. This relationship will
enable integration of Ascent Solar's flexible, lightweight CIGS modules
in a variety of applications, from grid-connected rooftop installations
to portable power and other off-grid stand alone solutions. We look
forward to working with our new partners in the growing Eastern
Mediterranean market."
About SW Solarwatt LTD
SW Solarwatt designs and installs of solar arrays throughout Cyprus and
Greece, specializing in grid-connected and off-grid photovoltaic systems
for residential and commercial applications. They focus on providing
unmatched technical support, from design to post-installation. SW
Solarwatt is based in Nicosia, Cyprus. Additional information can be
found at http://www.solarwatt.com.cy/
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.
Ascent Solar Technologies, Inc.
Investor Relations Contact:
Brian
Blackman, 832-515-0928
bblackman@ascentsolar.com
Source: Ascent Solar Technologies, Inc.
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