Ascent Solar Named Bye Aerospace Development Partner
THORNTON, Colo.--(BUSINESS WIRE)--
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible
CIGS solar panels, has been named a development partner for Bye
Aerospace Inc.'s innovative aircraft programs for the aerospace and
defense markets.
George Bye, Chairman and CEO of Bye Aerospace, said solar energy is a
key component to several of Bye Aerospace's programs. "One concept
currently in development, the Silent Guardian unmanned aerial vehicle
(UAV), relies on thin film solar photovoltaics (PV), stored electric
power and other technologies to enhance its potential for long
endurance, quiet operations and low emissions," he said. "With Ascent
Solar as a development partner, our development time should improve
drastically."
Victor Lee, President and CEO of Ascent Solar Technologies, said, "We
are pleased to partner with Bye Aerospace and look forward to furthering
their development efforts with our lightweight, durable, flexible
thin-film solar modules. Ascent Solar's transformational technology
enables renewable power generation in aircraft applications while adding
minimal weight to the vehicle. We are excited to apply our technology in
collaboration with Bye Aerospace to develop a new generation of UAVs."
About Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic
modules using flexible substrate materials that can transform the way
solar power generation integrates into everyday life. Ascent Solar
modules, which were named one of TIME Magazine's 50 best
inventions for 2011, can be directly incorporated into standard building
materials, commercial transportation, automotive solutions, space
applications, consumer electronics for portable power and durable
off-grid solutions. For more information, go to www.AscentSolar.com.
About Bye Aerospace
Bye Aerospace, founded in 2007 and headquartered near Denver, is
applying clean energy solutions to innovative aircraft designs for the
aerospace and defense markets. For more information, go to www.ByeAerospace.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.
Ascent Solar Technologies, Inc.
Media & Public Relations:
Brad
Kemp, 720-872-5148
bkemp@ascentsolar.com
or
Investor
Relations:
ir@ascentsolar.com
or
Bye
Aerospace
Diane Simard, +1-303-459-2862
DSimard@ByeAerospace.com
Source: Ascent Solar Technologies
News Provided by Acquire Media
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