Ascent Solar and Energy Technologies, Inc. Sign Cooperation Agreement
September 25 2009 - 6:00AM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of
flexible thin-film photovoltaic modules, today announced the
signing of a definitive Cooperation Agreement with Energy
Technologies, Inc. of Mansfield, Ohio. The agreement focuses on the
development of new photovoltaic products intended for the U.S.
military.
The parties have agreed to collaborate in the development of
hybrid solar power generation systems for rapidly deployable
tactical soft-walled shelters. Ascent Solar has supplied Energy
Technologies with product from its existing commercial production
line for a military shelter that has been used in demonstrations to
potential military customers. Energy Technologies will also
showcase Ascent’s 2-Meter modules on a soft-walled shelter at two
upcoming expositions: Modern Day Marine on Monday, September 29,
2009 in Quantico, Virginia and the 2009 Association of the U.S.
Army Annual Meeting & Exposition in Washington, D.C. on
Thursday, October 1, 2009. Ascent Solar intends to supply Energy
Technologies with modules for subsequent 2010 demonstration
projects from its upcoming 30MW high volume production line.
Tim Lowe VP Sales, Energy Technologies stated, “Ascent Solar’s
flexible, light weight PV modules work well with our hybrid
military power systems and are now being integrated into ETI’s
tactical soft-walled shelter which will be on demonstration in
Quantico, Virginia and Washington DC.”
Ascent Solar President and CEO Farhad Moghadam added, “Our
material is well suited for integration into various portable and
tactical solar powered solutions for the military. Working with
experienced specialty integrators like Energy Technologies has
helped expand our development and penetration into this exclusive
market. We look forward to the demonstration of these new concepts
and products for this premium market opportunity at the upcoming
expositions.”
About Energy Technologies:
Energy Technologies, Inc. has been providing field proven
reliability with its cost effective products since 1992. These
product solutions cover the production, conditioning, and control
of AC and DC power in a wide range of environments. These rugged
products meet the demands and rigors of military, government,
industrial, medical and telecommunications sectors. Mobile
applications include shipboard, submarine, vehicular, aircraft and
field deployment. Stationary applications consist of factories,
process plants, utilities, networks, even offshore platforms and
desert installations. Energy Technologies is located in Mansfield,
Ohio. Additional information for Energy Technologies can be found
at www.powersource.net or www.tacticalsolar.com.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) 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 military and
space applications, building integrated applications, and consumer
electronics for portable power or configured as stand alone modules
for large scale terrestrial deployment. Ascent Solar is located in
Thornton, Colorado. For more information about Ascent Solar, please
visit www.ascentsolar.com.
Forward Looking Statements
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historical or current fact constitute "forward-looking statements."
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any historical results or from any future results expressed or
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readers are urged to consider statements that contain terms such as
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"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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