Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of
state of the art flexible thin-film solar modules, announced today
that the Defense Advanced Research Projects Agency (DARPA) has
selected their team for an award under the Low-Cost Lightweight
Portable Photovoltaics (PoP) solicitation. The ASTI-led program,
entitled “Flexible High-performance Tandem-junction PV Array”,
consists of three gated phases, the first of which is 18 months and
has an approximate contract value of $3.8M. The entire
program is anticipated to continue over the next 54 months. The
goal of PoP is to demonstrate low-cost, lightweight photovoltaics
(PV) that can stand up to battle conditions and environmental
extremes while delivering a power conversion efficiency of 20% or
greater by the end of the program.
ASTI leads a highly-talented team of small businesses (ITN
Energy Systems, Littleton, CO, Cambrios Technologies Company,
Sunnyvale, CA, Brewer Science, Rolla, MO), large business (QinetiQ
North America-TSG, Boston, MA) and academia (Institute of Energy
Conversion (IEC), Newark, DE) partners to leverage their collective
expertise with dedicated funding from DARPA to meet the highly
aggressive goals of the PoP program.
“We are excited that DARPA selected our team for the PoP
project,” stated Farhad Moghadam, President and CEO of Ascent
Solar. ”In order to meet the aggressive goals of performance,
capacity, and military toughness, our team has put together a
definitive plan that combines our flexible CIGS production
experience and existing MILSTD 810G military product, advanced
high-temperature substrates from QinetiQ, the combined expertise in
multijunction thin film technology from ASTI and IEC, films for
optical and electrical enhancement from Brewer and Cambrios, and
enhanced packaging technologies being developed by ITN and ASTI.
The outcome of the program dovetails nicely with our existing
technology improvement pathway for our flexible thin film
monolithically integrated CIGS-based PV modules at 20% module
efficiency for the Department of Defense (DoD).”
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, 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.
About ITN Energy Systems:
After working for more than 20 years in aerospace industry, Dr.
Mohan Misra founded ITN Energy Systems, Inc. (ITNES) in 1994 to
bring aerospace know-how to the commercial marketplace. ITNES
primary mission is to identify, develop and commercialize emerging
technologies for defense and commercial markets by establishing
successful spin-offs, joint ventures or licensing arrangements.
ITNES focuses on developing advanced products and technologies that
address the needs of today's competitive business environment,
which is driven by the technology revolution. ITNES has built a
diverse and growing technology portfolio for CleanTech including
energy generation and storage, energy efficiency, and environment
applications, which has provided ITNES with an unprecedented growth
opportunity in the past as well as in the future. Since 1996 ITNES
has successfully spun-off four companies, they are Global Solar
Energy (www.globalsolar.com), Infinite Power Solutions
(www.infinitepowersolutions.com), Microsat Systems
(www.microsatsystems.com) and Ascent Solar Technologies
(www.ascentsolar.com). For more information on ITNES please visit
www.itnes.com.
About Brewer Science
Brewer Science delivers innovative material, process, and
equipment solutions for various applications including
nanotechnology, lithography, advanced packaging, MEMS,
optoelectronics, and compound semiconductors. As the inventor of
ARC® anti-reflective coating products for the microlithography
world, Brewer Science continues to expand its scope with CNTRENE®
microelectronics-grade carbon nanotube solutions, ProTEK® temporary
etch protective coatings, WaferBOND® temporary bonding materials,
OptiNDEX™ high refractive index coatings, and Cee® processing
equipment. Additional information can be found at
www.brewerscience.com.
About Cambrios
Cambrios is an electronic materials company that develops
proprietary, competitive products using nanotechnology. Cambrios
implements its novel technology to simplify electronics
manufacturing processes, improve end-product performance and
identify ways to satisfy unmet industry needs. The company’s first
product is ClearOhm™ coating material that produces a transparent,
conductive film by wet processing. ClearOhm™ films have improved
properties by comparison to currently used materials such as indium
tin oxide and other transparent conductive oxides. Applications of
ClearOhm™ coating material include transparent electrodes for touch
screens, liquid crystal displays, e-paper, OLED devices, and thin
film photovoltaics. Additional information can be found at
www.cambrios.com.
About QinetiQ North America’s Technology Solutions
Group
QinetiQ North America’s Technology Solutions Group includes the
businesses of Foster-Miller, Inc. and its subsidiaries Planning
Systems Incorporated – PSI, Automatika, Applied Perception,
Spectro, Inc., plus the research and development activities of
Apogen Technologies, Inc. It is a technology and product
development business with an international reputation for
delivering innovative products and systems that perform under the
most demanding conditions. Additional information can be found at
www.qinetiq-na.com.
About the Institute of Energy Conversion (IEC)
The Institute of Energy Conversion (IEC), established at the
University of Delaware in 1972, is a laboratory devoted to research
and development of thin-film photovoltaic solar cells and other
photonic devices. IEC was designated a University Center of
Excellence for Photovoltaic Research and Education by the
Department of Energy and the National Renewable Energy Laboratory
in 1992 . Fundamental materials and device research is carried out
in parallel with process engineering studies and analysis of film
deposition and processing. The broad scope of the research and
development effort offers opportunity for study in the fields of
physics, chemistry, materials science, chemical engineering,
mechanical engineering, and electrical engineering as well as
collaboration with industrial groups seeking to manufacture and
commercialize photovoltaics. IEC is a totally integrated laboratory
in which materials and films are synthesized and characterized and
electrical devices are fabricated and analyzed, offering the unique
experience of correlating properties of completed devices with
their fabrication processing all under one roof. Close
collaboration between IEC staff and thin film photovoltaic
industrial partners insures that the research is relevant to
today's technology and includes state-of-the-art process
development.
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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