Announced that it has met a new manufacturing milestone by achieving 14% cell efficiency for its Copper, Indium, Gallium, Selenide (CIGS) on flexible plastic substrate produced at its Fab1 (1.5MW) commercial production plant
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film solar modules, today announced that it has met a new manufacturing milestone by achieving 14% cell efficiency for its Copper, Indium, Gallium, Selenide (CIGS) on flexible plastic substrate produced at its Fab1 (1.5MW) commercial production plant.
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U.S. Department of Energy’s National Renewal Energy Laboratory (NREL), the nation’s primary laboratory for renewable energy and energy efficiency research and development, measured 14.01% cell efficiency for Ascent Solar CIGS material. Adding to this news, Ascent Solar announced a peak efficiency of 11.7% for its monolithically integrated CIGS modules manufactured at its Fab1 (1.5MW) plant in Littleton, CO.
Dr. Farhad Mogahadam, President & CEO for Ascent Solar stated, “This is a significant breakthrough in demonstrating our ability to achieve thin film CIGS cells with 14% efficiency from regular production machines. Ascent Solar’s ability to manufacturer monolithically integrated modules with efficiency as high as 11.7% in regular production serves as a vital element to our low cost per watt manufacturing goal.”
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, 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 National Renewable Energy Laboratory
The National Renewable Energy Laboratory (NREL) is the nation’s primary laboratory for renewable energy and energy efficiency research and development (R&D). NREL is operated for the U.S. Department of Energy by The Alliance for Sustainable Energy, LLC. Additional information can be found at www.nrel.gov
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.
For Ascent Solar Technologies, Inc.
Brian Blackman, 832-515-0928 (Investor Relations)
bblackman@ascentsolar.com
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