Ascent Solar Technologies, Inc. (NASDAQ:ASTI ), a developer of flexible thin-film photovoltaic modules, signed a definitive Cooperation Agreement with Texsa S.A. of Spain. The agreement focuses on the development of new photovoltaic roofing products intended for the European marketplace.
The parties have agreed to collaborate in the development of building integrated photovoltaic (BIPV) roofing materials based on Texsa’s existing product lines of protective roofing and thermal insulating boards for inverted-system flat or pitched roofs. Ascent Solar initially intends to supply Texsa with product from its existing 1.5 MW production line for Texsa to develop, test and certify integrated BIPV products, and then intends to increase deliveries of solar modules to Texsa after Ascent Solar’s planned expansion of production capacity.
Subsequent demonstration scale projects are envisioned to validate the system level performance and to develop market demand for the jointly developed BIPV roofing products.
Joseph McCabe, Ascent Solar’s Vice President of Business Development stated, "Ascent Solar is pleased to be working with roofing innovators like Texsa. We believe Spain offers an attractive business environment for photovoltaic roofing, including a high level of incentives for distributed generation BIPV solutions."
Josep M Sala, Texsa’s Director General stated, "We are fully convinced that the combination of expertise between Ascent Solar and Texsa will provide the best energy generating photovoltaic roofing solution for commercial success in the Iberia, France and Italian markets."
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 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 located in Littleton, Colorado.
About Texsa S.A. of Spain:
TEXSA is a Spanish company that manufactures and markets products for roofing–waterproofing, thermal and acoustic insulation, as well as the corresponding auxiliary products for each of these fields. Through its subsidiaries, Texsa has operations in Portugal, India, Mexico, France and Egypt and currently exports to over 30 countries throughout the five continents.
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