Ascent Solar Technologies, Inc. (NASDAQ: ASTI) announced an agreement with ICP Solar Technologies Inc. (OTCBB: ICPR; FRANKFURT: K1U.F) to provide ICP Solar with thin-firm photovoltaic (PV) material for development, testing and use in ICP Solar’s portable power and other electronic-integrated PV products.
The agreement is for 2008 and 2009.
ICP Solar CEO and Chairman Sass Peress said, "Ascent’s CIGS thin-film technology is well suited to those applications. Placing the PV material and modules on flexible, lightweight, plastic substrate materials allows for manufacturing of similarly lightweight and flexible solar panels, which will expand our new product development opportunities."
"ICP Solar’s expertise in the portable consumer solar products industry and its international distribution network make ICP Solar an excellent partner," said Matthew Foster, Ascent Solar’s President and CEO. "We believe that our CIGS thin-film technology is well suited for use in portable solar power and other electronic integrated PV products."
About Ascent Solar Technologies, Inc.:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules and is located in Littleton, Colorado.
About ICP Solar Technologies, Inc.:
ICP Solar is a developer, manufacturer and marketer of solar cells and solar cell based products and building materials. The company’s headquarters is located in Montreal, Canada, with additional locations in the USA, Spain, Ireland and France. Corporate information may be found at www.icpsolar.com.
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