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Ascent Solar: Cooperation Agreement
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Ascent Solar Technologies, Inc., a developer of state of the art flexible thin-film photovoltaic modules, announced the signing of a definitive Cooperation Agreement with TurtleEnergy LLC of Linden, New Jersey. The agreement focuses on the development of new building integrated photovoltaic (BIPV) products intended for the U.S. marketplace.
The parties have agreed to collaborate in the development of BIPV roofing materials. Ascent Solar initially intends to supply TurtleEnergy with product from its existing 1.5 MW production line during 2009 for TurtleEnergy to develop, test and certify integrated BIPV products. Ascent Solar intends to increase deliveries of solar modules to TurtleEnergy 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 BIPV roofing products.
John Milard, TurtleEnergy founder indicated, “Ascent Solar’s flexible, light weight PV modules work well with our solar electric business plans and strategies, continuing our culture of new innovations rooted in an 85 year legacy.”
Joseph McCabe, Ascent Solar’s Vice President of Business Development stated, “Ascent Solar is pleased to be working with experienced systems integrators / innovators like TurtleEnergy. We believe TurtleEnergy will be an attractive business partner for photovoltaic product development, with BIPV installation experience in locations that have attractive incentives.”
About TurtleEnergy:
TurtleEnergy LLC combines extensive design and systems engineering experience with a uniquely advantageous relationship with its parent company, Turtle & Hughes, drawing from its relationship to some 3,000 members of the electrical installation community. TurtleEnergy has access to the best-of-breed photovoltaic components, and the leading professional contractor field teams operating in the electrical industry today. TurtleEnergy is located in Linden, New Jersey. Additional information for Turtle Energy can be found at www.turtleenergy.com.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. (Nasdaq:ASTI - News) 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 located in Littleton, Colorado. For more information about Ascent Solar, please visit www.ascentsolar.com.
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.
Contact:
Ascent Solar Technologies, Inc.
Brian Blackman, 832-515-0928 (Investor Relations)
[email protected]
Source: Ascent Solar Technologies, Inc.
Ascent Solar Technologies, Inc., a developer of state of the art flexible thin-film photovoltaic modules, announced the signing of a definitive Cooperation Agreement with TurtleEnergy LLC of Linden, New Jersey. The agreement focuses on the development of new building integrated photovoltaic (BIPV) products intended for the U.S. marketplace.
The parties have agreed to collaborate in the development of BIPV roofing materials. Ascent Solar initially intends to supply TurtleEnergy with product from its existing 1.5 MW production line during 2009 for TurtleEnergy to develop, test and certify integrated BIPV products. Ascent Solar intends to increase deliveries of solar modules to TurtleEnergy 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 BIPV roofing products.
John Milard, TurtleEnergy founder indicated, “Ascent Solar’s flexible, light weight PV modules work well with our solar electric business plans and strategies, continuing our culture of new innovations rooted in an 85 year legacy.”
Joseph McCabe, Ascent Solar’s Vice President of Business Development stated, “Ascent Solar is pleased to be working with experienced systems integrators / innovators like TurtleEnergy. We believe TurtleEnergy will be an attractive business partner for photovoltaic product development, with BIPV installation experience in locations that have attractive incentives.”
About TurtleEnergy:
TurtleEnergy LLC combines extensive design and systems engineering experience with a uniquely advantageous relationship with its parent company, Turtle & Hughes, drawing from its relationship to some 3,000 members of the electrical installation community. TurtleEnergy has access to the best-of-breed photovoltaic components, and the leading professional contractor field teams operating in the electrical industry today. TurtleEnergy is located in Linden, New Jersey. Additional information for Turtle Energy can be found at www.turtleenergy.com.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. (Nasdaq:ASTI - News) 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 located in Littleton, Colorado. For more information about Ascent Solar, please visit www.ascentsolar.com.
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.
Contact:
Ascent Solar Technologies, Inc.
Brian Blackman, 832-515-0928 (Investor Relations)
[email protected]
Source: Ascent Solar Technologies, Inc.