Ascent Solar Achieves 14 Percent Cell Efficiency Milestone in Commercial Production.THORNTON, Colo. -- Ascent Solar Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :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 Sel´e`nide n. 1. (Chem.) A binary compound of selenium, or a compound regarded as binary; as, ethyl selenide s>. (CIGS CIGS Ceilings (general aviation weather) CIGS Copper Indium Gallium Selenide CIGS Chief of the Imperial General Staff (WWII British) CIGS Centro de Instrução de Guerra na Selva ) on flexible plastic substrate produced at its Fab1 (1.5MW) commercial production plant. U.S. Department of Energy's National Renewal Energy Laboratory (NREL NREL National Renewable Energy Laboratory NREL Natural Resource Ecology Laboratory (Colorado State University, Fort Collins, CO) ), the nation's primary laboratory for renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , 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), located in Golden, Colorado, as part of the U.S. Department of Energy, is the United States' primary laboratory for renewable energy and energy efficiency research and development. 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 (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . 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. |
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