Ascent Solar Awarded Second Phase of High Efficiency Solar Cell Program.LITTLETON, 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) today announced that it has been selected by the U.S. Air Force to continue development of a flexible thin-film tandem solar cell solar cell, semiconductor devised to convert light to electric current. It is a specially constructed diode, usually made of silicon crystal. When light strikes the exposed active surface, it knocks electrons loose from their sites in the crystal. with a goal of achieving photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. conversion efficiencies of 20%. A tandem solar cell is a combination of two cells stacked atop one another, with the top and bottom cells gathering energy from separate parts of the solar spectrum the spectrum of solar light, especially as thrown upon a screen in a darkened room. It is characterized by numerous dark lines called Fraunhofer lines. See also: Spectrum . Tandem cells require two solar cells that not only have the desired electrical and optical properties, but that also share compatible manufacturing processes. The project is expected to be performed under the second phase of an Air Force Small Business Innovative Research contract, and under the auspices of the Office of the Secretary of Defense The Office of the Secretary of Defense (OSD) is part of the United States Department of Defense and includes the entire staff of the Secretary of Defense. It is the principal staff element of the Secretary of Defense in the exercise of policy development, planning, resource . Ascent Solar expects the contract value of the project to be approximately $750,000, pending negotiation. Ascent Solar's Vice President and Chief Technology Officer, Dr. Joseph Armstrong Joseph Armstrong may refer to:
About Ascent Solar Technologies, Inc. Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules and is located in Littleton, Colorado The City of Littleton is a home rule municipality located in the Denver Metropolitan Area of the State of Colorado. As of 2005, the city is estimated to have a total population of 40,396.[1] Littleton is the 17th most populous city in the State of Colorado. . Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 expresses 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 Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion