Ascent Solar and Texsa Sign Cooperation Agreement.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), a developer of state of the art flexible thin-film photovoltaic modules In the field of photovoltaics, a photovoltaic module is a packaged interconnected assembly of photovoltaic cells, also known as solar cells. An installation of photovoltaic modules or panels is known as a photovoltaic array. , today announced the signing of a definitive Cooperation Agreement with Texsa S.A. of Spain. The agreement focuses on the development of new photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. roofing products intended for the European marketplace. The parties have agreed to collaborate in the development of building integrated photovoltaic (BIPV BIPV Building-Integrated Photovoltaic (system) BIPV Bit Interleaved Parity Violation ) roofing materials based on Texsa's existing product lines of protective roofing and thermal insulating boards for inverted-system flat or pitched roofs pitched roof n. A two-sided sloped roof having a gable at both ends. Also called gable roof. . 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
Joseph Martin McCabe (1867–1955) was an English writer and speaker on freethought, after having been a priest earlier in his life. , 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 Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or 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 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 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. . 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. Forward Looking Statements Statements in this press release that are not statements of historical or current fact constitute "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. ." 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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