Ascent Solar Technologies Inc (ASTI)

[mregypt]

THORNTON, CO -- (Marketwired) -- 01/19/17 -- Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announces that the Company has secured a major contract from an Asian customer to supply its high-voltage, superlight thin-film module for an advanced aerospace application.

"Ascent Solar was asked to customize a fully encapsulated, large area thin-film module weighing no more than 420 grams per square meter (1.38 ounces per square foot), which could withstand extreme operating temperature ranges from +100 to -75 Degree Celsius (approximately +210 to -100 Fahrenheit)," said Dr. Joe Armstrong, founder and CTO of Ascent Solar. "Furthermore, the Ascent team designed the module to easily integrate into the customer's application. Meeting these specific requirements demonstrates our ability to continuously achieve new frontiers in the lightweight thin-film solar arena, and establish Ascent as the leader in high value-add PV markets."

After lengthy and vigorous testing and validation for over 2 years, the customer is now making commercial size orders. They are impressed with Ascent's technology, the team and the unique offerings of monolithically-integrated thin-film modules. The total contract value is approximately $516K, and product will be delivered throughout the year.