Ascent Solar Technologies Inc (ASTI)

[mrktmaker]

Ascent Solar Wins Another U.S. Air Force Research Program
Monday May 14, 6:00 am ET


LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI - News; BSX:AKC) today announced that it has been selected by the U.S. Air Force to develop a new transparent conductive oxide (TCO) material to serve as the top electrical contact for flexible monolithically integrated thin-film, copper-indium-gallium-selenium (CIGS) solar cells.
The Ascent Solar innovation involves developing a new material system that will be deposited using a novel roll-to-roll process. The new process offers the potential for a higher-quality, lower-cost alternative to the TCO materials and deposition methods presently used. The program will be performed under a Small Business Innovative Research contract.

Ascent Solar Vice President and Chief Technology Officer Dr. Joseph Armstrong stated, "This program provides us with a unique opportunity to improve the top layer of our flexible thin-film photovoltaic product. We believe that the new film material and innovative manufacturing method offers the potential for significantly lower-cost and better-performing products in the future."