Ascent Solar and Icopal SAS Sign Cooperation Agreement Tuesday April 15, 6:00 am ET
LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI - News), a developer of thin-film photovoltaic (PV) modules, announced today the entering into of a definitive cooperation agreement with Icopal SAS of France. The agreement focuses on the development of new building integrated photovoltaic (BIPV) roofing products intended to be distributed by Icopal into the European marketplace. ADVERTISEMENT
Initially, Ascent Solar intends to supply Icopal with product from its existing 1.5 MW production line for the development, testing and certification of the BIPV products. The parties also envision demonstration scale projects to validate performance and develop market demand for the BIPV roofing products.
“As an innovative company in flexible PV modules, Ascent Solar is a natural partner for Icopal for integration of Ascent’s products into Icopal’s flexible roofing membranes,” said Bruno Fabvier of Icopal SAS.
“As a leader in roofing systems, Icopal is well positioned to harness the capabilities of our PV modules,” said Joseph McCabe, Vice President of Business Development at Ascent Solar. “We believe that by working with European-based building material companies there is an opportunity to develop higher value BIPV markets in Europe.”
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