Ascent Solar Signs Distribution Agreement with Votum of the Czech Republic
October 12 2010 - 8:30AM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of
flexible thin-film solar modules, announced today that Votum, a
Czech Republic-based solar integrator, will begin distribution of
Ascent Solar’s lightweight, flexible, high power thin-film CIGS
modules for building integrated (BIPV), building applied (BAPV) and
portable power solutions in the Czech Republic. The agreement with
Votum gives Ascent Solar access to multiple market segments in the
Czech Republic’s solar market.
Ascent Solar President and CEO Farhad Moghadam stated: “We are
pleased to announce our agreement with Votum. This relationship
will give us access to a rapidly growing market for BIPV and BAPV
applications in the Czech Republic. We also expect that other
products in our lineup of flexible, lightweight CIGS modules will
be marketed through this relationship. Votum has a sound solar
integration business and is an excellent partner to have for
distribution of our products in the Czech Republic.”
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, commercial transportation, automotive solutions, space
applications, consumer electronics for portable power or configured
as stand-alone modules for large scale terrestrial deployment.
Ascent Solar is headquartered in Thornton, Colo. Additional
information can be found at www.ascentsolar.com.
Forward Looking Statements
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 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
“may,” “will,” “should,” "believes," ”expect," "intend,"
"anticipate," "plan," “estimate” to be uncertain and
forward-looking. The forward-looking statements contained herein
are also subject to risks and uncertainties that are described in
our most recent annual report on Form 10-K under the heading “Risk
Factors” and our subsequent filings with the Securities and
Exchange Commission. We do not undertake any obligation to update
publicly any forward-looking statements whether as a result of the
receipt of new information, future events, or otherwise.
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