Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a manufacturer and
developer of state-of-the-art, flexible thin-film photovoltaic (PV)
modules, was selected by Vanguard Space Technologies (Vanguard) to
provide modules for two additional Small Business Innovative Research
(SBIR) program that require lightweight, flexible, and durable PV
solutions.
Vanguard will utilize proprietary space environment protection
technology along with automated manufacturing approaches, combined with
Ascent’s flexible PV, to create a very thin, high power-to-weight ratio,
large space solar arrays for space, as well as for novel integration
into the wings of unmanned aerial vehicles (UAVs). Ascent will leverage
their experience with space-based and demonstrated UAV solar products to
provide optimized variants of their production PV.
“We are honored to have been chosen again by Vanguard Space Technologies
for these projects,” stated Dr. Joseph Armstrong, Chief Technology
Officer of Ascent Solar. “Our existing flexible, monolithically
integrated CIGS product represents an excellent starting point for a
wide range of applications, including Vanguard’s space and UAV-based
products. Our production CIGS represent an excellent option to
futuristic solar cells where availability is as critical to mission
success as our flexibility, light weight, and durability have been. Our
growing relationship with Vanguard represents an exciting partnership
for developing new products in these challenging markets.”
“Vanguard is pleased to have these opportunities to incorporate Ascent’s
CIGS cells into our solar array modules”, said Mr. Matt Wrosch, Manager
of Solar Power Systems at Vanguard. “The advent of our extreme
environment thin film coatings, automated manufacturing friendly array
design, and Ascent’s proven cell technology provides an excellent fit
for our ongoing investigations into next generation durable, affordable,
large-area space solar arrays and also extended range UAV solar
wing-skins.”
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic
modules using flexible substrate materials that can transform the way
solar power generation integrates into everyday life. Ascent Solar
modules, which were named one of TIME Magazine's 50 best inventions for
2011, can be directly incorporated into standard building materials,
commercial transportation, automotive solutions, space applications,
consumer electronics for portable power and durable off-grid solutions.
More information can be found at ascentsolar.com.
About Vanguard Space Technologies:
Vanguard specializes in the engineering, tooling, manufacturing,
assembly and testing of high-performance, lightweight and precision
aerospace structures. The company’s main product lines include antenna
reflectors, spacecraft structures, instrument structures and solar power
systems for commercial, defense, military and research satellites.
Founded in 1994, and having nearly 20 years of space heritage, Vanguard
has extensive experience in composite and advanced, hybrid technologies
for spaceborne applications. The company also has a growing business in
space power and optical and thermal products including Modular Solar
Panels, Flexible Solar Panels, Shielded, Electromagnetically Clean Solar
Panels, Solar Concentrators, Deployable Solar Arrays and Deployable
Radiator Arrays.
Forward-Looking Statements
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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
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"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.
Copyright Business Wire 2014