Wednesday July 26, 2017 0 comments
THORNTON -- Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, lightweight, and flexible thin-film photovoltaic (PV) solutions, announced it delivered the first shipment of solar modules for a high-altitude application project.
Ascent did not identify the client in its press release.
Ascent said the first shipment was delayed from the original scheduled shipment date at the request of its customer due to delays in their project schedule. The shipment is now completed, successfully tested and accepted by the customer, Ascent said.
"We have noted previously that Ascent's thin-film CIGS PV technology produces modules with the highest power-to-weight ratio, and this characteristic is incredibly important especially for aerospace, near-space, and space applications,” said Dr. Joseph Armstrong, Ascent’s founder and CTO.
“We were able to provide the customer with a unique modular product that is designed to reduce part count significantly over our competition, while providing the ability and flexibility to integrate the modules into different form factors for different applications as their product evolves."
"This contract is by far the single-largest PV sales contract in the corporate history of Ascent Solar, and the first ever large shipment of such customized high-voltage superlight thin-film for high altitude application," said Victor Lee, Ascent Solar CEO and president.
"The contract is not only significant in value but also underscores the power of Ascent's proprietary technology to address these rapidly emerging and growing premium PV markets.
“We hope that this contract is only the 'tip of the iceberg' as the project, if successfully launched, is expected to be rolled out on a much larger scale in the future."