SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Solar Power -- Ignore unavailable to you. Want to Upgrade?


To: bob zagorin who wrote (340)9/24/2008 4:07:01 PM
From: $Mogul  Respond to of 9955
 
Ascent Solar and Texsa Sign Cooperation Agreement
Wednesday September 24, 6:00 am ET

biz.yahoo.com

LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI - News), a developer of state of the art flexible thin-film photovoltaic modules, today announced the signing of a definitive Cooperation Agreement with Texsa S.A. of Spain. The agreement focuses on the development of new photovoltaic roofing products intended for the European marketplace.

The parties have agreed to collaborate in the development of building integrated photovoltaic (BIPV) roofing materials based on Texsa’s existing product lines of protective roofing and thermal insulating boards for inverted-system flat or pitched roofs. Ascent Solar initially intends to supply Texsa with product from its existing 1.5 MW production line for Texsa to develop, test and certify integrated BIPV products, and then intends to increase deliveries of solar modules to Texsa after Ascent Solar’s planned expansion of production capacity. Subsequent demonstration scale projects are envisioned to validate the system level performance and to develop market demand for the jointly developed BIPV roofing products.

Joseph McCabe, Ascent Solar’s Vice President of Business Development stated, “Ascent Solar is pleased to be working with roofing innovators like Texsa. We believe Spain offers an attractive business environment for photovoltaic roofing, including a high level of incentives for distributed generation BIPV solutions.”

Josep M Sala, Texsa’s Director General stated, “We are fully convinced that the combination of expertise between Ascent Solar and Texsa will provide the best energy generating photovoltaic roofing solution for commercial success in the Iberia, France and Italian markets.”

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, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is located in Littleton, Colorado.

About Texsa S.A. of Spain:

TEXSA is a Spanish company that manufactures and markets products for roofing - waterproofing, thermal and acoustic insulation, as well as the corresponding auxiliary products for each of these fields. Through its subsidiaries, Texsa has operations in Portugal, India, Mexico, France and Egypt and currently exports to over 30 countries throughout the five continents.

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 "believes," "belief," "expects," "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.

Contact:
For Ascent Solar Technologies, Inc.
Brian Blackman, 832-515-0928 (Investor Relations)
bblackman@ascentsolar.com
or
Brand Fortified Public Relations
Kelly Brandner, 303-289-4303 (Media)
kellybrandner@msn.com

--------------------------------------------------------------------------------
Source: Ascent Solar Technologies, Inc.



To: bob zagorin who wrote (340)10/6/2008 2:16:32 PM
From: $Mogul  Respond to of 9955
 
Ascent Solar Hires Chief Marketing Officer
Monday October 6, 6:00 am ET
biz.yahoo.com
Source: Ascent Solar Technologies, Inc.

LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI - News), a developer of state of the art flexible thin-film photovoltaic modules, today announced that Bruce Berkoff has been appointed Chief Marketing Officer of the company. Mr. Berkoff brings to Ascent Solar over 25 years of executive experience in engineering, product development and marketing for technology companies.

“We are delighted that Bruce has joined our senior management team in this newly created executive role. He brings extensive experience in growing a high tech company in a rapidly expanding and highly competitive environment. Bruce’s visionary insights and proven leadership in development of international business will further enable us to strengthen and develop additional strategic partnerships as we work to complete the installation of our initial 30 MW production facility and our subsequent planned expansions,” said Dr. Mohan Misra, Ascent Solar's Chairman.

Prior to joining Ascent Solar, Mr. Berkoff was Chief Marketing Officer of LG.Philips LCD (NYSE:LPL - News), one of the world’s largest TFT LCD suppliers. Mr. Berkoff currently serves on the boards of directors of LG Display (LPL) and Unipixel (UNXL.OB), and serves as Chairman of the LCD TV Association. Mr. Berkoff was CEO of Enuclia Semiconductor, CMO and EVP at LPL, vice president and general manager at Philips Components FDS, and has held various other executive positions. He holds undergraduate and graduate degrees from Princeton and UC Berkeley, respectively.

“I believe there are few problems currently facing our entire society that are more important than the creation of clean and affordable renewable energy, and I am delighted and honored to be joining such a talented team working in this field. Ascent Solar has what I believe to be the best technology and roadmap in the thin-film solar arena,” stated Mr. Berkoff.

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, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is located in Littleton, Colorado.

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 "believes," "belief," "expects," "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.

Contact:
For Ascent Solar Technologies, Inc.
Brian Blackman, 832-515-0928 (Investor Relations)
bblackman@ascentsolar.com
or
Brand Fortified Public Relations
Kelly Brandner, 303-289-4303 (Media)
kellybrandner@msn.com

--------------------------------------------------------------------------------
Source: Ascent Solar Technologies, Inc.



To: bob zagorin who wrote (340)10/7/2008 10:32:12 AM
From: $Mogul  Respond to of 9955
 
Hydro Increases Stake in Ascent Solar to 35%
Business Wire
biz.yahoo.com

LITTLETON, Colo.--(BUSINESS WIRE)--

Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, thin-film photovoltaic modules, announced today that Norsk Hydro ASA, through its subsidiary Norsk Hydro Produksjon AS, has exercised an option to purchase additional shares of Ascent Solar common stock. The option was granted to Hydro and approved by Ascent Solar's shareholders in June 2007. Gross proceeds to the company from the follow on investment will be approximately $15 million, and reflect a per share purchase price equal to the average of the closing bid, as reported by Nasdaq, for the five consecutive trading days preceding exercise. Ascent Solar expects the transaction to close by October 8, 2008. Upon acquiring these additional shares, Hydro will hold approximately 35% of the total outstanding common shares and also approximately 35% of the total outstanding Class B warrants of Ascent Solar. Hydro has invested a total of approximately $63 million in the company.

"Ascent has developed a unique technology for the production of super thin and flexible solar cell modules that are well suited for integration in building systems. As Hydro is a major supplier of building systems in Europe, the partnership with Ascent is strategically important," says Einar Glomnes, head of Hydro's solar business unit.

Ascent Solar President and Chief Executive Officer Dr. Mohan Misra said "we are encouraged by Hydro's continued support and confidence in Ascent Solar's technologies, products and people. We intend to use these proceeds to support our continued progress toward our manufacturing milestones as we ramp to commercialization."

About Norsk Hydro ASA:

Headquartered in Oslo, Norway, Hydro is one of the world's leading suppliers of aluminum, and is a major global supplier of aluminum-based building systems. The company employs approximately 22,000 people in more than 30 countries and has activities on all continents. Please visit Hydro's website for additional information at www.hydro.com

About Ascent Solar Technologies, Inc.:

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, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment. Ascent Solar is located in Littleton, Colorado. Please visit our website for additional information at www.ascentsolar.com.

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 "believes," "belief," "expects," "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.

Source: Ascent Solar Technologies, Inc.