Ascent Solar Technologies Inc. has entered into a definitive cooperation agreement with Giscosa Sociedad Limitada of Spain, a distributor and manufacturer of rubber membranes for roofing, reservoirs and canals. The agreement focuses on the development of building integrated photovoltaic (BIPV) roofing products intended to be distributed by Giscosa into the European marketplace.
The parties have agreed to collaborate in the development of BIPV roofing materials based on Giscosa's existing RubberSun roofing products. Ascent Solar intends to supply Giscosa with product from its existing 1.5 MW production line for the development, testing and certification of the BIPV products. The parties also envision subsequent demonstration-scale projects to validate performance and develop market demand for the BIPV roofing products.