Ascent Solar, ICP Solar Enter Cooperation Agreement

Ascent Solar Technologies Inc. has entered into a definitive cooperation agreement with ICP Solar Technologies Inc, whereby Ascent Solar will provide ICP Solar with thin-film PV material from its existing 1.5 MW production line in 2008 and 2009, while ICP Solar will develop, test and integrate Ascent Solar's PV materials into ICP Solar's portable power and other electronic-integrated PV products.

‘Ascent's CIGS thin-film technology is well suited to those applications,’ says Sass Peress, ICP Solar's CEO and chairman. ‘Placing the PV material and modules on flexible, lightweight, plastic substrate materials allows for manufacturing of similarly lightweight and flexible solar panels, which will expand our new product development opportunities.’

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