Ascent Solar Technologies Inc., a developer of flexible thin-film photovoltaic modules, says it will ‘intensify its pursuit of market opportunities,’ including re-entrance into the building-integrated PV (BIPV) and building-applied PV sectors, which was delayed in March 2011.
The company plans to continue to serve premium off-grid markets in the near term while aggressively ramping production and certifying an updated line of modules to IEC and UL standards in the fourth quarter of 2012. Ascent expects to re-enter the rooftop solar market on a global scale, with particular focus on the rapidly growing Asian market.
In addition, the company has appointed Xu Biao a member of its board of directors. Xu is the founder and chairman of Radiant Group, a metal roofing contractor and provider of building materials based in China. Xu is also the chairman of TFG Radiant Investment Group Ltd., the single largest shareholder of Ascent Solar.
