Ascent Solar Technologies Signs Deal With Kirloskar Integrated Technologies

Ascent Solar Technologies Inc., a developer of flexible thin-film solar modules, has signed a strategic alliance agreement with Kirloskar Integrated Technologies Ltd. India, an industrial and engineering conglomerate.

Under the terms of the multi-phase agreement, the two companies will commence integration, marketing and distribution of Ascent Solar's flexible copper indium gallium diselenide photovoltaic modules into products designed to address multiple market opportunities in India.

Target markets include defense, consumer portable power, off-grid rural power solutions, and hybrid solar and diesel generation backup power systems. Phase two of the agreement provides for the establishment of a complete back-end module assembly plant in India. The third and final phase of the contact is designed to expand production in India to include complete end-to-end module manufacturing.

SOURCE: Ascent Solar Technologies Inc.

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