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"Companies like Ascent Solar are helping Colorado become a national leader in the clean energy economy," Senator Bennet said. "They are providing new energy options that also create new, good-paying jobs right here at home and help move Colorado and our economy forward."
Bennet and Udall cited Ascent Solar's breakthrough photovoltaic technology achievements and its plans to create 200 new jobs for Colorado's New Energy Economy over the next several months. In March, the company opened its new facility and announced its planned 30 megawatt (MW) capacity manufacturing lines that will produce solar modules that can power homes, commercial buildings and consumer devices, among other applications.
"Ascent Solar is proud to be at the heart of Colorado's renewable energy industry growth," said Dr. Mohan Misra, Ascent Solar's chairman and CEO. "Our company is benefiting from renewable energy tax incentives from the Recovery Act to fuel job creation and economic growth in the state."
Ascent Solar expanded from its existing Littleton, Colo., facility, where its 1.5 MW capacity manufacturing line currently produces fully integrated lightweight thin-film CIGS modules using a flexible plastic substrate. The company is working with its partners to develop products that include building-integrated photovoltaics (BIPV) that can be part of rooftops, awnings and siding, for example, to provide solar power.
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 headquartered in Thornton, Colo. Additional information can be found at www.ascentsolar.com.
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.
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SOURCE: Ascent Solar Technologies, Inc.
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
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