Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of thin-film photovoltaic (PV) modules, announced another cooperative agreement to develop solar roofing products for the European market--this time with Icopal SAS of France.
Ascent announced a similar agreement for the development and distribution of new building integrated photovoltaic (BIPV) roofing products with Giscosa Sociedad Limitada of Spain (Giscosa) last week, indicating a strong strong push by the Colorado based company into this young niche market.
Initially, Ascent Solar intends to supply Icopal with product from its existing 1.5 MW production line for the development, testing and certification of the BIPV products. The parties also envision demonstration scale projects to validate performance and develop market demand for the BIPV roofing products.
"As an innovative company in flexible PV modules, Ascent Solar is a natural partner for Icopal for integration of Ascent's products into Icopal's flexible roofing membranes," said Bruno Fabvier of Icopal SAS.
"As a leader in roofing systems, Icopal is well positioned to harness the capabilities of our PV modules," said Joseph McCabe, Vice President of Business Development at Ascent Solar. "We believe that by working with European-based building material companies there is an opportunity to develop higher value BIPV markets in Europe."
About Ascent Solar Technologies, Inc.:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules and is located in Littleton, Colorado.
