Friday, June 14, 2024

Ascent Solar Collaborates with University of Stuttgart IGTE


THORNTON, Colo., May 16, 2024 (GLOBE NEWSWIRE) — Ascent Solar Technologies, (Nasdaq: ASTI) (“Ascent” or the “Company”), the main US innovator within the design and manufacture of featherweight, versatile , and strong CIGS thin-film photovoltaic (PV) options, right this moment introduced that it has begun creating prototype photo voltaic arrays in collaboration with the University of Stuttgart Institute for Building Energetics, Thermotechnology and Energy Storage (IGTE), a worldwide analysis middle targeted on vitality storage, renewable. vitality and indoor local weather know-how.

Although challenge particulars are usually not but publicly out there, Ascent is prone to ship its ultralight, extremely sturdy and versatile thin-film know-how this summer time to fulfill IGTE’s timeline for methods growth. amassing and storing electrical energy.

“Ascent continues to construct partnerships that put our proprietary CIGS thin-film tech within the fingers of top-tier organizations – such because the University of Stuttgart IGTE – as they work to gasoline the following wave in sustainable energy era know-how,” mentioned Paul Warley, CEO of Ascent Solar Technologies. “The institute has an unimaginable capability for system growth, testing and investigation, and we look ahead to seeing what they will think about, construct and use with Ascent’s know-how.”

The mission of IGTE is “analysis and educating for comfy dwelling and dealing situations in buildings and rooms appropriate with vitality effectivity, sustainability and know-how. Particular emphasis is positioned on renewable vitality… Since its institution in 2018 IGTE continues to develop and develop new options for vitality manufacturing and storage with the intention for extensive distribution and adoption.


Backed by 40 years of R&D, 15 years of producing expertise, quite a few awards, and a complete IP and patent portfolio, Ascent Solar Technologies, Inc. environments the place mass, efficiency, reliability, and sturdiness are necessary. Ascent’s photovoltaic (PV) modules are deployed in house missions, a number of spacecraft, agrivoltaic installations, in industrial/industrial building in addition to a variety of client merchandise, remodeling use instances and environments for solar energy. Ascent Solar’s analysis and growth middle and 4.5-MW nameplate manufacturing facility are positioned in Thornton, Colorado. To study extra, go to or observe the Company on LinkedIn and X (previously Twitter).


Statements on this press launch that aren’t statements of historic or present reality represent “forward-looking statements” together with statements concerning the financing transaction, our enterprise technique, and the potential use of proceeds from within the transaction. Such forward-looking statements contain identified and unknown dangers, uncertainties and different unknown components that would trigger the corporate’s precise working outcomes to vary materially. of any historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. We base these forward-looking statements on our present assumptions, expectations, and projections about future occasions. In addition to statements that clearly describe these dangers and uncertainties, readers are inspired to think about statements that include phrases equivalent to “will,” “consider,” “consider,” “count on, ” “expects,” “wishes,” “wishes,” “expects,” “waits,” “plans,” “plans,” which is unsure and forward-looking. No info on this press launch needs to be thought of any indication of our future earnings, inventory worth, or outcomes of operations. The forward-looking statements contained herein are additionally typically topic to different dangers and uncertainties described every so often within the firm’s filings with the Securities and Exchange Commission together with these mentioned below the heading “Risk Factors” in our most lately filed stories on Forms 10-Ok and 10-Q.


Spencer Herrmann
FishTank PR
[email protected]


[email protected]

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