Ascent Solar Selected to Provide BIPV Modules for New Foxconn Plant

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Source: Ascent Solar Technologies, Inc.

Pilot Installation of BIPV

THORNTON, Colo.--(BUSINESS WIRE)-- Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today that it has been selected to provide BIPV solar modules in a pilot application at Foxconn’s new factory in Zhenzhou City, Henan Province, China. Foxconn is the world’s largest maker of electronic devices and produces many products including the iPad®, iPhone®, Kindle®, Playstation® and Xbox®.

(Photo: Business Wire)

(Photo: Business Wire)

Ascent’s modules’ flexible and lightweight form factor allows the modules to be integrated seamlessly into the building structure in ways traditional glass-back photo-voltaic technology cannot. The integration of the modules will allow the factory to utilize cost-effective, high-performance solar power utilizing Ascent’s industry leading CIGS technology to deliver the highest power density available on thin-film plastic substrates.

Ascent Solar’s President and CEO, Victor Lee, said, “We are honored to be selected by Foxconn to provide our lightweight, durable, flexible thin-film solar modules in this new factory. We plan to demonstrate the value of our technology and we hope to build a long term relationship with Foxconn.”

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. 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 SEC.

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