North Coast Solar Stocks

June 22, 2009

US Senators Michael Bennet and Mark Udall Visit Ascent Solar to Discuss Colorado Job Creation in the New Energy Economy

Filed under: ASTI — Tags: , , , , — Jason @ 6:00 am

Press Conference Highlights Ascent Solar’s Plans to Create 200 New Jobs in State at New Manufacturing Facility

Monday June 22, 2009, 6:00 am EDT

THORNTON, Colo.–(BUSINESS WIRE)–Ascent Solar Technologies, Inc. (ASTI), a developer of state of the art flexible thin-film solar modules, hosted a press conference and facility tour Saturday for the Honorable Michael Bennet and the Honorable Mark Udall, U.S. Senators for Colorado, at the company’s world headquarters in Thornton, Colo. Joined by Ascent Solar employees, the Senators highlighted the potential for job creation in the New Energy Economy as evidenced by the company’s growth to date.

“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.

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