North Coast Solar Stocks

September 25, 2009

Ascent Solar and Energy Technologies, Inc. Sign Cooperation Agreement

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

Friday September 25, 2009, 6:00 am EDT

THORNTON, Colo.–(BUSINESS WIRE)–Ascent Solar Technologies, Inc. (ASTI), a developer of flexible thin-film photovoltaic modules, today announced the signing of a definitive Cooperation Agreement with Energy Technologies, Inc. of Mansfield, Ohio. The agreement focuses on the development of new photovoltaic products intended for the U.S. military.

The parties have agreed to collaborate in the development of hybrid solar power generation systems for rapidly deployable tactical soft-walled shelters. Ascent Solar has supplied Energy Technologies with product from its existing commercial production line for a military shelter that has been used in demonstrations to potential military customers. Energy Technologies will also showcase Ascent’s 2-Meter modules on a soft-walled shelter at two upcoming expositions: Modern Day Marine on Monday, September 29, 2009 in Quantico, Virginia and the 2009 Association of the U.S. Army Annual Meeting & Exposition in Washington, D.C. on Thursday, October 1, 2009. Ascent Solar intends to supply Energy Technologies with modules for subsequent 2010 demonstration projects from its upcoming 30MW high volume production line.

Tim Lowe VP Sales, Energy Technologies stated, “Ascent Solar’s flexible, light weight PV modules work well with our hybrid military power systems and are now being integrated into ETI’s tactical soft-walled shelter which will be on demonstration in Quantico, Virginia and Washington DC.”

Ascent Solar President and CEO Farhad Moghadam added, “Our material is well suited for integration into various portable and tactical solar powered solutions for the military. Working with experienced specialty integrators like Energy Technologies has helped expand our development and penetration into this exclusive market. We look forward to the demonstration of these new concepts and products for this premium market opportunity at the upcoming expositions.”

About Energy Technologies:

Energy Technologies, Inc. has been providing field proven reliability with its cost effective products since 1992. These product solutions cover the production, conditioning, and control of AC and DC power in a wide range of environments. These rugged products meet the demands and rigors of military, government, industrial, medical and telecommunications sectors. Mobile applications include shipboard, submarine, vehicular, aircraft and field deployment. Stationary applications consist of factories, process plants, utilities, networks, even offshore platforms and desert installations. Energy Technologies is located in Mansfield, Ohio. Additional information for Energy Technologies can be found at http://www.powersource.net or http://www.tacticalsolar.com.

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