Ascent Solar and Icopal SAS Sign Cooperation Agreement
Littletown, CO, April 15, 2008
Source: BusinessWire /FoxBusiness.com
http://www.foxbusiness.com/markets/industries/energy/article/ascent-solar-icopal-sas-sign-cooperation-agreement_563438_11.html
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of thin-film photovoltaic (PV) modules, announced today the entering into of a definitive cooperation agreement with Icopal SAS of France. The agreement focuses on the development of new building integrated photovoltaic (BIPV) roofing products intended to be distributed by Icopal into the European marketplace. 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. Please visit our website for additional information at www.ascentsolar.com.
About Icopal SAS:
Icopal SAS is a member of the Icopal Group of Herlev, Denmark. Founded in 1876, Icopal is a leader in waterproofing solutions and building protections, which include supplying bitumen membranes for roofing, waterproofing and civil engineering. Icopal has a turnover of more than 1.1 Bill EUR and employs approximately 4200 people. Icopal operates worldwide and has 35 manufacturing sites and 91 offices in Europe, North America and Asia. Icopal is owned by Investcorp. For further information please visit www.icopal.com.