Ascent Solar Technologies, Inc. Achieves New Benchmark of 15.5% in Cell Production Efficiency of its CIGS Solar Technology
12 Setembro 2023 - 9:00AM
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) (“ASTI” or the
“Company”), the leading U.S. innovator in the design and
manufacture of featherweight, flexible thin-film photovoltaic (PV)
solutions, announced today that it has achieved a cell production
efficiency increase, with a new benchmark of 15.5% in its CIGS
solar technology, a significant increase from the 10.8% standard
efficiency measured for production material in 2012. This increase
is the result of focused innovation and a giant step toward the
improved efficiencies that ASTI intends to deliver through
continued process optimization and development of alternate
chemistries.
ASTI expects to see an even greater increase in
cell efficiency through the use of zinc oxysulfide, implemented
through an Atomic Layer Deposition (ALD) process, which could
potentially increase overall cell production efficiency by an
additional 1% to 1.5%.
“We are thrilled with the rapid progress
optimization for our CIGS technology that has taken place over just
a few short weeks,” said Paul Warley, ASTI’s Chief Executive
Officer. “As we continue to optimize our technology and processes,
we expect to move even closer to reaching our efficiency goal of
18% in the near future, furthering our long-term mission of
increasing the rate of global thin-film PV adoption.”
About Ascent Solar Technologies,
Inc.
Backed by 40 years of R&D, 15 years of
manufacturing experience, numerous awards, and a comprehensive IP
and patent portfolio, Ascent Solar Technologies, Inc. is a leading
provider of innovative, high-performance, flexible thin-film solar
panels for use in environments where mass, performance, reliability
and resilience matter. Ascent’s photovoltaic (PV) modules have been
deployed on space missions, multiple airborne vehicles, agrivoltaic
installations, in industrial/commercial construction as well as an
extensive range of consumer goods, revolutionizing the use cases
and environments for solar power. Ascent Solar’s research and
development center and 5-MW nameplate production facility are
located in Thornton, Colorado. To learn more, visit
https://www.ascentsolar.com
Forward-Looking Statements
Statements in this press release that are not
statements of historical or current fact constitute
"forward-looking statements" including statements about the
financing transaction, our business strategy and the potential uses
of the proceeds from the transaction. 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. We have based these forward-looking
statements on our current assumptions, expectations and projections
about future events. In addition to statements that explicitly
describe these risks and uncertainties, readers are urged to
consider statements that contain terms such as “will,” "believes,"
"belief," "expects," "expect," "intends," "intend," "anticipate,"
"anticipates," "plans," "plan," to be uncertain and
forward-looking. No information in this press release should be
construed as any indication whatsoever of our future revenues,
stock price, or results of operations. 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 Securities and Exchange Commission
including those discussed under the heading “Risk Factors” in our
most recently filed reports on Forms 10-K and 10-Q.
Media Contact
Spencer HerrmannFischTank PRascent@fischtankpr.com
Investor Contact
ir@ascentsolar.com
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