Ascent Solar Technologies, Inc. Increases Cell Production Efficiency in Production Trials from 10.8% to 15.2% for its CIGS Solar Technology
05 Setembro 2023 - 9:35AM
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) (“ASTI” or the
“Company”), the leading U.S. innovator in the design and
manufacturing of featherweight, flexible thin-film photovoltaic
(PV) solutions, announced today that it has achieved cell
production efficiency of 15.2% in its CIGS solar technology, a
significant increase from the 10.8% standard efficiency measured
for production material in 2012. This increase is attributed to the
targeted optimization of the existing Cadmium Sulfide (Cds)
deposition and manufacturing processes behind the Company’s CIGS
technology.
Parallel development efforts have been successful in the
replacement of the Cds deposition in the production process. Cds is
a known harsh material, which ASTI has strategically sought to
shift away from, to limit hazardous production components and
eliminate the need for specialty waste mitigation processes.
The preliminary efficiency measurements of this next generation
material (which utilizes Zinc Oxysulfide in lieu of Cds) indicate
that yields are 5% to 8% higher than that of Cds, which would
translate to a theoretical efficiency of 16% to 16.4%. With
continued promising results such as these production trials, the
Ascent team is redefining what is possible for thin-film CIGS
technology efficiencies through consistent ongoing process
optimization, guided by decades of manufacturing experience.
“We’re thrilled with the recent achievements in process
optimization for our CIGS technology, an innovation in thin film PV
that we believe positions us for increased commercial adoption,”
said Paul Warley, Chief Executive Officer of Ascent Solar
Technologies. “With continued increases in efficiency, we
anticipate expanding sales into both new and existing markets, and
meeting the ever-increasing demand for solar power in targeted
specialty applications.”
These efficiency improvements reflect the confidence in Ascent’s
product portfolio, as well as the brand’s strategic direction,
growth opportunities, and leadership to execute upon its vision.
The Company remains committed to the advancement and proliferation
of solar technology-based solutions using thin-film technology to
create sustainable solutions and drive a positive environmental
impact.
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 is 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
James MastersVallum Advisorsir@ascentsolar.com
Ascent Solar Technologies (NASDAQ:ASTI)
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