ICP & Ascent Sign Development Agreement

Ascent Solar Technologies, Inc. has entered into a definitive cooperation agreement with ICP Solar Technologies Inc. to provide thin-film PV material for testing in mobile solar products.

The supply deal, which will cover 2008 and 2009, will see thin-film supplied from Ascent Solar’s existing 1.5 MW production line. During this time ICP Solar will develop, test, and integrate Ascent Solar’s PV materials into its portable power and other electronics integrated PV products.

“Placing the PV material and modules on flexible, lightweight, plastic substrate materials allows for manufacturing of similarly lightweight and flexible solar panels, which will expand our new product development opportunities. We look forward to a mutually beneficial partnership,” said Sass Peress, ICP Solar’s CEO.

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