Ascent Solar Signs Deal with Kirloskar Integrated Technologies

Ascent Solar Technologies, a developer of flexible thin-film solar modules has signed a Strategic Alliance Agreement with Kirloskar Integrated Technologies Limited, India (Kirloskar). Under the terms of the multi-phase agreement the two companies will commence integration, marketing and distribution of Ascent Solar’s flexible CIGS photovoltaic modules into products designed to address multiple market opportunities in India.

Target markets include defense, consumer portable power, off grid rural power solutions and hybrid solar and diesel generation back up power systems, Ascent Solar said. Phase two of the agreement provides for the establishment of a complete backend module assembly plant in India and the third and final phase of the contact is designed to expand production in India to include complete end to end module manufacturing.

This agreement results from the collaboration achieved thus far under a memorandum of understanding signed in September of 2009 between the two companies.

“Kirloskars’ vision is to provide decentralized sustainable solutions based on renewable resources,” said L.A. Joshi, CEO of Kirloskar. “We are pleased to have Ascent as our partner in the endeavor to harness the very large solar energy potential related to off-grid and on-grid applications, by taking advantage of the favorable policies of the Indian government. We truly believe that the leading-edge technology of Ascent and the synergy in our strategies will help us establish a leadership position in PV markets in India,”

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