Ascent Solar’s Flexible Photovoltaic Modules Selected for The Volvo Pure Tension Pavilion Project

THORNTON, Colo.--()--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a manufacturer of award winning flexible CIGS thin-film photovoltaic modules as well as consumer and off-grid products integrated with the flexible modules, announced the company's proud involvement in the Volvo Pure Tension Pavilion project, where Ascent’s revolutionary, flexible and lightweight CIGS solar modules were selected for integration into the Pavilion’s tensioned mesh membrane structure.

The striking pavilion is a portable, solar-powered tensile membrane structure made for the launch of the new Volvo V60 plug-in hybrid electric car which not only charges the car but also flat-packs to fit in the trunk of the car and assembles easily in less than one hour. The project aspires to reinvent the typical pavilion through the combination of dynamic form, optical effects and flexibility. The structure of the pavilion is highlighted by its unusual form and mesh skin embedded with a total of 252 7” x 7” lightweight flexible photovoltaic panels throughout. The pavilion is now embarked on a 9 month multi-city promotional tour starting in Milan and the tour will end at The Plan Magazine’s annual Perspective event in Venice next summer.

Ascent’s solar modules are able to be uniquely integrated into the pavilion’s tensioned mesh skin due to their extremely lightweight and flexible construction, allowing them to be deployed in ways never before possible when using traditional crystalline solar, which is both rigid and heavy, or any other non-flexible thin-film solar modules.

John Maslanik, Ascent's Manager of Business Development, said, "Ascent constantly aims to provide innovative solar integrated solutions which bring the incredible power generating capabilities of our technology closer to consumers who can use them in their everyday lives. The Volvo Pavilion project shares the goal of bringing solar into the realm of everyday use, making the project a perfect partnership."

About Ascent Solar Technologies:

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that are more flexible, versatile and rugged than traditional solar panels. Ascent Solar modules can be directly integrated into consumer products and off-grid applications, as well as aerospace and building integrated applications. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.

Forward-Looking Statements:

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." 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. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. 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.

Contacts

Investor Relations Contact:
CleanTech IR
Brion D. Tanous, 310-541-6824
Mobile: 424-634-8592
btanous@cleantech-ir.com
or
Ascent Solar Technologies
Justin R. Jacobs, 1-720-872-5194
jjacobs@ascentsolar.com

The Volvo Pure Tension Pavilion integrated with Ascent's solar modules (Photo: Business Wire)

The Volvo Pure Tension Pavilion integrated with Ascent's solar modules (Photo: Business Wire)

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Contacts

Investor Relations Contact:
CleanTech IR
Brion D. Tanous, 310-541-6824
Mobile: 424-634-8592
btanous@cleantech-ir.com
or
Ascent Solar Technologies
Justin R. Jacobs, 1-720-872-5194
jjacobs@ascentsolar.com