Ascent Solar To Partner With Giscosa For Building Integrated Photovoltaic Products

LITTLETON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of thin-film photovoltaic modules, announced today the entering into of a definitive cooperation agreement with Giscosa Sociedad Limitada of Spain (Giscosa), a distributor and manufacturer of rubber membranes for roofing, reservoirs, and canals. The agreement focuses on the development of building integrated photovoltaic (BIPV) roofing products intended to be distributed by Giscosa into the European marketplace.

The parties have agreed to collaborate in the development of BIPV roofing materials based on Giscosa’s existing RubberSun roofing products. Ascent Solar intends to supply Giscosa with product from its existing 1.5 MW production line for the development, testing and certification of the BIPV products. The parties also envision subsequent demonstration scale projects to validate performance and develop market demand for the BIPV roofing products.

Joseph McCabe, Ascent Solar’s Vice President of Business Development stated, “Ascent Solar is pleased to be working with BIPV innovators like Giscosa, particularly in European markets such as Spain, which we believe currently offer attractive incentives for PV solutions.”