Ascent Solar Announces Product Launch with CTC GmbH

THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today the initial sale of SOLab Basic and SOLab Premium products, as branded by Ascent’s joint development partner, CTC CarTech Company.

SOLab is an autonomous solar charger meant for automotive battery cycling & trickle charging. The innovation of integrating Ascent’s industry leading thin-film CIGS solar modules into SOLab Basic and Solab Premium products is the first of its kind application for automotive battery charging solutions.

Sebastian Hotz, CarTech’s Head of Sales Product Division, stated, “With Ascent we found the best partner for delivering innovative products into the field of autonomous solar chargers for automotive professionals.” Mr. Hotz continued, “The production of thin film solar is highly innovative for our product and ideal to manufacture. Not only the functionality but also the product design from Ascent makes the product very unique.”

To view more product information of this pioneering application of Ascent’s solar technology please visit http://tinyurl.com/cartech-company.

Victor Lee, Ascent Solar’s President & CEO, stated, “We are extremely pleased with these innovative products and are proud to be able to work closely with CarTech to bring them to market. These products are a good illustration of the multitude of applications that Ascent’s unique technology can be utilized in.”

About Ascent Solar Technologies, Inc.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. More information can be found at www.ascentsolar.com.

About CTC Car Tech Company

CTC Cartech Company is positioned as a development service provider for automotive electronics and manufacturer of accordingly complex systems as well. We help our clients to accomplish product development along the entire value chain. In doing so, we focus on mobility including efficient energy consumption and green mobility.