Ascent Solar to Lead Solar America Team
25 7월 2006 - 7:00PM
Business Wire
Ascent Solar Technologies, Inc. (NASDAQ CAPITAL:ASTIU), (BOSTON
STOCK EXCHANGE:AKC/U) has submitted a Letter of Intent (LOI) with
the U.S. Department of Energy (DOE) as the lead team member
representing an industry and academia partnership formed to
accelerate commercialization of photovoltaic (PV) systems in
response to the DOE's Solar America Initiative (SAI). The Ascent
Solar submittal of the LOI represents an indication to the DOE that
Ascent Solar intends to submit an application for a Solar America
Initiative Grant by October 2, 2006. The initial program award
announcements for Phase 1 Grants are anticipated by year end 2006.
Depending on the responses from industry and availability of
appropriated funds, the DOE expects to make between 10 and 15
awards to industry teams at a maximum threshold level of $8 million
for each team. Additional information is available through the DOE
website http://www.eere.energy.gov/solar/solar_america/about.html.
The SAI is an integral part of President Bush's Advanced Energy
Initiative which is designed to reduce the nation's dependence on
foreign sources of energy. The stated DOE goal is to substantially
accelerate development of U.S. produced PV systems so that
PV-produced electricity reaches parity with conventional sources of
electricity in all domestic grid-tied market sectors by 2015. To
that end, the DOE business strategy is to expand the U.S. installed
capacity of domestic PV systems to 5-10 gigawatts by forming
partnerships with U.S. industry teams in order to accelerate
commercialization of PV system research and development (R&D).
The Ascent Solar team plans to focus on accelerating the
manufacturing scale-up of its thin film PV technology and the
associated roll-to-roll manufacturing processes to demonstrate
significant reductions in PV module direct manufacturing costs to
levels under $1/Watt. In addition to the accelerated R&D
aspects of the SAI program, Ascent Solar intends to also address
the DOE installed capacity goals by accelerating plans for expanded
manufacturing capacity in excess of 100 megawatts commencing in
2010 with completion planned for 2015. Ascent Solar President and
CEO, Matthew Foster, stated, "The cost targets for the SAI program
represent a factor of two reduction from present day PV systems
which are dominated by crystalline silicon technology, and we
believe Ascent Solar is positioned in the right place at the right
time to lead the next generation, non-silicon, thin film technology
into the future to achieve these ambitious goals." About Ascent
Solar Technologies: Ascent Solar Technologies, Inc. is a developer
of state of the art, thin-film photovoltaic materials and modules
and is located in Littleton, Colorado. Please visit our website for
additional information at www.ascentsolar.com. 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 expresses 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
Securities and Exchange Commission.
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