US Air Force Awards Ascent Solar (ASTI) High Efficiency Solar Cell Program

June 30, 2008 3:52 PM EDT

Ascent Solar Technologies (NASDAQ: ASTI) announced that the US Air Force Research Laboratory (AFRL) has selected Ascent Solar for a Broad Agency Announcement award to develop high-performance thin-film multijunction photovoltaics (PV) based on Ascent Solar's flexible monolithically integrated CIGS technology. The new contract represents approximately $1.5 million in value over a 48-month period.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules and is located in Littleton, Colorado.
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