Ascent Solar Awarded Latest US Patent, Securing Efficiency Gains in Space and Near Space Environments

Ascent Solar Technologies, Inc. a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced today the Company was awarded a US Patent pertaining to the company's solar manufacturing process.

"The patent illustrates the latest of improvements in our device construction, joining the patent family already issued for processes, designs, and products. This patent addresses next-generation back contacts which have the promise for reduced cost and improved overall performance. Recent results confirm that devices with this new construction can exceed 13% efficiency in the challenging space environment where the absence of earth's atmosphere results in higher generated electrical current," stated Dr. Joseph Armstrong, founder and CTO of Ascent Solar Technologies.

This patent announcement follows in the footsteps of the company receiving their second R&D 100 award and an overwhelmingly positive response during the Defense Energy Innovation Summit and Showcase regarding the company's latest MilPak™ fully integrated portable power product.

Dr. Armstrong continued, "This recent patent covers technology that has been in development at Ascent in an effort to reduce material and processing cost, as well as enable product entry into challenging markets such as high-altitude aircraft and space applications, which offer a wide opportunity set due to the lightweight nature of Ascent proprietary technology."

Source: Ascent Solar Technologies, Inc.
Date: Dec 15, 2015