Ascent Solar and PermaCity Solar to develop new photovoltaic systems for the terrestrial market

October 18, 2006—Ascent Solar Technologies, Inc. and PermaCity Solar announced that they have begun co-development of a new suite of photovoltaic (PV) products and systems for the growing terrestrial market that includes large commercial buildings, master planned communities, vertical high rise structures, and residential homes.

Combining the existing customer base and system engineering and integration expertise of PermaCity Solar with the flexible, thin-film module manufacturing expertise of Ascent Solar, the venture aims to deliver PV systems that offer significant performance and cost advantages over existing silicon-based solutions, the companies say.

Analysis of a recent 600 kW silicon-based system installed by PermaCity Solar on a large commercial building suggests that the Ascent Solar module manufacturing technique may be able to provide as much as 35% more roof top coverage because silicon-based modules of today are routinely inhibited by ill-positioned roof obstructions like vent pipes, sky lights and HVAC equipment.

PermaCity Solar and Ascent Solar plan to develop an integrated manufacturing technique that will link the PV system computer aided design (CAD) directly to the laser patterning control system in the factory to customize the size and shape of the modules for each unique installation.

PermaCity Corp. is a leading system developer and integrator of state-of-the-art photovoltaic systems specializing in high-quality, long-life performance and is located in Los Angeles, California.

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

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