Ascent Solar
Technologies has marked a major milestone in its move to volume
production of advanced, thin-film photovoltaic modules with the on-time
delivery and installation of all equipment required to complete the
integration of its initial 1.5 MW production facility.
“We are very pleased to have these complex tools
delivered and installed right on schedule,” commented Matthew Foster,
President and CEO. “This significant event completes Ascent Solar’s
first major milestone and our entire team is excited to now enter the
next stage of our commercial development… The company was able to start
the development of its high-volume 100MW plant ahead of schedule. We
plan to place orders for machine procurement to build our first 25MW
line some time in the second quarter of 2008 and we currently envision
the 25MW facility completion by year-end 2009.”
Ascent
Solar is now entering the phase of testing, integration and
qualification of the new 1.5 MW manufacturing line, which is set to
begin in January 2008.