Home Stock Market ASTI – Malleable, Lightweight “CIGS” Photovoltaic Tech Future Proofs ASTI -- "The Forerunner of Next-Gen Solar Power Applications."
ASTI – Malleable, Lightweight “CIGS” Photovoltaic Tech Future Proofs ASTI -- "The Forerunner of Next-Gen Solar Power Applications."
January 3rd, 11:08:00 AM
As development of semiconductors progressed to meet consumer needs in the 1980’s and 1990’s, our devices became smaller, more powerful, and more adaptable. We were surprised to discover that the same technological progress is taking place right now in solar energy, driven by the need for an adaptable form of “PV” (photovoltaic) technology. When it comes to adaptability in photovoltaic technology, one company stands out from the rest. Can you take a guess at what company is at the forefront of applicable photovoltaic technology? No, it’s not First Solar, Inc (NASDAQ:FSLR), It’s not SunPower Corp (NASDAQ:SPWR),
Its one of Delotte’s 2016 “Fast 500” technologies companies, Assent Solar Technologies, Inc. – two time winner of R&D Magazine’s R&D 100 Award. Ascent Solar Technologies, Inc (OTCMKTS:ASTI) is positioned as a leading manufacturer based on one simple factor; the adaptability of their “CIGS” solar modules. We believe it is this adaptability that led The Japan Aerospace Exploration Agency (JAXA) to test ASTI’s modules for an upcoming deep space mission.
Products
The EnerPlex™ brand of solar power and charging devices uses ASTI’s award-winning, patented CIGS flexible solar technology. Their products include the Kicker IV Portable-Foldable-Flexible Solar Charger, Portable Power Packs such as the Gneratr 100, The Packr solar backpack, and the SurfR phone case solar charger.
Distribution
We were surprised to learn that ASTI has already established the Company in the consumer, military and aviation markets. On the consumer side, ASTIhas the EnerPlex™ brand of products through retailers such as Walmart, Brookstone, Newegg, Amazon, Fry’s, BestBuy, and Verizon Wireless retailers. In early 2015, the Company reached an agreement with EVINE live, a premier home shopping network with programming that reaches over 87 million US households. In the second quarter of 2015, ASTI launched its products into 100 The Sports Authority stores nationwide, in addition to launching in select Cabela’s stores. For the military and government markets, ASTI established the EnerPlex™ brand with GovX, the premier online shopping destination for Military, Law Enforcement and Government agencies.
Awards
In early 2015, ASTI announced that six of their EnerPlex products were Red Dot Design Award winners. In the third quarter of 2015, the Generatr 100 won a Best of Show Award at the CTIA Super Mobility show in Las Vegas.
The Technology
Two decades of research and development lead to the development of ASTI’s patented photovoltaic technology. The Company’s proprietary manufacturing process deposits multiple layers of materials, including a thin film of highly efficient Copper-Indium-Gallium-diSelenide (“CIGS”) semiconductor material. This material is then integrated on a flexible, lightweight plastic substrate using a roll-to-roll manufacturing process. The layers are then laser patterned to create interconnected modules, in a process known as monolithic integration. ASTI’s monolithic integration technique enables the company to manufacture their photovoltaic modules at less cost compared to conventional photovoltaic manufacturers that assemble by soldering cells together.
ASTI believes that the use of their patented CIGS technology will allow for unique and seamless integration across a variety of electronic products in categories such as, defense, transportation, space applications, drones, and many more. This is especially true for markets that place a high premium on weight, such as consumer electronics, rooftop, defense, space, near space, and aeronautic markets. ASTI believes their materials provide an attractive increases in power-to-weight ratio, and we believe that our materials have higher power-to-area ratios and voltage-to-area ratios than competing flexible PV thin film technologies.
ASTI’s patented technology is transformational in nature, and will provide an advantage in serving newly emerging specialty markets such as UAV’s (unmanned aerial vehicles) as well as BAPV (building applied photovoltaic) and other applications where it is not possible to add solar panels to existing structures using traditional crystalline solar technology.
The future is looking bright for ASTI’s CIGS technology because of its ability to adapt to an endless number of applications. ASTI’s solar charging technology can adapt to the various shapes and sizes of products, while rigid solar panels cannot. It is with this adaptability that ASTI has positioned the Company to be a leader in the way we power our next generation devices.
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