The first shipment, representing approximately 21% of the total contract size, was delayed from the original scheduled shipment date at the request of the customer due to delays in their project schedule. The shipment is now completed, successfully tested and accepted by customer. Ascent Solar is waiting for customer’s revised shipment schedule for the remainder of the contract, which is expected to occur in first quarter of 2018.
“We have noted previously that Ascent’s thin-film CIGS PV technology produces modules with the highest power-to-weight ratio, and this characteristic is incredibly important especially for aerospace, near-space, and space applications Dr. Joseph Armstrong, founder and CTO of Ascent Solar, said. “We were able to provide the customer with a unique modular product that is designed to reduce part count significantly over our competition, while providing the ability and flexibility to integrate the modules into different form factors for different applications as their product evolves.”
“This contract is by far the single largest PV sales contract in the corporate history of Ascent Solar, and the first ever large shipment of such customized high-voltage superlight thin-film for high altitude application,” said Victor Lee, CEO and president of Ascent Solar Technologies, Inc.