SOURCE: Ascent Solar Technologies

Ascent Solar Technologies

October 12, 2015 04:00 ET

Ascent Solar MilPak™ E Passes Military Standard Testing and Is Selected as a Finalist for the R&D 100 Awards

THORNTON, CO--(Marketwired - Oct 12, 2015) - Ascent Solar Technologies, Inc. (NASDAQ: ASTI), a provider of lightweight, flexible photovoltaic (PV) solutions, announced today that the Company's newest rugged fully-integrated photovoltaic power solution, the MilPak™ E, has met the grueling conditions required under MIL-STD-810G testing and has been selected as a finalist for the upcoming R&D 100 Awards in two product categories, including the exciting new "Market Disruptor" category.

In addition, the MilPak™ E has also been selected to present to the U.S. Military, Corporate, and Investment Leadership at the Defense Energy Innovation Summit and Showcase on December 1-3, 2015 in Austin, Texas.

The MilPak™ E is a fully integrated mobile power solution that includes a foldable photovoltaic blanket with an attached waterproof battery case that houses a maximum peak power tracker, 86.5 watt hours of power storage with battery management circuitry, a 55 watt 24 volt power circuit, and two high-current USB circuits.

In keeping with the ruggedized requirements, all switchgear, protection circuit, and the 24V and USB connectors are all rated IP-67 or better, and the case is constructed from a military-grade plastic. Most important, the entire unit weighs in at less than 8.5 pounds (3.8 kg) which makes it extremely portable by military or other users.

This product is the first to introduce the MilPak™ platform to the military, first responders, disaster relief workers and other users who want to reduce the number of components they required to take in the field and take advantage of solar power.

"We are pleased that the MilPak™ E has passed the criteria for MIL-STD-810G testing which includes, but not limited to, dropping onto concrete, blowing rain, temperate extremes and random vibration," stated Dr. Joseph Armstrong, Chief Technology Officer and a co-inventor. "As a platform, the MilPak™ will provide the power necessary for many applications; both those currently in the user's possession, or even permanently integrated into the unit itself, including applications which will be able to run outdoors continuously."

"We are extremely excited that the MilPak™ E has been selected by R&D 100 Magazine as a finalist for the prestigious award in the "Market Disruptor" category," said Victor Lee, President and CEO of Ascent Solar. "Additionally, we are also equally excited with the opportunity to showcase the MilPak™ E at the Defense Energy Innovation Summit and Showcase. This represents a significant milestone for Ascent in our pivot away from the commoditized traditional rooftop market to focus on the military and other high-value markets."

The MilPak™ E is in the application process to be listed on the General Services Administration (GSA), a prerequisite channel through which to offer the product to the various units of the US armed forces. The Company will also progressively integrate this "Market Disruptor" technology into the Company's EnerPlex brand, making the product available to consumers worldwide.

ABOUT ASCENT SOLAR TECHNOLOGIES, INC.

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that can transform the way solar power generation integrates into everyday life, on this planet and others as well. Ascent Solar modules were named as one of the top 100 technologies in 2010 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. More information can be found at www.ascentsolar.com.

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.

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