Ascent Solar Inks Deal with Energy Tech
THORNTON, Colo. (
) --
Ascent Solar Technologies
(ASTI)
is going to war... sort of.
According to a release on Friday, the thin-film solar module developer is teaming with Mansfield, Ohio-based
Energy Technologies
to create photovoltaic products for the military.
As part of a signed definitive cooperation agreement, the two outfits will work to create hybrid solar-power systems to be used for the military's so-called soft-walled shelters. As is the case in many solar announcements, financial details were kept under wraps.
Still, shares were rising 55 cents, or 7.5%, to $7.92 in the morning and following the release.
It's been a busy announcing week for Ascent Solar, as the company earlier announced separate supply agreements -- one supply pact with Linden, N.J.-based
TurtleEnergy
for 67 megawatts worth of solar panels, and another 30,700 unit deal with portable charger-maker
Goal Zero
.
Elsewhere,
First Solar
(FSLR) - Get Report
and
Trina Solar
(TSL)
were moving lower by 0.2% and 2.2% in late morning trading.
On the other hand,
Suntech Power
(STP)
and
Yingli Green Energy
(YGE)
were bidding higher after adding 0.8% and 3%, respectively.
-- Written by Sung Moss in New York
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