15 Aug '11, 10am

An Asian White Knight Saves Ascent Solar: CIGS solar vendor, Ascent Solar has found a savior. A few month's

CIGS solar vendor, Ascent Solar has found a savior. A few month's ago, we had begun to prepare the obituary for flexible CIGS solar manufacturer Ascent Solar (NASDAQ:ASTI) -- one of the casualties of the solar shakeout . In April, the Thornton, Colorado-based Ascent had a market capitalization of $69 million. 2010 sales were a mere $811,000. The market capitalization of the company has since dropped to $23.78 million. At the end of the first quarter of 2011, the firm was in the midst of a major strategy shift -- moving from building integrated and building applied PV to niche markets like military and defense; off-grid charging solutions in developing countries; power for portable electronics; and products for rooftop integration on buses, trucks and trains. Ascent believed that it could sell its products in these markets at more attractive margins than possible for ground...

Full article: http://www.greentechmedia.com/articles/read/an-asian-whit...

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