1 August 2014

Ascent Solar’s Q2 revenue driven by EnerPlex sales of $1m

For second-quarter 2014 (on a preliminary basis), Ascent Solar Technologies Inc of Thornton, CO, USA, which makes lightweight, flexible copper indium gallium diselenide (CIGS) thin-film photovoltaic modules that it integrates into its EnerPlex series of consumer products, expects to report revenue of about $1.1m, up 45% on Q1/2014 and up about four-fold on a year ago.

Revenue from operations of the EnerPlex consumer products division grew 50% quarter-on-quarter to $1m. This represents the first million-dollar product revenue ever generated by the firm in a single quarter. Government R&D contracts and Specialty Market PV (photovoltaics) comprised the remainder of revenue.

Ascent had previously given investors revenue guidance for full-year 2014 of $5-6m. The firm continues to stand by this and expects to end the year at the higher end of the guidance.

“The acceleration of our EnerPlex growth trajectory demonstrates the success of our product and sales channel strategies,” says president & CEO Victor Lee. “Most notably, EnerPlex sales of $1m, which represents greater than 750% growth over our second quarter of 2013, is a significant milestone for the company,” he adds. “The strong momentum of EnerPlex will accelerate as we continue to roll out more innovative products in the second half of the year.”

Tags: Ascent Solar EnerPlex CIGS

Visit: www.AscentSolar.com

Visit: www.goenerplex.com