The areas of interest include procurement of select machinery for Ascent Solar’s planned 100MW manufacturing facility, sourcing of raw materials used for the manufacture of solar modules, distribution of Ascent Solar future products in Japan and other parts of the world where Itochu is currently pursuing a number of solar installations.
The two firms also seek to manage future original equipment manufacturer relationships in Japan including the development of potential strategic partners engaged in the development of building integrated photovoltaic and electronic integrated photovoltaic products using Ascent Solar’s future flexible CIGS solar modules.
Matthew Foster, Ascent Solar’s president and CEO, said: This is an important development for Ascent Solar. The strategic relationships we envision with Itochu are designed to provide Ascent Solar a greater marketing presence and potential access to new opportunities in the Asian markets. We believe that we should also benefit from new relationships from across the worldwide Itochu business network.
