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17 March 2008


Ascent Solar to raise $80m in public offering

Ascent Solar Technologies Inc of Littleton, CO, USA, which develops copper indium gallium diselenide (CIGS) thin-film photovoltaic modules, has filed a registration statement with the Securities and Exchange Commission for the proposed offering of shares of its common stock.

Proceeds are expected to be about $80m. Ascent intends to use net proceeds for the design, purchase, installation, qualification and testing of production tools for about 30MW of rated capacity of modules, as well as for general corporate purposes.

See related items:

Ascent Solar and Itochu to pursue strategic relationships

Ascent to establish new world HQ and production facility

Ascent and Hydro sign cooperation agreement

Ascent installs 1.5MW CIGS PV production line

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