* Distribution deal for Ascent Solar's CIGS modules
* Says deal gives it access to emerging markets in Europe
* Sees more in CIGS modules lineup to be marketed via deal
Oct 5 Ascent Solar Technologies Inc ASTI.O
said it signed a distribution deal with DisaSolar for its CIGS
solar modules, which convert sunlight into electricity, giving
it access to emerging markets in Europe.
Paris-based DisaSolar, a unit of the Megamark/DisaTech
Group, develops, distributes and installs customized
"This relationship will give us access to new and emerging
market opportunities in transportation that could provide
significant growth over the coming years in France as well as
other countries across the globe," Ascent Solar Chief Executive
Farhad Moghadam said in a statement.
"We also expect that other products in our lineup of
flexible, lightweight CIGS modules will be marketed through
Demand for solar products soared in the first half of the
year as customers brought forward orders ahead of cuts to
renewable energy subsidies in key European markets.
Tuesday's deal comes a month after Ascent Solar said
Radiant Holding will distribute its flexible
copper-indium-gallium -selenide (CIGS) modules in China.
Shares of the company, which have risen over 10 percent
since the deal with Radiant Holding, closed at $3.51 Monday on
(Reporting by Adveith Nair in Bangalore; Editing by Aradhana