Last $0.36 USD
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As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

12300 Grant Street

Thornton, CO 80241

United States

Phone: 720-872-5000

Fax: 720-872-5077

Ascent Solar Technologies, Inc., a development stage company, focuses on commercializing flexible photovoltaic (PV) modules using proprietary technology. The company’s proprietary manufacturing process deposits multiple layers of materials, including a thin film of highly efficient copper-indium-gallium-diselenide (CIGS) semiconductor material, on a high tech plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells, or PV modules, in a process known as monolithic integration. The company offers a new line of consumer products under the EnerPlex brand, and introduced its first product, the Surfr, a battery and solar case for the Apple iPhone 4/4S smart phone, featuring its ultra-light CIGS thin film technology integrated directly into the case. The case incorporates the company’s ultra-light and thin PV module into a sleek, protective iPhone 4/4S case, along with a thin, life extending, battery. It announced the launch of the second version of the Surfr for the Samsung Galaxy S III, which provides 85% additional battery life. The company offers the EnerPlex Kickr and EnerPlex Jumpr product series. The Kickr IV is a solar charging device, approximately 7 inches by 7 inches when folded, and weighs less than half a pound. The Kickr IV provides 6.5 watts of regulated power that could help charge phones, digital cameras, and other small USB enabled devices. The Kickr IV is used for outdoor activities, such as camping, hiking, and mountain climbing, as well as daily city use. To complement the Kickr IV, the company also released the Jumpr series of portable power banks. The Jumpr series provides a power storage solution for those who need to take the power of the sun with them while on the go. During 2013, the EnerPlex brand expanded with the addition of two new product series, as well as approximately 15 new products. In 2013, the company introduced further additions to the Jumpr line of portable power banks; releasing the Jumpr Mini and Jumpr Stack in August and the Jumpr Max in September. The latest additions to the Kickr line of portable solar chargers, the Kickr I and Kickr II, were introduced in August at the Outdoor Retailer show. Furthermore, in October 2013, the company released its first series of solar integrated backpacks, the Packr, for consumer use. The Packr is a fashion forward and functional pack perfect for charging mobile electronic devices while on the go. Also in October of 2013, it introduced the Surfr battery and solar case for the Samsung Galaxy S 4, and in December, it introduced the Surfr battery and solar case for Apple’s iPhone 5. In addition to releasing products in its primary product lines, the company added an assortment of useful accessories, all of which could be integrated into the EnerPlex ecosystem of products, such as the LED wand, which could be plugged into a Jumpr power bank to provide hours of light, or the Travel Adaptor, which enables consumers to charge up their Jumpr power banks from a traditional outlet anywhere in the world. Customers and Markets The company’s target consumers include frequent travelers, students, business professionals, and those spending extended time outdoors away from the power grid (hunters, campers, park rangers, miners, construction workers, etc.). Its EnerPlex sales strategy includes sales directly to large retailers, as well as through distributors who serve retailers. In the specialty markets segment, the company’s modules could provide lightweight, high performance, durable power solutions for commercial transportation, automotive, aerospace, military and durable off grid solutions. The company’s target markets include consumer electronics, portable power, defense, transportation, space and near space and building integrated PV/building applied PV. Its products are also available on various third party e-commerce sites, including www.amazon.com, www.walmart.com, www.newegg.com, www.frys.com, www.sears.com, and various others. Research and Development During 2013, the company incurred approximately $21.3 million in research and development costs, which include research and development incurred in relation to its government contracts, as well as manufacturing costs incurred while developing its product lines and manufacturing process. Intellectual Property The company has 19 unpublished pending patent applications in related areas, 14 of which were filed in 2013. History Ascent Solar Technologies, Inc. was founded in 2005. The company was incorporated under the laws of Delaware in 2005.

 

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TEV/Sales 15.4x
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