Ascent Solar (ASTI) Gets Distribution Agreement With DisaSolar Of France

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10:55:27 am on October 5, 2010

Ascent Solar (ASTI) has announced a distribution agreement with DisaSolar of France which will use ASTI’s flexible, thin film solar product in passenger train roofs and commercial signage.  No word on the length or financials of the deal.

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DisaSolar President Stephane Poughon stated, "Ascent Solar has a flexible, light-weight, CIGS solar module technology that is uniquely qualified to open new opportunities in everyday power generation. We are pleased to distribute and promote high-quality Ascent Solar products in France. Leveraging the expertise of Megamark/DisaTech Group combined with the quality and performance of Ascent Solar products, DisaSolar aims to quickly become a leading French provider of innovative integrated solar products."

Shares of ASTI have been on a roll in recent weeks, nearly doubling in the past six weeks.  It’s a bit overdone now, but may be an interesting play on pull backs.  It cleared the 50 day moving average and more recently the 200 day moving average, signaling a new longer term uptrend may be underway.

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