Samsonite To Integrate Ascent Solar (ASTI) Thin Film Panels Into Luggage

Coming this summer will be travel bags from Samsonite providing a portable power solution via Ascent Solar (ASTI) thin film CIGS solar panels.  The two companies have been working together for some time and this morning announced the first fruit of their collaboration.  The power providing luggage will allow travelers to keep those electronic gadgets charged while on the move.  Better leave those bags in the sunlight though.  It will be interesting to read the reviews of this product this summer.  I don’t know.. just seems like a marketing gimmick product that won’t work as well as advertised. 

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ASTI CEO Farhad Moghadam commented: “Our selection by Samsonite gives Ascent Solar a clear path to market with solar integrated consumer products and establishes Ascent as a solar technology solution provider that can meet the needs of consumers demanding a rugged and light-weight portable way to power their electronics. We understand the evolution of the solar industry and how it can better relate to the consumer. With this in mind our goal is to enable and lead a new wave of portable solar charging solutions through Samsonite that will revolutionize the way we power our electronics anywhere and everywhere under the sun.”

Shares of ASTI are surging 10% today with heavy volume and breaking back above resistance of the 50 day moving average.  There will be strong support again at $4 following today’s move. 

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