Bloomberg News

Ascent Solar to Supply Panels to IPhone Maker Foxconn

August 06, 2012

Foxconn Technology Group, the maker of Apple Inc. (AAPL:US)’s iPhone and iPads in China, is planning a rooftop solar project using panels from Thornton, Colorado-based Ascent Solar Technologies Inc. (ASTI:US)

Ascent’s flexible copper-indium-gallium-selenide modules may be installed at Foxconn’s new factory in Zhengzhou, China, within 45 days, Victor Lee, the solar company’s chief executive officer, said today by e-mail.

The 2-kilowatt to 3-kilowatt pilot system may be followed by additional sales, Ascent said today in a statement that didn’t give a price.

“Ascent Solar is hopeful that a successful pilot application will lead to larger orders from Foxconn in the future,” according to the statement.

Ascent surged 6.1 percent to $1.22 at the close in New York. The company has more than doubled since it announced June 6 a solar-powered charger case for Apple’s iPhone.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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Companies Mentioned

  • AAPL
    (Apple Inc)
    • $98.15 USD
    • -0.23
    • -0.23%
  • ASTI
    (Ascent Solar Technologies Inc)
    • $0.36 USD
    • 0.01
    • 1.39%
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