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LITTLETON, Colo. (AP) - Ascent Solar Technologies Inc. said Thursday it will develop solar panels with Giscosa Sociedad Ltd., which will distribute them in Europe, in an effort to tap into the world's largest solar market.
| ASTI | 14.72 |  -1.17 |
Giscosa, a Spanish roofing company, will incorporate Ascent's thin-film solar panels into its rubber roofing products. Thin-film panels are lightweight, flexible and can be fused with other building materials.
Once the companies develop the products, they plan to test them and assess market demand. Ascent did not disclose financial terms of the agreement.
Europe has some of the top solar markets, including Germany and Spain, where demand has surged due to government incentives to install solar panels.
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