Ascent Solar Technologies, Inc. (Ascent) is a development stage company formed to commercialize flexible photovoltaic (PV) modules using a technology. The Company�s manufacturing process deposits multiple layers of materials, including a thin film of copper-indium-gallium-diselenide (CIGS) semiconductor material, on a flexible, lightweight, plastic substrate and then laser patterns the layers to create interconnected PV cells, or PV modules, in a process known as monolithic integration. On August 12, 2011, the Company completed a strategic alliance with TFG Radiant Investment Group Ltd. and its affiliates. The Company manufactures its products by affixing a thin CIGS layer to a flexible, plastic substrate, and the Company uses monolithic integration techniques that enable it to form complete PV modules without engaging in back end assembly of inter-cell connections. It targets market, which include BIPV/BAPV, defense and portable power, transportation, and space and near-space.