$ASTI Dr. Amit Kumar, Chairman of the Board of Directors of Ascent Solar, said, "We are pleased that TFG is willing to convert its debt into restricted common equity at a fixed price, demonstrating an unwavering support for Ascent Solar. While it is a challenging time for companies in the solar industry as a whole, we are confident in the various differentiators that have allowed Ascent to survive, continue to excel, and ultimately exceed hopes and expectations. TFG's multi-year support is welcomed and appreciated."

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