ASTI News 01/07/2017 - 0.0021
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Ascent Solar Technologies, Inc. $ASTI News
Last updated 01/07/2017 - 0.0021
Ascent's Lightweight Thin-Film Solar Selected for Further Evaluation by the Japan Aerospace Exploration Agency (JAXA) for Deep Space Missions
Dec 07, 2016
OTC Disclosure & News Service
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Ascent's Lightweight Thin-Film Solar Selected for Further Evaluation by the Japan Aerospace Exploration Agency (JAXA) for Deep Space Missions
THORNTON, CO--(Marketwired - Dec 7, 2016) - Ascent Solar Technologies, Inc. (OTCBQ: ASTI), a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV) solutions, announces that the Company was selected by the Japan Aerospace Exploration Agency (JAXA) as part of their next round of evaluations for providing solar technology for an upcoming mission to Jupiter, as well as to address additional missions. This decision followed an earlier round of investigation with promising results, during which the Company's flexible, monolithically integrated copper-indium-gallium-selenide (CIGS) solar module was subjected to environmental extremes, and continued to operate well.
During the first phase of JAXA's evaluation, Ascent's PV was successfully tested below -146°C (-231°F) and up to +190°C (+374 °F), and to only 4% of the sunlight generally received in earth's orbit. In addition, JAXA has also subjected Ascent's PV to radiation and mechanical testing.
"JAXA's Jovian mission is a testament to the advancements being made in orbit, both in terms of its objectives, as well as the extremes in which the vehicle is required to operate," stated Dr. Joseph Armstrong, Chief Technology Officer and founder of Ascent Solar. "Missions of this type traditionally use fragile crystalline solar cells that require additional structure for protection. Our lightweight, flexible technology can take advantage of novel array construction that provide higher performance in a more economical package. JAXA has decided to investigate lower-cost flexible thin-film solar technology in conjunction with a solar sail concept that was first demonstrated on their IKAROS project in 2010. Our PV will be used in conjunction with a solar sail design that would provide both propulsion, as well as lightweight electrical power for the mission."
A link to the webpage describing the IKAROS (Interplanetary Kite-craft Accelerated by Radiation of the Sun) mission can be found here: http://www.isas.jaxa.jp/e/enterp/missions/ikaros/index.shtml
"We are very honored to be selected to work with JAXA in anticipation of the upcoming mission," said Victor Lee, President and CEO of Ascent Solar. "Interest from JAXA in our unique flexible CIGS PV product for high-performance aerospace applications is encouraging, as we believe it will increase awareness of what Ascent's PV has to offer in this challenging aerospace market."
JAXA intends to leverage their existing solar sail technology with lightweight solar components to combine both solar propulsion and solar power generation. As stated by the JAXA Solar Power Sail Team, "We want to develop innovative spacecraft systems with lightweight PV and pave the way for economical high-performance deep space missions."
ABOUT ASCENT SOLAR TECHNOLOGIES, INC:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado. More information can be found at www.ascentsolar.comand www.enerplex.com.
ABOUT JAPAN AEROSPACE EXPLORATION AGENCY (JAXA):
The Japan Aerospace Exploration Agency (JAXA) was born through the merger of three institutions, namely the Institute of Space and Astronautical Science (ISAS), the National Aerospace Laboratory of Japan (NAL) and the National Space Development Agency of Japan (NASDA). It was designated as a core performance agency to support the Japanese government's overall aerospace development and utilization. JAXA, therefore, can conduct integrated operations from basic research and development, to utilization. More information can be found at http://global.jaxa.jp
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies
Investor Relations
PCG Advisory Group Media Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Expands Retail Footprint to Over 1,600 Verizon Wireless Premium Stores Increasing Sales and Visibility of its EnerPlex Brand
Nov 30, 2016
OTC Disclosure & News Service
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Ascent Solar Expands Retail Footprint to Over 1,600 Verizon Wireless Premium Stores Increasing Sales and Visibility of its EnerPlex Brand
THORNTON, CO--(Marketwired - Nov 30, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced that the Company has secured a new partnership with Cellular Sales of Knoxville ("CSOK"
. CSOK is one of the Nation's largest Verizon Wireless Authorized Retailers, and will carry the EnerPlex line of mobility power products throughout their 560-store footprint.
The EnerPlex partnership with CSOK includes securing product placement in over 560 CSOK stores. This expands EnerPlex's penetration into the Verizon Wireless Authorized Retailer market; now over 1,600 stores nationwide.
Joe Kigin, Senior Director & Head of Sales of Ascent Solar and EnerPlex, said, "Over the last 18 months we have validated success with Verizon Wireless Premium Retail Partners, growing from 300 original stores to over 1,000 by the first half of 2016. The addition of CSOK's channel within the Verizon Wireless Premium Retailers network is further proof of our acceleration, in terms of both storefront outlets and revenue growth potential. This partnership will allow us to build a strong revenue baseline for our consumer business, and is a channel which we expect to see strong revenue traction heading into 2017."
Founded in 1993, CSOK has rapidly expanded its nationwide presence, offering focused and dedicated service to its customers. With a diverse team made up of leaders in the wireless, telecommunications, financial, and Internet industries, CSOK has established themselves as a leading American telecom retailer.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, aerospace applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.
About EnerPlex:
Ascent Solar's EnerPlex Division represents the Company's consumer-facing business and products. These products, many of which are integrated with Ascent Solar's transformational CIGS technology, provide consumers with the ability to integrate solar into their everyday lives, while enabling them to free themselves and their electronics from the outlet. For more information on the EnerPlex brand and to see the product line, please visit www.enerplex.com.
About Cellular Sales:
Cellular Sales of Knoxville was founded in 1993 and operates in approximately 560 U.S. stores today, making the company one of the nation's largest Verizon Wireless premium retailers. Cellular Sales has been named to Inc. Magazine's "Inc. 5000" list as one of the fastest growing privately owned companies for eight of the past nine years. The company employs nearly 4,500 people.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Ranked Number 189 Fastest Growing Company in North America on Deloitte's 2016 Technology Fast 500(TM)
Nov 22, 2016
OTC Disclosure & News Service
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Ascent Solar Ranked Number 189 Fastest Growing Company in North America on Deloitte's 2016 Technology Fast 500(TM)
THORNTON, CO--(Marketwired - Nov 22, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, today announced it ranked No. 189 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Ascent Solar grew 446 percent during this period.
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
Ascent Solar's Chief Executive Officer, Victor Lee, credits the pivoting of the Company's business model to focus on downstream consumer portable power products, as well as high value, solution-based PV applications, which began in the second half of 2012 with the Company's 446% revenue growth. Mr. Lee commented, "We are proud to be one of the fastest growing technology companies during this period, especially at a time where the entire thin-film solar industry was experiencing a major shakeup on the back of a sharp decline in the pricing of traditional crystalline silicon-based solar cell technology. Our new business focus has insulated us from the drastic margin erosion in the traditional power plant or rooftop market witnessed by most solar manufacturers. We will continue to streamline our business model as we work towards delivering further growth."
"Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls."
"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."
About Deloitte's 2016 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies Contacts:
Investor Relations:
Adam Holdsworth
adamh@pcgadvisory.com
646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Announces Third Quarter 2016 Financial Results
Nov 15, 2016
OTC Disclosure & News Service
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Ascent Solar Announces Third Quarter 2016 Financial Results
THORNTON, CO--(Marketwired - Nov 15, 2016) - Ascent Solar Technologies, Inc. (NASDAQ: ASTI) reported results for the third quarter ended September 30, 2016.
Financial Results for the Third Quarter Ended September 30, 2016
Total net revenue booked for the third quarter of 2016 was $453K, a recovery of approximately 78% from second quarter 2016. Gross shipments for the period were about $1.1M but net revenue booked for the same period was limited to $453K. This was due to a substantial deferment in revenue recognition -- in compliance with the US GAAP accounting rules -- as a result of a contract modification with one of the Company's largest customers. Allowances for RMA (Return Merchandize Authorization) also contributed to lower net revenue booked.
Total operating costs and expenses for the three months ended September 30, 2016 decreased substantially by approximately $2.3M as compared to the same period last year. As a result, net operating loss for the third quarter of 2016, improved by roughly 21% ($1.5M); down from a $7M loss for the same period in 2015 to approximately $5.5M. Sequentially, the operating results also represented approximately 22% improvement as compared to $7.1M operating loss in second quarter 2016.
For the nine months ended September 30, 2016, total revenue was $1.42M, compared to $4.14M reported for the same period last year, a decrease of $2.73M. This was mainly due to a disappointing second quarter as a result of a negative impact from customer related purchase orders and headwinds in the consumer retail industry. Correspondingly, total operating costs and expenses for the nine months ended September 30, 2016, also decreased by $3.43M as compared to the nine months ended September 30, 2015. As a result, net operating loss for the nine months of 2016 improved marginally to $20.18M, as compared to $20.88M for the same period of 2015 as the Company continues to streamline its operations and implement active cost-cutting measures.
Management Commentary
"We are focused on improving our results as we head into the final period of this year," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "On the back of the poor second quarter showing, we are confident that the worst is behind us as we continue to streamline our business model and further execute our growth plan. Given the continuous expansion of our retail footprint, particularly with the increased penetration of our distribution effort to now more than 1,500 Verizon Wireless authorized retail stores, we remain optimistic on the opportunities ahead for growth."
Mr. Lee concluded, "We have also made great progress in the defense and emergency power market, particularly in the increasing interest shown in our award winning, military-graded MilPak™ E solar and battery integrated blanket, which we believe will add to revenue growth in 2017 and beyond. We look forward to updating our shareholders as we work through the next phase of our development."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies Contacts:
Investor Relations:
Adam Holdsworth
adamh@pcgadvisory.com
646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar's EnerPlex Recognized for Excellence in Marketing; Wins 3 MARCOM Awards from Association of Marketing & Communication Professionals
Oct 24, 2016
OTC Disclosure & News Service
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Ascent Solar's EnerPlex Recognized for Excellence in Marketing; Wins 3 MARCOM Awards from Association of Marketing & Communication Professionals
THORNTON, CO--(Marketwired - Oct 24, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that EnerPlex™ has been awarded one Platinum and two Gold MARCOM Awards by the Association of Marketing & Communication Professionals (AMCP).
EnerPlex was presented the Platinum MARCOM Award in the Catalog category and two Gold MARCOM Awards in the Trade Show Exhibit and Video Categories. The respective pieces of work can be found via the links below:
MARCOM Award Winners
EnerPlex 2016 Fall Product Catalog- Platinum
EnerPlex Spring 2016 Tradeshow Booth- Gold
EnerPlex Jumpr Pro Product Video- Gold
Brad Brochocki, Senior Manager of Marketing and Corporate Communications for Ascent Solar, said, "We are extremely excited to receive another set of accolades recognizing the high quality of our work in sharing the story of EnerPlex's line of products. It's highly rewarding to be able to showcase our differentiating features through creative mediums that will continue to support our brand's growth in the consumer marketplace."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
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Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Secures New Funding
Oct 19, 2016
OTC Disclosure & News Service
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Ascent Solar Secures New Funding
Ascent Solar enters into a Securities Purchase Agreement with a new accredited investor for the private placement of $1 million
THORNTON, CO--(Marketwired - Oct 19, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that the Company has entered into a Securities Purchase Agreement ("Agreement" with a new accredited investor ("Investor" for the private placement of $1 million of the Company's newly designated Series J-1 10% Convertible Preferred Stock ("Series J-1 Preferred Stock" .
Pursuant to the Agreement, shares of the Series J-1 Preferred Stock, including the amount of any accrued and unpaid dividends thereon, will be convertible at the option of the Investor into common stock at a fixed conversion price of $0.0125 per share. There are no registration rights applicable to the Series J-1 Preferred Stock.
At closing, the Company issued a total of 100 shares of Series J-1 Preferred Stock to the investor in exchange for gross proceeds of $100,000. The Company will issue an additional 900 shares of Series J-1 Preferred Stock in exchange for gross proceeds of $900,000 in six subsequent closings scheduled to occur between November 2016 and February 2017.
"We are pleased to secure yet another investment commitment from a new investor," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "The funding will provide us with ongoing working capital needs as we continue to focus on the high value specialty PV market. The new investment reinforces our Investor's belief in Ascent's strategy and the tremendous potential of the Company's unmatched award-winning flexible CIGS solar technology."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Secures New Funding
Sep 26, 2016
OTC Disclosure & News Service
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Ascent Solar Secures New Funding
THORNTON, CO--(Marketwired - Sep 26, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that the Company has entered into a Securities Purchase Agreement ("Agreement" with an accredited investor ("Investor" for the private placement of $1.35 million of the Company's newly designated Series J 10% Convertible Preferred Stock ("Series J Preferred Stock" .
Pursuant to the Agreement, shares of the Series J Preferred Stock, including the amount of any accrued and unpaid dividends thereon, will be convertible at the option of the Investor into common stock at a fixed conversion price of $0.015 per share. There are no registration rights which are applicable to the Series J Preferred Stock.
At closing, the Company issued a total of 225 shares of Series J Preferred Stock to the investor in exchange for gross proceeds of $225,000. The Company will issue an additional 1,125 shares of Series J Preferred Stock in exchange for gross proceeds of $1,125,000 in five subsequent closings scheduled to occur in October and November 2016.
"We are satisfied to have secured this new investment, commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. The funding will provide us with ongoing working capital needs as we continue to focus on the high value specialty PV market. The new investment reinforces our Investor's belief in Ascent's strategy and the tremendous potential of the Company's lightweight flexible CIGS solar panel."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
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Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
EnerPlex's World's Lightest Consumer Solar Charger Wins Multiple "Best of Show" Awards at the 2016 Outdoor Retailer Show
Aug 18, 2016
OTC Disclosure & News Service
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EnerPlex's World's Lightest Consumer Solar Charger Wins Multiple "Best of Show" Awards at the 2016 Outdoor Retailer Show
THORNTON, CO--(Marketwired - Aug 18, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that the Company's newest debuted product, the Kickr 7 FL (Feather-light), has received numerous "Best of Show" awards from the following media publications at the 2016 Outdoor Retailer Show in Salt Lake City, UT from August 3rd - 6th, 2016.
GearJunkie -- Best In Show 2016:
https://gearjunkie.com/roundup/outdoor-retail...SolarPanel
The Manual -- Best of Outdoor Retailer 2016:
http://www.themanual.com/living/the-best-of-o...mmer-2016/
New Atlas -- Innovative Gear and Gadgetry from OR 2016:
http://newatlas.com/outdoor-retailer-2016-roundup/44657/
Engineered with Ascent's revolutionary CIGS Solar-on-Plastic technology and a completely redesigned encapsulation process that leverages upon the Company's aerospace and drone product development, the Kickr 7 FL debuted at the 2016 Outdoor Retailer Tradeshow as the world's lightest consumer solar charger. The Kicker 7 FL provides approximately 6.5 watts of regulated power while weighing only 5 ounces, and is 50% lighter than the previous equivalent Kickr series of solar chargers.
In addition, while awaiting for official confirmation, the Kickr 7 FL has also been voted the "best-of-the-best" in "GearJunkie's Outdoor Retailer Readers Choice Award" contest. Matched up against 15 of GearJunkie's favorite products from the 2016 Outdoor Retailer Show, EnerPlex garnered the most votes from GearJunkie's readers and subscribers over a one week contest. You can see the final voter count at https://gearjunkie.com/outdoor-retailer-readers-choice
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.goenerplex.com and www.ascentsolar.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Ascent Solar Technologies
Investor Relations
Adam Holdsworth
PCG Advisory Group
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Announces Second Quarter 2016 Financial Results
Aug 16, 2016
OTC Disclosure & News Service
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Ascent Solar Announces Second Quarter 2016 Financial Results
THORNTON, CO--(Marketwired - Aug 16, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, reported results for the second quarter ended June 30, 2016.
Financial Results for the Second Quarter and First Half Ended June 30, 2016
Total net revenue for the second quarter of 2016 was $255K, compared to $2.23M reported for the same period last year, a decline of $1.98M. Correspondingly, total operating costs and expenses for the three months ended June 30, 2016 decreased by $1.77M as compared to the three months ended June 30, 2015. As a result, net operating loss for the second quarter of 2016 totaled $7.14M, as compared to $6.93M for the second quarter of 2015.
For the six months ended June 30, 2016, total revenue was $966K, compared to $2.89M reported for the same period last year, a decrease of $1.93M. Total operating costs and expenses for the six months ended June 30, 2016 decreased by $1.13M as compared to the six months ended June 30, 2015. Net operating loss for the second half of 2016 totaled $14.64M, as compared to $13.85M for the second half of 2015.
Net product sales for the quarter were negatively impacted by various factors that unfortunately happened concurrently. First, Ascent experienced a temporary slowdown of purchase orders from one of its large customers due to a change in management and purchasing strategies. Secondly, there were changes in the terms to some of the company's customer agreements, resulting in the deferral of a portion of revenue recognition in compliance with the US GAAP accounting rules. Thirdly, the retail industry in the consumer electronics and sporting goods sector has been experiencing some major challenges, including the filing for bankruptcy protection by one of its key clients. Finally, Ascent's ability to build on 2015's sales momentum was severely impacted by limitations on raising further growth capital given the negative impact of moving from its Nasdaq listing to the OTCQB Venture Market.
Active cost-cutting measures were implemented as Ascent restructures its operations following the delisting from the Nasdaq Capital Market. The Company has since lowered selling, general, and administrative expenses as well as other financing costs, which has contributed to improvements to its overall net loss as compared to the prior quarter. Research and development expenses have remained relatively flat while the Company continues to improve the efficiency of its PV products and develop new products to meet customers' demands.
Management Commentary
"While we are disappointed with the results in the first half of the year, we are confident that the worst is over as we continue to further execute our growth plan for 2016 and beyond," said Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "Given the continuous expansion of our retail footprint, particularly with the previously announced increased penetration of our distribution effort into more than 1,000 Verizon Wireless authorized retail stores, we remain optimistic on the opportunities ahead for growth."
Mr. Lee concluded, "With entrance into several new retailers in the first half of the year, we are focused on delivering improved results heading into the second half of the year. We have also made great progress in the defense and emergency preparedness market, particularly in the increasing interest shown in our award winning, military graded MilPak E solar and battery integrated blanket, which we believe will add to our significant revenue velocity going forward. We look forward to updating our shareholders as we work through the next phase of our development."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.goenerplex and www.ascentsolar.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies Contacts
Investor and Media Relations
PCG Advisory Group
Sean Leous
sleous@pcgadvisory.com
+1-646-863-8998
Investor Relations:
Adam Holdsworth
adamh@pcgadvisory.com
646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
EnerPlex Inspires the World of Mobility Power -- Launches World's Lightest Solar at Outdoor Retailer 2016
Aug 02, 2016
OTC Disclosure & News Service
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EnerPlex Inspires the World of Mobility Power -- Launches World's Lightest Solar at Outdoor Retailer 2016
THORNTON, CO--(Marketwired - Aug 2, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced today the Company will debut the Kickr 7FL and Kickr 10FL, the world's lightest consumer solar chargers, at Outdoor Retailer in August 2016 in addition to the new EnerPlex Explor and EnerPlex Packr BC.
EnerPlex continues to establish itself as the technology leader in Mobility Power, with the launch of Featherlight solar family (the Kickr 7FL and 10FL) as well as the EnerPlex Explor 67, the brand's first battery designed specifically for the outdoors, carrying an IP67 rating and the EnerPlex Packr BC, a first of its kind solar charger, designed from the ground up for backpackers.
EnerPlex at Outdoor Retailer Summer 2016 Highlights:
Kickr 7FL & 10FL: Engineered with Ascent's revolutionary CIGS Solar-on-Plastic technology and a completely redesigned encapsulation process, the new Kickr Featherlight family is over 50% lighter than previous Kickr solar chargers.
Packr BC: The first solar charger ever designed with the backpacker specifically in mind, the 10 watt EnerPlex Packr BC is engineered to clasp and hug tightly to technical backpacks, ensuring superior charge performance while on the move.
Explor 67: The first EnerPlex battery product to carry an IP67 rating, made to repel damage from dust and water -- the EnerPlex Explor 67 was constructed with the avid outdoorsman specifically in mind.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, aerospace applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.
About EnerPlex:
Ascent Solar's EnerPlex Division represents the Company's consumer-facing business and products. These products, many of which are integrated with Ascent Solar's transformational CIGS technology, provide consumers with the ability to integrate solar into their everyday lives, while enabling them to free themselves and their electronics from the outlet. For more information on the EnerPlex brand and to see the product line, please visit www.goenerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Ascent Solar Technologies
Investor Relations
PCG Advisory Group
Media Relations
Sean Leous
sleous@pcgadvisory.com
+1-646-863-8998
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Last updated 01/07/2017 - 0.0021
Ascent's Lightweight Thin-Film Solar Selected for Further Evaluation by the Japan Aerospace Exploration Agency (JAXA) for Deep Space Missions
Dec 07, 2016
OTC Disclosure & News Service
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Ascent's Lightweight Thin-Film Solar Selected for Further Evaluation by the Japan Aerospace Exploration Agency (JAXA) for Deep Space Missions
THORNTON, CO--(Marketwired - Dec 7, 2016) - Ascent Solar Technologies, Inc. (OTCBQ: ASTI), a developer and manufacturer of state-of-the-art, lightweight and flexible thin-film photovoltaic (PV) solutions, announces that the Company was selected by the Japan Aerospace Exploration Agency (JAXA) as part of their next round of evaluations for providing solar technology for an upcoming mission to Jupiter, as well as to address additional missions. This decision followed an earlier round of investigation with promising results, during which the Company's flexible, monolithically integrated copper-indium-gallium-selenide (CIGS) solar module was subjected to environmental extremes, and continued to operate well.
During the first phase of JAXA's evaluation, Ascent's PV was successfully tested below -146°C (-231°F) and up to +190°C (+374 °F), and to only 4% of the sunlight generally received in earth's orbit. In addition, JAXA has also subjected Ascent's PV to radiation and mechanical testing.
"JAXA's Jovian mission is a testament to the advancements being made in orbit, both in terms of its objectives, as well as the extremes in which the vehicle is required to operate," stated Dr. Joseph Armstrong, Chief Technology Officer and founder of Ascent Solar. "Missions of this type traditionally use fragile crystalline solar cells that require additional structure for protection. Our lightweight, flexible technology can take advantage of novel array construction that provide higher performance in a more economical package. JAXA has decided to investigate lower-cost flexible thin-film solar technology in conjunction with a solar sail concept that was first demonstrated on their IKAROS project in 2010. Our PV will be used in conjunction with a solar sail design that would provide both propulsion, as well as lightweight electrical power for the mission."
A link to the webpage describing the IKAROS (Interplanetary Kite-craft Accelerated by Radiation of the Sun) mission can be found here: http://www.isas.jaxa.jp/e/enterp/missions/ikaros/index.shtml
"We are very honored to be selected to work with JAXA in anticipation of the upcoming mission," said Victor Lee, President and CEO of Ascent Solar. "Interest from JAXA in our unique flexible CIGS PV product for high-performance aerospace applications is encouraging, as we believe it will increase awareness of what Ascent's PV has to offer in this challenging aerospace market."
JAXA intends to leverage their existing solar sail technology with lightweight solar components to combine both solar propulsion and solar power generation. As stated by the JAXA Solar Power Sail Team, "We want to develop innovative spacecraft systems with lightweight PV and pave the way for economical high-performance deep space missions."
ABOUT ASCENT SOLAR TECHNOLOGIES, INC:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules were named as one of the top 100 technologies in both 2010 and 2015 by R&D Magazine, and one of TIME Magazine's 50 best inventions for 2011. The technology described above represents the cutting edge of flexible power and can be directly integrated into consumer products and off-grid applications, as well as other aerospace applications. Ascent Solar is headquartered in Thornton, Colorado. More information can be found at www.ascentsolar.comand www.enerplex.com.
ABOUT JAPAN AEROSPACE EXPLORATION AGENCY (JAXA):
The Japan Aerospace Exploration Agency (JAXA) was born through the merger of three institutions, namely the Institute of Space and Astronautical Science (ISAS), the National Aerospace Laboratory of Japan (NAL) and the National Space Development Agency of Japan (NASDA). It was designated as a core performance agency to support the Japanese government's overall aerospace development and utilization. JAXA, therefore, can conduct integrated operations from basic research and development, to utilization. More information can be found at http://global.jaxa.jp
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies
Investor Relations
PCG Advisory Group Media Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Expands Retail Footprint to Over 1,600 Verizon Wireless Premium Stores Increasing Sales and Visibility of its EnerPlex Brand
Nov 30, 2016
OTC Disclosure & News Service
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Ascent Solar Expands Retail Footprint to Over 1,600 Verizon Wireless Premium Stores Increasing Sales and Visibility of its EnerPlex Brand
THORNTON, CO--(Marketwired - Nov 30, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced that the Company has secured a new partnership with Cellular Sales of Knoxville ("CSOK"
. CSOK is one of the Nation's largest Verizon Wireless Authorized Retailers, and will carry the EnerPlex line of mobility power products throughout their 560-store footprint. The EnerPlex partnership with CSOK includes securing product placement in over 560 CSOK stores. This expands EnerPlex's penetration into the Verizon Wireless Authorized Retailer market; now over 1,600 stores nationwide.
Joe Kigin, Senior Director & Head of Sales of Ascent Solar and EnerPlex, said, "Over the last 18 months we have validated success with Verizon Wireless Premium Retail Partners, growing from 300 original stores to over 1,000 by the first half of 2016. The addition of CSOK's channel within the Verizon Wireless Premium Retailers network is further proof of our acceleration, in terms of both storefront outlets and revenue growth potential. This partnership will allow us to build a strong revenue baseline for our consumer business, and is a channel which we expect to see strong revenue traction heading into 2017."
Founded in 1993, CSOK has rapidly expanded its nationwide presence, offering focused and dedicated service to its customers. With a diverse team made up of leaders in the wireless, telecommunications, financial, and Internet industries, CSOK has established themselves as a leading American telecom retailer.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, aerospace applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.
About EnerPlex:
Ascent Solar's EnerPlex Division represents the Company's consumer-facing business and products. These products, many of which are integrated with Ascent Solar's transformational CIGS technology, provide consumers with the ability to integrate solar into their everyday lives, while enabling them to free themselves and their electronics from the outlet. For more information on the EnerPlex brand and to see the product line, please visit www.enerplex.com.
About Cellular Sales:
Cellular Sales of Knoxville was founded in 1993 and operates in approximately 560 U.S. stores today, making the company one of the nation's largest Verizon Wireless premium retailers. Cellular Sales has been named to Inc. Magazine's "Inc. 5000" list as one of the fastest growing privately owned companies for eight of the past nine years. The company employs nearly 4,500 people.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Ranked Number 189 Fastest Growing Company in North America on Deloitte's 2016 Technology Fast 500(TM)
Nov 22, 2016
OTC Disclosure & News Service
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Ascent Solar Ranked Number 189 Fastest Growing Company in North America on Deloitte's 2016 Technology Fast 500(TM)
THORNTON, CO--(Marketwired - Nov 22, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, today announced it ranked No. 189 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Ascent Solar grew 446 percent during this period.
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
Ascent Solar's Chief Executive Officer, Victor Lee, credits the pivoting of the Company's business model to focus on downstream consumer portable power products, as well as high value, solution-based PV applications, which began in the second half of 2012 with the Company's 446% revenue growth. Mr. Lee commented, "We are proud to be one of the fastest growing technology companies during this period, especially at a time where the entire thin-film solar industry was experiencing a major shakeup on the back of a sharp decline in the pricing of traditional crystalline silicon-based solar cell technology. Our new business focus has insulated us from the drastic margin erosion in the traditional power plant or rooftop market witnessed by most solar manufacturers. We will continue to streamline our business model as we work towards delivering further growth."
"Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls."
"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."
About Deloitte's 2016 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies Contacts:
Investor Relations:
Adam Holdsworth
adamh@pcgadvisory.com
646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Announces Third Quarter 2016 Financial Results
Nov 15, 2016
OTC Disclosure & News Service
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Ascent Solar Announces Third Quarter 2016 Financial Results
THORNTON, CO--(Marketwired - Nov 15, 2016) - Ascent Solar Technologies, Inc. (NASDAQ: ASTI) reported results for the third quarter ended September 30, 2016.
Financial Results for the Third Quarter Ended September 30, 2016
Total net revenue booked for the third quarter of 2016 was $453K, a recovery of approximately 78% from second quarter 2016. Gross shipments for the period were about $1.1M but net revenue booked for the same period was limited to $453K. This was due to a substantial deferment in revenue recognition -- in compliance with the US GAAP accounting rules -- as a result of a contract modification with one of the Company's largest customers. Allowances for RMA (Return Merchandize Authorization) also contributed to lower net revenue booked.
Total operating costs and expenses for the three months ended September 30, 2016 decreased substantially by approximately $2.3M as compared to the same period last year. As a result, net operating loss for the third quarter of 2016, improved by roughly 21% ($1.5M); down from a $7M loss for the same period in 2015 to approximately $5.5M. Sequentially, the operating results also represented approximately 22% improvement as compared to $7.1M operating loss in second quarter 2016.
For the nine months ended September 30, 2016, total revenue was $1.42M, compared to $4.14M reported for the same period last year, a decrease of $2.73M. This was mainly due to a disappointing second quarter as a result of a negative impact from customer related purchase orders and headwinds in the consumer retail industry. Correspondingly, total operating costs and expenses for the nine months ended September 30, 2016, also decreased by $3.43M as compared to the nine months ended September 30, 2015. As a result, net operating loss for the nine months of 2016 improved marginally to $20.18M, as compared to $20.88M for the same period of 2015 as the Company continues to streamline its operations and implement active cost-cutting measures.
Management Commentary
"We are focused on improving our results as we head into the final period of this year," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "On the back of the poor second quarter showing, we are confident that the worst is behind us as we continue to streamline our business model and further execute our growth plan. Given the continuous expansion of our retail footprint, particularly with the increased penetration of our distribution effort to now more than 1,500 Verizon Wireless authorized retail stores, we remain optimistic on the opportunities ahead for growth."
Mr. Lee concluded, "We have also made great progress in the defense and emergency power market, particularly in the increasing interest shown in our award winning, military-graded MilPak™ E solar and battery integrated blanket, which we believe will add to revenue growth in 2017 and beyond. We look forward to updating our shareholders as we work through the next phase of our development."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies Contacts:
Investor Relations:
Adam Holdsworth
adamh@pcgadvisory.com
646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar's EnerPlex Recognized for Excellence in Marketing; Wins 3 MARCOM Awards from Association of Marketing & Communication Professionals
Oct 24, 2016
OTC Disclosure & News Service
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Ascent Solar's EnerPlex Recognized for Excellence in Marketing; Wins 3 MARCOM Awards from Association of Marketing & Communication Professionals
THORNTON, CO--(Marketwired - Oct 24, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that EnerPlex™ has been awarded one Platinum and two Gold MARCOM Awards by the Association of Marketing & Communication Professionals (AMCP).
EnerPlex was presented the Platinum MARCOM Award in the Catalog category and two Gold MARCOM Awards in the Trade Show Exhibit and Video Categories. The respective pieces of work can be found via the links below:
MARCOM Award Winners
EnerPlex 2016 Fall Product Catalog- Platinum
EnerPlex Spring 2016 Tradeshow Booth- Gold
EnerPlex Jumpr Pro Product Video- Gold
Brad Brochocki, Senior Manager of Marketing and Corporate Communications for Ascent Solar, said, "We are extremely excited to receive another set of accolades recognizing the high quality of our work in sharing the story of EnerPlex's line of products. It's highly rewarding to be able to showcase our differentiating features through creative mediums that will continue to support our brand's growth in the consumer marketplace."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3071151
Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Secures New Funding
Oct 19, 2016
OTC Disclosure & News Service
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Ascent Solar Secures New Funding
Ascent Solar enters into a Securities Purchase Agreement with a new accredited investor for the private placement of $1 million
THORNTON, CO--(Marketwired - Oct 19, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that the Company has entered into a Securities Purchase Agreement ("Agreement"
with a new accredited investor ("Investor" for the private placement of $1 million of the Company's newly designated Series J-1 10% Convertible Preferred Stock ("Series J-1 Preferred Stock" . Pursuant to the Agreement, shares of the Series J-1 Preferred Stock, including the amount of any accrued and unpaid dividends thereon, will be convertible at the option of the Investor into common stock at a fixed conversion price of $0.0125 per share. There are no registration rights applicable to the Series J-1 Preferred Stock.
At closing, the Company issued a total of 100 shares of Series J-1 Preferred Stock to the investor in exchange for gross proceeds of $100,000. The Company will issue an additional 900 shares of Series J-1 Preferred Stock in exchange for gross proceeds of $900,000 in six subsequent closings scheduled to occur between November 2016 and February 2017.
"We are pleased to secure yet another investment commitment from a new investor," commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "The funding will provide us with ongoing working capital needs as we continue to focus on the high value specialty PV market. The new investment reinforces our Investor's belief in Ascent's strategy and the tremendous potential of the Company's unmatched award-winning flexible CIGS solar technology."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Secures New Funding
Sep 26, 2016
OTC Disclosure & News Service
-
Ascent Solar Secures New Funding
THORNTON, CO--(Marketwired - Sep 26, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that the Company has entered into a Securities Purchase Agreement ("Agreement"
with an accredited investor ("Investor" for the private placement of $1.35 million of the Company's newly designated Series J 10% Convertible Preferred Stock ("Series J Preferred Stock" . Pursuant to the Agreement, shares of the Series J Preferred Stock, including the amount of any accrued and unpaid dividends thereon, will be convertible at the option of the Investor into common stock at a fixed conversion price of $0.015 per share. There are no registration rights which are applicable to the Series J Preferred Stock.
At closing, the Company issued a total of 225 shares of Series J Preferred Stock to the investor in exchange for gross proceeds of $225,000. The Company will issue an additional 1,125 shares of Series J Preferred Stock in exchange for gross proceeds of $1,125,000 in five subsequent closings scheduled to occur in October and November 2016.
"We are satisfied to have secured this new investment, commented Victor Lee, President and CEO of Ascent Solar Technologies, Inc. The funding will provide us with ongoing working capital needs as we continue to focus on the high value specialty PV market. The new investment reinforces our Investor's belief in Ascent's strategy and the tremendous potential of the Company's lightweight flexible CIGS solar panel."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com and www.enerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
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Ascent Solar Technologies
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
EnerPlex's World's Lightest Consumer Solar Charger Wins Multiple "Best of Show" Awards at the 2016 Outdoor Retailer Show
Aug 18, 2016
OTC Disclosure & News Service
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EnerPlex's World's Lightest Consumer Solar Charger Wins Multiple "Best of Show" Awards at the 2016 Outdoor Retailer Show
THORNTON, CO--(Marketwired - Aug 18, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, announced today that the Company's newest debuted product, the Kickr 7 FL (Feather-light), has received numerous "Best of Show" awards from the following media publications at the 2016 Outdoor Retailer Show in Salt Lake City, UT from August 3rd - 6th, 2016.
GearJunkie -- Best In Show 2016:
https://gearjunkie.com/roundup/outdoor-retail...SolarPanel
The Manual -- Best of Outdoor Retailer 2016:
http://www.themanual.com/living/the-best-of-o...mmer-2016/
New Atlas -- Innovative Gear and Gadgetry from OR 2016:
http://newatlas.com/outdoor-retailer-2016-roundup/44657/
Engineered with Ascent's revolutionary CIGS Solar-on-Plastic technology and a completely redesigned encapsulation process that leverages upon the Company's aerospace and drone product development, the Kickr 7 FL debuted at the 2016 Outdoor Retailer Tradeshow as the world's lightest consumer solar charger. The Kicker 7 FL provides approximately 6.5 watts of regulated power while weighing only 5 ounces, and is 50% lighter than the previous equivalent Kickr series of solar chargers.
In addition, while awaiting for official confirmation, the Kickr 7 FL has also been voted the "best-of-the-best" in "GearJunkie's Outdoor Retailer Readers Choice Award" contest. Matched up against 15 of GearJunkie's favorite products from the 2016 Outdoor Retailer Show, EnerPlex garnered the most votes from GearJunkie's readers and subscribers over a one week contest. You can see the final voter count at https://gearjunkie.com/outdoor-retailer-readers-choice
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.goenerplex.com and www.ascentsolar.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Ascent Solar Technologies
Investor Relations
Adam Holdsworth
PCG Advisory Group
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Ascent Solar Announces Second Quarter 2016 Financial Results
Aug 16, 2016
OTC Disclosure & News Service
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Ascent Solar Announces Second Quarter 2016 Financial Results
THORNTON, CO--(Marketwired - Aug 16, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the Company's EnerPlex™ series of consumer products, reported results for the second quarter ended June 30, 2016.
Financial Results for the Second Quarter and First Half Ended June 30, 2016
Total net revenue for the second quarter of 2016 was $255K, compared to $2.23M reported for the same period last year, a decline of $1.98M. Correspondingly, total operating costs and expenses for the three months ended June 30, 2016 decreased by $1.77M as compared to the three months ended June 30, 2015. As a result, net operating loss for the second quarter of 2016 totaled $7.14M, as compared to $6.93M for the second quarter of 2015.
For the six months ended June 30, 2016, total revenue was $966K, compared to $2.89M reported for the same period last year, a decrease of $1.93M. Total operating costs and expenses for the six months ended June 30, 2016 decreased by $1.13M as compared to the six months ended June 30, 2015. Net operating loss for the second half of 2016 totaled $14.64M, as compared to $13.85M for the second half of 2015.
Net product sales for the quarter were negatively impacted by various factors that unfortunately happened concurrently. First, Ascent experienced a temporary slowdown of purchase orders from one of its large customers due to a change in management and purchasing strategies. Secondly, there were changes in the terms to some of the company's customer agreements, resulting in the deferral of a portion of revenue recognition in compliance with the US GAAP accounting rules. Thirdly, the retail industry in the consumer electronics and sporting goods sector has been experiencing some major challenges, including the filing for bankruptcy protection by one of its key clients. Finally, Ascent's ability to build on 2015's sales momentum was severely impacted by limitations on raising further growth capital given the negative impact of moving from its Nasdaq listing to the OTCQB Venture Market.
Active cost-cutting measures were implemented as Ascent restructures its operations following the delisting from the Nasdaq Capital Market. The Company has since lowered selling, general, and administrative expenses as well as other financing costs, which has contributed to improvements to its overall net loss as compared to the prior quarter. Research and development expenses have remained relatively flat while the Company continues to improve the efficiency of its PV products and develop new products to meet customers' demands.
Management Commentary
"While we are disappointed with the results in the first half of the year, we are confident that the worst is over as we continue to further execute our growth plan for 2016 and beyond," said Victor Lee, President and CEO of Ascent Solar Technologies, Inc. "Given the continuous expansion of our retail footprint, particularly with the previously announced increased penetration of our distribution effort into more than 1,000 Verizon Wireless authorized retail stores, we remain optimistic on the opportunities ahead for growth."
Mr. Lee concluded, "With entrance into several new retailers in the first half of the year, we are focused on delivering improved results heading into the second half of the year. We have also made great progress in the defense and emergency preparedness market, particularly in the increasing interest shown in our award winning, military graded MilPak E solar and battery integrated blanket, which we believe will add to our significant revenue velocity going forward. We look forward to updating our shareholders as we work through the next phase of our development."
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules using flexible plastic substrate materials that are more versatile and rugged than traditional solar panels. Ascent Solar modules, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly integrated into consumer products and off-grid applications, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.goenerplex and www.ascentsolar.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Ascent Solar Technologies Contacts
Investor and Media Relations
PCG Advisory Group
Sean Leous
sleous@pcgadvisory.com
+1-646-863-8998
Investor Relations:
Adam Holdsworth
adamh@pcgadvisory.com
646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
EnerPlex Inspires the World of Mobility Power -- Launches World's Lightest Solar at Outdoor Retailer 2016
Aug 02, 2016
OTC Disclosure & News Service
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EnerPlex Inspires the World of Mobility Power -- Launches World's Lightest Solar at Outdoor Retailer 2016
THORNTON, CO--(Marketwired - Aug 2, 2016) - Ascent Solar Technologies, Inc. (OTCQB: ASTI), a developer and manufacturer of state-of-the-art, flexible thin-film photovoltaic modules integrated into the company's EnerPlex™ series of consumer products, announced today the Company will debut the Kickr 7FL and Kickr 10FL, the world's lightest consumer solar chargers, at Outdoor Retailer in August 2016 in addition to the new EnerPlex Explor and EnerPlex Packr BC.
EnerPlex continues to establish itself as the technology leader in Mobility Power, with the launch of Featherlight solar family (the Kickr 7FL and 10FL) as well as the EnerPlex Explor 67, the brand's first battery designed specifically for the outdoors, carrying an IP67 rating and the EnerPlex Packr BC, a first of its kind solar charger, designed from the ground up for backpackers.
EnerPlex at Outdoor Retailer Summer 2016 Highlights:
Kickr 7FL & 10FL: Engineered with Ascent's revolutionary CIGS Solar-on-Plastic technology and a completely redesigned encapsulation process, the new Kickr Featherlight family is over 50% lighter than previous Kickr solar chargers.
Packr BC: The first solar charger ever designed with the backpacker specifically in mind, the 10 watt EnerPlex Packr BC is engineered to clasp and hug tightly to technical backpacks, ensuring superior charge performance while on the move.
Explor 67: The first EnerPlex battery product to carry an IP67 rating, made to repel damage from dust and water -- the EnerPlex Explor 67 was constructed with the avid outdoorsman specifically in mind.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, aerospace applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colorado. For more information, go to www.ascentsolar.com.
About EnerPlex:
Ascent Solar's EnerPlex Division represents the Company's consumer-facing business and products. These products, many of which are integrated with Ascent Solar's transformational CIGS technology, provide consumers with the ability to integrate solar into their everyday lives, while enabling them to free themselves and their electronics from the outlet. For more information on the EnerPlex brand and to see the product line, please visit www.goenerplex.com.
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Ascent Solar Technologies
Investor Relations
PCG Advisory Group
Media Relations
Sean Leous
sleous@pcgadvisory.com
+1-646-863-8998
Investor Relations
Adam Holdsworth
adamh@pcgadvisory.com
+1-646-862-4607
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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