Mr. Song Liang, Chairman and Founder of the Boone

Mr. Song Liang, Chairman and Founder of the Boone Group, commented, "Ascent Solar has been making tremendous progress in the specialty PV market as witnessed by their most recent announcements of the successful delivery of the superlight and high-voltage modules, as well as their participation in the US Special Operations Command (SOCOM) Exclusive TE 17-3 event in Washington, D.C. We remain fully confident in the long term prospect of the Company and are not deterred by short term fluctuations of the stock price." Mr. Song continued, "Our long term vision is aligned with Ascent's strategy. I am glad that investors and shareholders are beginning to take note of this potential Crown Jewel. We will continue to provide other support to Ascent Solar through our vast resources in China to help Ascent Solar swiftly commercialize its state-of-the-art technology and unique PV products in the Greater China region."

The President and CEO of Ascent Solar, Mr. Victor Lee said, "The continuous increase in shareholding of Ascent Solar by Boone Group, despite the large premium over the current stock price, clearly demonstrates Boone's belief in Ascent Solar and the Company's award-winning flexible CIGS solar technology. We look forward to working with the Boone Group to swiftly penetrate the fast growing Chinese market which is exhibiting an annual demand in solar power of well over 60 Gigawatts."
http://investors.ascentsolar.com/releasedetai...ID=1035225