Ascent Solar Technologies Inc (ASTI)

[SirStockALot]

Ascent Solar to Broaden Shareholder Communications
Jan 11, 2017
OTC Disclosure & News Service

An Increase in Shareholder Interest Prompts New Communications Initiative to Leverage Growth and Revenue Opportunities While Offering Greater Transparency

THORNTON, CO--(Marketwired - Jan 11, 2017) - 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, in response to an increase in shareholder inquiries, is launching a new communications effort intent on broadening the visibility of recent developments and its products, to better communicate available growth and revenue opportunities, and to promote greater transparency.

"It is our goal to improve communications for increased transparency and greater product education," said Victor Lee, CEO and President of Ascent Solar Technologies, Inc. "This effort will be supported by shareholder conference calls, new investor/shareholder contact forms, written corporate updates, management interviews, and video presentations to name a few."

The Company has experienced a substantial increase in shareholder inquiries. This interest partly follows the Company's recent progress in product testing by JAXA (Japan Aerospace Exploration Agency), expansion into more than 1,600 Verizon Wireless retail stores, and a drop in 3rd Quarter revenue compared to same period last year. Recent events such as these have brought management to the realization that a new communications initiative is required for increased transparency and education purposes. While the new communications effort is being launched to meet shareholders expectations, management anticipates that the effort will ultimately engender the interest of new investors, maintain the support of current shareholders, and grow its customer base."

Mr. Lee continued, "On one hand, we have seemingly simple but highly effective and advanced consumer products. On the other hand, we have very high-end solar products -- so advanced that they are being tested for deep space missions to Jupiter. While both are fundamentally the same base product, they feature a different encapsulation to allow use in wide ranging capabilities and applicability."

"Likewise, it is somewhat difficult for shareholders to completely grasp what is going on with our revenue fluctuation; particularly when we have broad retail relationships such as Fry's Electronics and Verizon Wireless stores. In addition, shareholders may not fully appreciate the possible causes of our current depressed market valuation. Most importantly, we want the market to clearly understand what our plans are to strengthen shareholder confidence during 2017."

Mr. Lee concluded, "We will announce each aspect of the new communications initiative as we roll it out. I'm most excited about delivering our first written corporate update and having a shareholder's conference call. We believe that there is a lot to be excited about the Company in 2017."


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Dec 07, 2016
OTC Disclosure & News Service


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."


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Nov 30, 2016
OTC Disclosure & News Service


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.

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Nov 22, 2016
OTC Disclosure & News Service



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.




OVER A SPAN OF 3 MONTHS ASTI WAS $.03 IN OCTOBER AND REACHED A LOW OF ABOUT $.0016 NOW THAT THE COMPANY IS FOCUSED ON MAKING THE RIGHT MOVES TO PROTECT INVESTORS INTERESTS IT MAY REACH THESE LEVELS AGAIN IN THE NEAR FUTURE $$$$$$$$$$