Ascent Solar Technologies Inc (ASTI)

[Wallstreetwarriors]

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.”