$ASTI Mr. Song Liang, Chairman and Founder of the Boone Group (Strategic Investor), commented "We remain committed to investing in Ascent Solar and are not deterred by the short term fluctuation of the stock price."
Mr. Song Liang, Chairman and Founder of the Boone Group, commented "We remain committed to investing in Ascent Solar and are not deterred by the short term fluctuation of the stock price." Mr. Song continued, "With its unique manufacturing process and world-wide award-winning technology, I am convinced that Ascent's unparalleled PV module will have immense potential not only in China but in the worldwide market, especially when Ascent can achieve the appropriate economies of scale. We will continue our funding commitment to help Ascent Solar achieve the economies of scale and maximize the full potential of its capabilities."
The President and CEO of Ascent Solar, Mr. Victor Lee said, "We are very pleased with the Boone Group's continuing commitment to Ascent Solar. Electing to convert into Common Stock, despite the large premium over the current stock price, demonstrates the investor's belief in Ascent's strategy and the tremendous potential of the Company's lightweight flexible CIGS solar panel."
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