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BottomBounce

04/13/18 10:35 AM

#39646 RE: torenzial #39641

$ASTI
"The Company has made significant progress in these high-value markets and will continue to sharpen our focus in such areas where Ascent is truly at the forefront of the competition. Notable milestones include string of announcements that the Company's superlight thin-film modules were selected by JAXA (Japan Aerospace Exploration Agency) as well as the German Aerospace Center (DLR) for further testing and evaluation for deep space mission. The Company has also recently completed a shipment of approximately $0.32M for our superlight thin-film modules to a European based customer involving in the development of Lighter-than-air-vehicle (LTAV) for high-altitude application." "Our effort of being the first and only flexible CIGS manufacturer to have achieved ISO 9001:2015 certification, has enabled us to serve a larger universe of premium market customers who prefer products manufactured under a superlative Quality Management System and must be as robust and fail proof as possible."

Mr. Lee concluded, "Great progress was also made in the defense and emergency power market, which we believe will add to revenue growth in 2018 and beyond." "We are optimistic and certainly look forward to a stronger 2018 and beyond, as our high-value PV market focus begins to take shape. We look forward to updating our shareholders as we make continued progress."