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Ascent Solar Signs Distributor Agreement with Sunload Mobile Solutions GmbH

Dépèche transmise le 21 mars 2011 par Business Wire

Ascent Solar Signs Distributor Agreement with Sunload Mobile Solutions GmbH

THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that Sunload Mobile Solutions will act as an Authorized Distributor of Ascent Solar's lightweight, flexible, high-power thin-film CIGS modules for Electronic Integrated (EIPV) applications in Europe. This agreement with Sunload will give Ascent Solar access to multiple opportunities within Europe’s rapidly expanding off-grid battery charging and portable power markets.

Ascent Solar President and CEO Farhad Moghadam stated, "We are pleased to announce our agreement with Sunload Mobile Solutions. This relationship establishes a partnership through which we expect to market our lineup of flexible, lightweight CIGS modules for off-grid portable power. The innovative European market represents a significant opportunity for Ascent’s portfolio of products. We welcome Sunload Mobile Solutions to our network of distributors.”

About Sunload Mobile Solutions GmbH

Sunload Mobile Solutions GmbH is a leading manufacturer of Solar Chargers for small off-grid solar applications. Sunload is based in Berlin, Germany. Additional information can be found at www.sunload.com.

About Ascent Solar Technologies

Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels. Ascent Solar modules can be directly integrated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power or configured as stand-alone modules for large scale terrestrial deployment. Ascent Solar is headquartered in Thornton, Colo. Additional information can be found at www.ascentsolar.com.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "may," "will," "should," "believes," "expect," "intend," "anticipate," "plan," "estimate" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject to risks and uncertainties that are described in our most recent annual report on Form 10-K under the heading "Risk Factors" and our subsequent filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements whether as a result of the receipt of new information, future events, or otherwise.