Ascent
Solar Technologies, Inc. (NASDAQ:ASTI),
a developer of state-of-the-art, flexible thin-film photovoltaic
modules, announced today that it has received a purchase order for
50,000 units of its EnerPlex
solar charger for the Apple ® (NASDAQ:AAPL) iPhone ® *. The EnerPlex
charger was launched in early June, and it was displayed at Ascent’s
annual shareholder’s meeting. It was first publicly displayed to the
industry at Intersolar in Europe last week. The product takes advantage
of Ascent’s ultra-light, thin and flexible solar panels and enables
iPhone users to provide supplementary charging of their iPhones with
sunlight.
The order is from Ascent’s exclusive distributor in Asia, TFG Radiant,
which has advance orders from its channel partners for retail
distribution throughout the Asia region. Ascent plans to fulfill the
channel orders, supporting the early August retail launch of EnerPlex
chargers in Asia.
Ascent Solar’s President and CEO, Victor Lee, said “Initial response to
the EnerPlex
solar charger has been excellent. We are very encouraged by the
initial orders we have received from our distribution partners in Asia
and we are receiving strong interest from potential distributors
worldwide. We plan to work closely with our channel partners in Asia to
support the retail launch of EnerPlex
while continuing to pursue expansion opportunities for this
revolutionary line of products around the world.”
Lee continued, “Ascent unveiled the EnerPlex
charger at Intersolar Europe last week to a tremendous response. The
market is clearly excited about our sleek design which provides
consumers with a new and fashionable way to power their smartphone. With
this launch of our first EnerPlex
product, with many more to come, we are taking the first step toward
driving a new revenue stream with significant growth opportunity for the
company.”
This charger is the first product under Ascent’s new EnerPlex
line of consumer products. Ascent is developing future products for
other leading smart phones and consumer devices, such as the Samsung ®
Galaxy S ® III *.
Photos, a promotional video, and product information can be found at www.ascentsolar.com/enerplex.
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic
modules using flexible substrate materials that can transform the way
solar power generation integrates into everyday life. Ascent
Solar modules can be directly integrated into standard building
materials, commercial transportation, automotive solutions, space
applications, consumer electronics for portable power and durable
off-grid solutions. Additional information can be found at www.ascentsolar.com.
* Apple and iPhone are registered trademarks of Apple Inc.
Samsung and Galaxy S are registered trademarks of Samsung Electronics
Co., Ltd.
Samsung Galaxy is a trademark of Samsung Electronics Co., Ltd.
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 "believes," "belief," "expects,"
"expect," "intends," "intend," "anticipate," "anticipates," "plans,"
"plan," to be uncertain and forward-looking. The forward-looking
statements contained herein are also subject generally to other risks
and uncertainties that are described from time to time in the Company's
filings with the SEC.
