By Denver Business Journal

Ascent Solar Technologies Inc. said Thursday it has received a warning notice from the Nasdaq Stock Market saying that it no longer complies with listing requirements on the Nasdaq Global Market.

Ascent (Nasdaq: ASTI), a Thornton-based producer of thin-film solar panels, disclosed the Nasdaq notice in a filing with the Securities and Exchange Commission.

It said the warning was based on the fact that its closing share price dropped below $1 for 30 consecutive trading days.

Ascentâ¿¿s stock closed at 80 cents Thursday. It last closed over $1 on Aug. 30, and last traded consistently above that threshold in June, down from a peak of $27 in December 2007.

The company said it has been given until April 10, 2012, to regain compliance with Nasdaqâ¿¿s minimum bid price requirement, which will happen if its share price closes over $1 for 10 consecutive trading sessions. Otherwise, it can apply to transfer its stock to the Nasdaq Capital Market, and has other appeal options.

Ascent said it is ⿿considering actions that it may take in response to this notification in order to regain compliance.⿝

Ascent has cut its workforce sharply over the last year.

In its most recent quarterly report, covering the three months ending June 30, Ascent posted a net loss of $85.2 million, or $2.63 a share, versus a loss of $7.7 million, or 29 cents a share, in the same period a year earlier.

In August, Ascent announced a deal in which it licensed manufacturing technology to TFG Radiant Group, a China-Singapore joint venture that plans to develop a solar manufacturing plant in China using Ascentâ¿¿s technology. TFG also has a minority stake in Ascent, and Ascent will have a stake in the China plant.

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