Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art, flexible thin-film photovoltaic modules, announced today it has launched a charger for the Samsung® Galaxy S III® smart phone featuring Ascent’s ultra light CIGS technology. Branded under Ascent’s EnerPlex line of consumer products, the charger incorporates the company’s solar cells into a sleek, protective Galaxy S III case, along with an ultra thin battery. The charger adds minimal weight and size to the Galaxy S III yet provides significantly improved battery life by harnessing sunlight for electric power. Following the successful launch of the EnerPlex for iPhone® 4S case, Ascent is releasing the EnerPlex for the Galaxy S III as Samsung continues to introduce new products in a competitive market where the number of smart phones in use globally is expected to reach 1 billion in the next 4 years. 144 million smart phones were sold globally in the first quarter of 2012. Ascent is developing the EnerPlex line utilizing its transformational CIGS technology to bring solar enabled power to a variety of new consumer products such as the widely anticipated next generation iPhone. EnerPlex product information & videos, including a video of the Samsung case, can be found at: www.ascentsolar.com/enerplex. Ascent Solar’s President and CEO, Victor Lee, said, “The EnerPlex charger is the only protective case for the Samsung Galaxy S III which leverages the lightweight qualities and superior aesthetics of our CIGS solar technology. It will extend the usage time of the Galaxy S III while preserving the high level of design quality that consumers demand. Samsung customers can now incorporate transformational solar technology into their everyday life, improving the performance of their smartphone without compromising style.” Lee continued, “Ascent’s solar powered case designs target the top two market share leaders, Apple®, Inc. and Samsung, who together, account for over 70% of the smart phone market. With the launch of this second product in the EnerPlex line, Ascent now has a solar charger for two of the most popular smart phones on the market, the Apple iPhone and the Samsung Galaxy S III.”
The EnerPlex case for the Samsung Galaxy S III will debut in South Korea in October with an expected launch in the United States in time for the 2012 holiday shopping season.About Ascent Solar Technologies, Inc. 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, which were named one of TIME Magazine's 50 best inventions for 2011, can be directly incorporated into standard building materials, commercial transportation, automotive solutions, space applications, consumer electronics for portable power and durable off-grid solutions. More 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 Securities and Exchange Commission.